Jim Cramer: Netflix and Chipotle are What Young People Want

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Jim Cramer: Netflix and Chipotle are What Young People Want

Jim Cramer: Netflix and Chipotle are What Young People Want
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Jim Cramer: Netflix and Chipotle are What Young People Want

by TheStreet 0:48 mins

TheStreet's Jim Cramer believes Netflix and Chipotle are companies that are doing well because they are catering to what younger people want. Cramer says Netflix shares are trading lower on Tuesday because the video streaming site met Wall Street estimates, instead of blowing them away. When the stock goes down, maybe under $400, Cramer says take a second look at buying shares because it could be an acquisition target. Cramer thinks Netflix's $7.7 billion dollars in obligations is what is freaking people out, not the 50 million subscriptions. Cramer says Chipotle had the best restaurant retail numbers this year, a lot of it was because Chipotle is ‘natural and organic and young people like it,’ specifically teen males. Cramer calls it a remarkable quarter for a remarkable company.

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