Cramer: Netflix (NFLX) Has Become 'Too Cool' Not to Have

Netflix (Nasdaq: NFLX) is trading higher Wednesday on strong volume and following positive commentary out of stock wünderkind Jim Cramer on Tuesday's "Mad Money."

Cramer noted that the "starts have realigned" for Netflix, a stock that was once loved, then hated, and is back to being loved again.

Netflix is winning on two fronts: production of original content and a sill-affordable price point. The combination has made Netflix a "cool" service for many.

Customers are also not abandoning Netflix, as some analyst predicted, and Cramer notes the new content from the company is leaving competitors like HBO "in the dust." He thinks analysts should have seen some of the value still locked in the stock.

Comments come following strong Q1 results posted earlier in the week, which also saw Netflix surpass HBO in domestic subs for the first time ever.

Shares are up about 1 percent.

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