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CNBC’s Jim Cramer said Friday investors should remain calm about the overall stock market despite Netflix‘s worst single-day decline in years, which was wiping out gains back to April 2020.
Netflix, at its lows of the day, was down more than 25% to roughly $380 per share, following slowing subscriber growth numbers after the bell Thursday. The company did beat estimates on fourth-quarter earnings. It matched expectations on revenue.
Cramer said he doesn’t believe Netflix’s disappointing results are analogous to any other firms, and the streaming video giant’s ensuing stock slide has not stopped him from looking for names to buy.
“Think about a year ago when the [market] bubble really was…
Source cnbc.com
