Jim Cramer’s Latest Game Plan: 20 Stocks to Watch

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

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) is set to report its third-quarter earnings on October 30 and Cramer expressed confidence in the company’s ability to report another great quarter.

“After the close, we got… Meta Platforms and Microsoft. Meta reported a stellar quarter last time. I think they can do it again because the whole ad market seems to be going their way.”

Meta’s (NASDAQ:META) financial performance has been strong, primarily driven by a shift toward digital advertising. In the second quarter, the company’s advertising revenue reached an impressive $38.3 billion.

On October 28, The Information reported that Meta (NASDAQ:META) has embarked on developing its own search engine. According to the report, the company is seeking to create a system that can scour the internet for information, which will be utilized by its AI chatbot. This move is intended to lessen reliance on established search engines like Google and Microsoft’s Bing, which currently supply information on various topics such as news, sports, and stock data for users of Meta AI.

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