Netflix and Spotify show strong performance expectations
On Monday, CNBC's Jim Cramer discussed a positive outlook for Netflix and Spotify, based on analysis from chartist Bob Lang. Cramer believes these companies can thrive despite economic uncertainty. Cramer noted that both Netflix and Spotify benefit from subscription models, which provide stability. He mentioned Roku as a potential player that could stabilize its performance in the coming weeks. According to Cramer, Netflix remains a leading player in the streaming market. He highlighted its strong performance this year compared to other tech companies. Recent charts show that Netflix's stock has been increasing on high trading volume, a sign of real growth. Cramer also examined various indicators that can predict stock performance. He pointed out that Netflix's Moving Average Convergence/Divergence line recently crossed positively, a strong indicator for investors. Additionally, the Chaikin Money Flow suggests that major investors continue to show interest in Netflix stock, indicating slightly bullish buying pressure.