Cramer: Time to buy, buy, buy these stocks

One quick look at entertainment stocks, specifically the content providers, and you will see that they are killing it right now on the market.

Jim Cramer thinks that the reason is a transition away from cable boxes, as more consumers are streaming their favorite shows.

"If you have good content, then you have more ways than ever to make a killing in the entertainment business because there are just so many platforms out there," said the "Mad Money" host.

It's no wonder these stocks are leading the pack right now. Cramer turned to Bob Lang, founder and senior strategist at explosiveoptions.net to interpret the charts. As suspected by Inspector Cramer, Lang confirmed that this stock breed is indeed a winner.

Lang's favorite was Time Warner. This company is helping to cut the cord in a big way with the launch of online only HBO Go. Lang thinks that Time Warner has the best chart of the bunch, showing that its rebound in the market was powered by heavy volume. That means that the big financial institutions are buying the stock by the fistful.

The key, added Lang, is the $78 level. That is roughly $1 from where it is trading. If it can break above the ceiling of resistance at $78, then it will have plenty of upside ahead.

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Disney, Cramer's fave pick, is also cutting the cord with a deal to watch ABC and ESPN online. Lang noted that the stock has been coming back, and the Moving Average Convergence Divergence line (MACD) is showing that the black line will cross over the red. In short, that means Lang thinks this is a terrific buy signal.

A few other stocks on Lang's bullish radar are Viacom and Twenty-First Century Fox.



However, Netflix? Forget about it. This stock nearly fell off a cliff when it reported disappointing earnings last week. Cramer thinks this is an important lesson about charts. Lang recommended the stock back in August when the technicals were still strong, before it disappointed.

"This chart shows you one of the dangers of technical analysis, which is that when the fundamentals start controlling the action, then the charts stop being helpful," Cramer said.

However, the charts—as interpreted by Bob Lang—show that these stocks will keep roaring, especially Time Warner. When it comes to media plays, content is king which is why these stocks are on fire right now. It's time to buy, buy, buy in Cramer's eyes.

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