Jim Cramer’s 5 Stock Calls: Alphabet, Amazon, and Tech Earnings Recap

In this article, we will look at Jim Cramer’s 5 Stock Calls: Alphabet, Amazon, and Tech Earnings Recap. Please visit Jim Cramer’s 20 Stock Calls: Microsoft, SoFi, and Tech Earnings Recap, if you’d like to see the extended list and methodology behind it.

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

Meta Platforms, Inc. (NASDAQ:META) was among Jim Cramer’s stock calls on Mad Money recently as he recapped mega-cap tech earnings. Cramer highlighted the company’s increased capital expenditures outlook and said:

Now, call me confused when it comes to Meta. I’ve been mulling it over before I came out here. I know they announced they upped their capital expenditures by $10 billion. And you know what? When you do that, all I have to say is [don’t buy, don’t buy, don’t buy]. But then again, they did have the fastest revenue growth in five years, so maybe they should spend. But then again, I’d like to see more justification of that spend. But then again, I absolutely like that the revenues were up 33%. You see what I mean? Boom, boom, boom. I didn’t want that, though. I just wanted there to be boom, right?

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.