Jim Cramer on Meta: “If the Stock’s Going to Turn Around, It Needs a New Catalyst”

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer put under the microscope. Cramer said that the company “needs a new catalyst,” as he remarked: Why don’t we start with Meta Platforms, which saw its stock plunge 11% last time it reported in late October, and it’s now down almost 16% from its August highs. At these levels, Meta is selling for less than 23 times this year’s earnings estimates, making it look pretty darn cheap. But if the stock’s going to turn around, it needs a new catalyst ...