Was Jim Cramer Right About These 12 Stocks?

9. Meta Platforms Inc. (NASDAQ:META)

Number of Hedge Fund Investors: 239

A caller asked about Meta’s outlook over the next 1-2 years, and Cramer acknowledged that the stock is facing selling pressure despite its strong fundamentals, saying:

“The problem with Meta right now is it’s gone up so much that people are just selling Meta to buy a lot of stuff in the small and medium-sized range.”

Cramer thinks this trend isn’t going to change anytime soon, regardless of what Mark Zuckerberg says.

“Just be aware that the stock’s in the doghouse right now, and it could come out of it only if it gets even cheaper.”

However, the stock hasn’t gotten any cheaper since then. In fact, it has risen by more than 50% since Cramer’s comments.

In fairness, Jim Cramer has also changed his stance on the stock since then, having praised the company and its CEO Mark Zuckerberg in a more recent episode, saying:

“The second wild card, Meta Platforms. I think the company will talk about dominance, visceral, raw dominance, both on the top and the bottom line. Lookout, TikTok, you think you’re so darn hot, but Mark the Hunter Zuckerberg has you in his sights. I for one am glad that Zuckerberg’s an American.”