5 Stocks on Jim Cramer’s Radar Like Microsoft, Apple and a Wave of Takeovers

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

Meta Platforms, Inc. (NASDAQ:META) was among the stocks on Jim Cramer’s Mad Money radar as he taught investors how to profit from the upcoming wave of takeovers. Cramer noted how people view the stock, as he said:

Third, Meta, down 11% this month. Meta is going out of style because it’s now viewed as nothing more than a pure advertising play… Again, false view, but right now, that does not matter. People do not want to own this stock. It is spending too much money, and we don’t know why. It hasn’t been explained well. What can Meta do? It has and is building a ton of data center power. I think Meta simply needs to say it’s going into the cloud computing Meta web services business. This can give you an instant 100-point gain, maybe more than that.

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and virtual and augmented reality products.