There's no way to relate Meta to interest rates, says Jim Cramer

Market Overview - The stock market experienced a significant rally with the Dow rising by 646 points and the S&P 500 advancing by 1%, while the NASDAQ, heavily weighted with tech stocks, declined by 26 points [2] - Following a recent Federal Reserve rate cut, money managers shifted their investments towards stocks that would benefit from lower rates, leading to a sell-off in tech stocks [3] Impact of Rate Cuts - Lower interest rates are expected to boost consumer spending, particularly benefiting discretionary sectors such as cruise lines and retail [4] - Home improvement and construction sectors are also anticipated to thrive due to lower financing costs, with companies like Home Depot seeing positive movement [5][6] - Industrial stocks typically respond favorably to rate cuts, with companies like 3M, DuPont, and Dover showing gains [8] Sector Performance - Transportation stocks, including JB Hunt and FedEx, are expected to perform well in the days following a rate cut, with FedEx potentially experiencing a breakout quarter [9] - Banks are shifting focus from net interest income to lending potential, with Wells Fargo and Capital One highlighted as favorable options [10][11] Company-Specific Insights - Apple, Meta, and Tesla, which have only seen a 10% increase this year, are not expected to benefit significantly from lower rates, with Apple viewed as an underperformer in the current market [14][17][19] - Meta's stock performance is described as listless, with the company needing to communicate its value proposition more effectively [18] - Tesla is transitioning from an auto manufacturer to a tech leader, with its stock performance becoming less correlated with traditional auto industry metrics [19] Investment Strategy - The current market environment favors stocks that are direct beneficiaries of rate cuts, leading to a general decline in tech stocks as money managers focus on sectors like industrials and banks [21][22] - Investors are advised to follow the flow of capital in the market, as hedge funds tend to move in unison, impacting stock performance [23][30]