Business

Jim Cramer advises buying FAANG stock the next time analysts say it’s not worth investing in.

Investors should buy FAANG stock the next time it drops and analysts turn bearish, CNBC’s Jim Cramer said Friday.

When analysts say FAANG shares are not investable, “this would be the perfect time to buy,” he said. FAANG is Cramer’s shorthand for Facebook parent Meta, Amazon, Apple, Netflix, and Google parent Alphabet.

Cramer said that while analysts tend to praise big tech stocks in weeks like this when there’s little news about them, investors should beware of analysts who turn the other way and churn out. greatly exaggerated” reports of unsuitability for investing in stocks when prices fall.

The Mad Money host also talked about the latest developments in each of the FAANG companies and shared his opinion on each promotion.

Meta

Cramer said that CEO Mark Zuckerberg’s strategy of honing drums to beat rival TikTok “could add fifty points to the stock.”

Amazon

Cramer said that after looking at “the earnings of their web services division and their advertising business”, he believes the stock is “ridiculously undervalued”.

an Apple

Apple’s subscription service, which will reportedly launch later this year for the iPhone, will allow them to “easily calculate the lifetime value of their subscribers, which will show Wall Street that the stock is worth a heck of a lot more than we are.” is currently paying for it,” Kramer said.

Netflix

companies recent acquisition from Boss Fight Entertainment, its third game studio, shows that “Netflix promised a whole set, and that’s exactly what you’re getting,” Kramer said.

Alphabet

Google recently updated app store terms and conditions which offers third-party billing for app developers, “means a lot of content creators will quickly sign up with Google and make tons of money,” Cramer said.

Disclosure: Cramer’s Charitable Trust holds shares in Alphabet, Amazon, Apple and Meta.

Login Now for CNBC Investing Club to follow Jim Cramer’s every move in the market.

Denial of responsibility

Questions for Kramer?
Call Kramer: 1-800-743-CNBC

Want to dive into Kramer’s world? Hit him!
Mad Money TwitterJim Cramer TwitterfacebookInstagram

Questions, comments, suggestions to the site “Mad Money”? [email protected]




Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button