Cramer says Netflix's plunge shouldn't scare investors about the overall market [CNBC]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: CNBC
Cramer said he doesn't believe Netflix's disappointing results are analogous to any other firms. “If we're selling because Netflix ... most of the companies aren't Netflix,” The “Mad Money” host said. Jim Cramer: I'm looking for things to buy, we're putting money to work 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 being inflated. Th
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MRVL
Earnings
- 3/7/24 - Beat
MRVL
Sec Filings
- 4/19/24 - Form 144
- 4/17/24 - Form 4
- 4/16/24 - Form 4
- MRVL's page on the SEC website