Jim Cramer Says “I Think Meta Has a Terrific Quarter”

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks on Jim Cramer’s radar recently. A caller’s top five holdings were Meta, Microsoft, Walmart, Valero, and AbbVie, and they asked if their portfolio is diversified or not. In response, Cramer said:

“Okay, so Valero, the margins are really good right now with oil versus gasoline. So I think Valero’s going to work big. That’s next week. AbbVie has made every single quarter in the last two years. It’s been remarkable. I think it goes to 250. Walmart goes back to 110 when they report. They don’t report next week. I think it’s fantastic. We got drug, we have retailer, we have gasoline. Okay, now, Microsoft and Meta, are they together? They absolutely are. They’re two techs.

I’m trying to figure out how to do this in my own head…. I think Microsoft has a great quarter, and I think Meta has a terrific quarter. I’m willing to bless that to be able to own the quarters because I’ve been trying, since my book came out, to deal with the fact that so many people have two mega caps, and I can’t just tell them, sell a mega cap because you have too much tech. It’s not going to work like that anymore. 30% of the stock market… is mega. We have to deal with that.”

Photo by Alexander Shatov on Unsplash

Meta Platforms, Inc. (NASDAQ:META) develops products that help people connect and communicate through social media, messaging apps, and virtual, augmented, and mixed reality devices.

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Disclosure: None. This article is originally published at Insider Monkey.