Here is what TheStreet's Jim Cramer says about Netflix's stock split:
"Netflix, is it a 'buy' after the stock split? First, you know that stock splits are cosmetic; they don't create any value. But Netflix is a stock individuals want to own, and they feel that they can't own a lot of it when it's at $700, so I imagine they'll be some buy. Now be careful here, when Apple split, do you know that stock went down, when you actually got the stock that day, for the next five days. So, don't get too excited. I understand that the stock is flying. You want to own Netflix because the opportunity is great, not because of the split."
Exclusive Look Inside:
You see Jim Cramer on TV. Now, see where he invests his money and why. Learn more now.
And TheStreet Ratings,TheStreet's proprietary ratings tool agrees with him, rating Netflix a "hold."
TheStreet Ratings projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Based on 32 major data points, TheStreet Ratings uses a quantitative approach to rating over 4,300 stocks to predict return potential for the next year. The model is both objective, using elements such as volatility of past operating revenues, financial strength, and company cash flows, and subjective, including expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings.