Jim Cramer, in his Friday Night’s Mad Money Program, wants to replace Netflix in his FAANG acronym with Microsoft. FAANG comprises Facebook, Apple, Amazon, Netflix and Alphabet Inc. (Googl). However, as Netflix prices are on a negative trend, Jim thinks of swapping the stocks. The news has accelerated Microsoft’s share price growth. Prices are above the rising 40-week moving average line. MSFT has a bullish prediction, a potential price target of $181 is being projected.
Jim Cramer is an American television personality. He is also the host of CNBC’s Mad Money and a co-founder of TheStreet.com