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The Netflix naysayers were wrong



With the Dow Jones Industrial Average rising more than 500 points on Tuesday and beating last week's losses, CNBC's Jim Cramer was cautiously optimistic about the fate of the rally.

"Netflix reported unbelievable subscriber growth: 32 percent for the international, 62 percent stronger for domestic," said Cramer. "Well, that's crazy good."

Cramer added that Netflix's revenue not only provided "another fire" for the rally, but also proved that FANG ̵

1; its acronym for Facebook, Amazon, Netflix and Google, not Alphabet – was still there alive and kicked.

"If Netflix is ​​good, everyone at FANG – even the delayed Facebook that I kinda like now – will trade higher, they'll trade higher tomorrow," he said. "Congratulations to Netflix, others gave up, other people buried FANG, other people decided that FANG is dead, you know what? Wrong!"

Click here for more of Cramer's analysis on Tuesday.


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