Jim Cramer’s Game Plan for This Week: 16 Stocks in Focus

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

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) was part of Cramer’s game plan, and he commented:

“After the close, alright, here we go, Meta Platforms and Microsoft, both important, and the Street’s really split on these two. So many are worried about Meta’s advertising business, but I think Alphabet’s incredibly robust ad business should put those fears to rest.”

Meta Platforms (NASDAQ:META) develops products that support global communication through platforms like Facebook, Instagram, Messenger, and WhatsApp. The company also produces hardware, software, and content for augmented and virtual reality. In early April, Cramer said:

“Meta, 27 points, it’s up. Now, but then you look at it, you say, oh, wait a second. Meta was at 740, now it’s 540. Let’s keep buying Meta. And that’s what’s going on in people’s heads. Down too much from the high. [talking about advertising going down in case of a recession] So I would say at 500, that has the advertising going down. This is priced in. Costs of building; priced, because that cost comes down.”