Jim Cramer Suggests ‘Gunboat Diplomacy’ For China & Discusses These 7 Stocks

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders In Q4 2024: 262

Meta Platforms, Inc. (NASDAQ:META), like other big tech stocks, has struggled this year. The stock has lost 16.5% year-to-date, and it has been on a downward spiral since mid-February as the shares have lost 32% since then. Economic concerns have weighed on Meta Platforms, Inc. (NASDAQ:META)’s shares as investors worry that a potential recession could lead to lower advertising spend harming its revenue. Here’s what Cramer said:

“Meta who knows, that guy’s on trial. Whatever, how long’s that going to go on. He gets hurt by the, Mark Zuckerberg gets hurt by this De Minimis that the advertising for Temu and Shein cut back.”