Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer looked at recently. Cramer mentioned that the stock “mystifies” him, as he said:
On Wednesday of last week, we got results from Meta, Microsoft, and Tesla… Let’s take them on one by one. Start with Meta, which initially got a lot of love, rallying 10% the next day. Makes sense. Mark Zuckerberg delivered a huge top and bottom-line beat. More importantly, he explained exactly how Meta’s AI investments are already helping to make their core advertising business more profitable. I like that. Of course, he still projected $115 to $135 billion of capital expenditures for 2026, but that goes down easier with an explanation, and the guidance for the current quarter was excellent. Basically, Meta gave us enough reason to believe that its investments are worth it, so it got a positive reaction at first. Now, since then, the stock has slid lower in five out of six sessions, including a 1.3% decline in today’s otherwise positive tape. That was surprising to me. At this point, Meta has now erased all of its gains from last Thursday and then some. But as I see it, that just means you’re getting the quarter for free. Remember, we enthusiastically own this one for the Charitable Trust. It actually mystifies me. I just think this one’s a buy.
Photo by Timothy Hales Bennett on Unsplash
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 products in virtual and augmented reality.
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Disclosure: None. This article is originally published at Insider Monkey.
