Jim Cramer Says Don’t Buy Netflix Until the Selling Stops
Jim Cramer says investors should be ready to buy shares of Netflix once the selling stops.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said investors should wait to buy Netflix (NFLX) - Get Report . 'They guided down so much for international [subscriber growth] that there is simply no way you can buy the stock today because so many people have cut their price targets,' Cramer said. Netflix expects to add 2 million overseas subscribers during second quarter, missing estimates of 3.5 million.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
