Was Jim Cramer Right About These 23 Stocks?

19. Meta Platforms Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 262

Meta Platforms Inc. (NASDAQ:META) is the parent company of Facebook, Instagram, and WhatsApp, and a leader in AI-driven advertising. Cramer praised Meta at the time for its cost-cutting and strong revenue generation.

“When you fire a lot of people and your revenues go higher, that’s Max leverage. So Meta is now printing money, and if TikTok gets banned, of course the stock could go to the moon.”

Meta Platforms Inc. (NASDAQ:META) has appreciated by 17.64% since being mentioned in that episode, being one of the best performers among the “Magnificent 7”.

Jim Cramer remains bullish on Meta Platforms Inc. (NASDAQ:META). Here’s what he said more recently on the 14^th of March:

“The most offensive is Meta, because even though that does have advertising revenue, he’s completely crushing it. Mark Zuckerberg’s crushing it. And by the way, the Adobe thing was very interesting. The Adobe led, that stock was down huge. And one of big the reasons I think why I think is that you can go to Meta, and they can design anything for you. You can go to TikTok and they can, they don’t really help you, but Meta can do many things. And I think people go back to the conference calls and realize he owns, he’s really very much in control of the situation.

“[On concerns about the advertising market] There are. But again, people don’t realize that when you have a situation where you think everybody is, you’re not getting good ROI in your advertisement, you just circle the wagons, you get out of radio, you get out linear TV as fast as possible. And you go to, you go to Amazon, you go somewhat to YouTube. And you go to Mark Zuckerberg. And you go to TikTok.”