Meta Platforms, Inc. faces challenges with stock decline and ad revenue impact
From Yahoo Finance: 2025-04-23 20:51:00
Jim Cramer discussed the potential actions of the Federal Reserve in response to President Trump’s tariffs. Trump denied plans to fire Fed Chairman Jerome Powell, citing historical context of current tariffs and Powell’s knowledge of the Great Depression’s causes.
Cramer mentioned that the recent stock market selloff made the term “Magnificent 7” irrelevant. He emphasized a shift to the “Wild Bunch” and expressed his views on AI being a winner-take-all market.
Cramer also mentioned the concept of gunboat diplomacy as a potential foreign policy approach. He suggested placing naval power in key straits like the Strait of Hormuz and the Strait of Taiwan to advance foreign policy objectives.
Meta Platforms, Inc. (NASDAQ:META) has faced challenges this year, losing 16.5% year-to-date and 32% since mid-February. Economic concerns and potential recession fears have impacted the stock, with Cramer noting the impact on advertising revenue.
Despite META ranking 3rd on Jim Cramer’s list, he believes that other AI stocks may offer higher returns in a shorter time frame. A report highlights an AI stock with promising potential and significant gains, trading at a low earnings multiple. 1. The stock market hit record highs today, with the S&P 500 reaching an all-time high of 4,500 points. This boost comes after positive economic data and strong corporate earnings reports.
2. Hurricane Ida made landfall in Louisiana as a Category 4 storm, causing widespread damage and power outages. Thousands have been evacuated and emergency services are working to provide aid to those affected.
3. The FDA has granted full approval to the Pfizer-BioNTech COVID-19 vaccine, making it the first vaccine in the U.S. to receive full approval. This move is expected to increase vaccination rates and boost public confidence in the vaccine.
4. California has become the first state to require all teachers and school staff to be vaccinated or undergo weekly COVID-19 testing. This decision comes as schools across the country navigate reopening during the ongoing pandemic.