Jim Cramer Says the Big Issue for Netflix Is Expectations, Not HBO

Video streaming company, Netflix, reported third quarter revenue and income that were in line with expectations but the company added far fewer subscribers than analysts were expecting. That sent shares plummeting. Jim Cramer says the big issue for Netflix is that expectations were raised in the last few days by Rich Greenfield of BTIG. Cramer adds that Netflix is a cold stock and when you have a cold stock and it misses you have to wait for another quarter before it can come back. For that reason, Cramer says he cannot recommend the stock. Netflix says price increases contributed to the low number of new subscribers in the third quarter.