NEW YORK ( TheStreet) -- Netflix ( NFLX) finally brought home an Emmy award. But judging by Wall Street's reaction, one just wasn't enough.
TheStreet's Jim Cramer told "Mad Money" Research Director Nicole Urken that the company failed to wow investors, as it only brought in one award for its original series, "House of Cards". He added that "Arrested Development", which Netflix has committed $110 million to, needed to win, which it did not. Overall, the stock price is lower on Monday and Cramer attributed it to the lackluster results from the award show. So should traders short the stock? According to Cramer, no. Netflix is considered a 'cult stock,' something he refers to as a stock that constantly gets bought, regardless of fundamentals and logic. He added that he would not be a buyer based on discipline and wouldn't be a seller, based on the fact that the stock could very well go higher. Video.