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Stock Market Today With Jim Cramer: Buy Facebook Stock

Sofia Mendela by Sofia Mendela
December 17, 2020
in Latest, News
2 min read
Jim Cramer
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Jim Cramer is required to disclose any positions he holds in a stock that is discussed on the show and is not allowed to trade any security he has spoken about on CNBC for five days following the broadcast.

Facebook is a key holding in Jim Cramer’s Action Alerts PLUS member club. The ultimate e-commerce stock? No, not this DoorDash, (DASH) – Get Report which they can’t get open. They’re talking about they’re almost being double. I would not want you in that, almost double. I want you to be a seller, not a buyer. If you’ve got anything, you can cut the call off, go sell some DoorDash and come right back. 

But the ultimate e-commerce stock? I think that’s Facebook,  (FB) – Get Report which has developed into a method for more small businesses to be able to become big business than just about any institution in the world.

I think that as a social site it has more than its fair share of issues. But you have to admit that ever since they embraced the cause of small business and kept it front and center during all sorts of investigations, they’ve become a much more investable institution.

I think there’s so much more they can do with Instagram and with the broader ability to be the next PayPal  (PYPL) – Get Report or even bitcoin, let alone making money with WhatsApp and Oculus. The future is astoundingly bright for them.

When you ask the management of any company that has products that it wants to sell to consumers, they always say they want to reach them via digital. Now, that Facebook has a better reputation, these same companies would say we want to reach them through Facebook or Instagram.

The Federal Trade Commission told nine tech companies including Amazon  (AMZN) – Get Report and Facebook  (FB) – Get Report to share information about how they collect and use data from their users, the agency said Monday.

Cramer said people should recognize that if you’re on social media you have no right to privacy under the constitution. “These people are trying to make it so that there is some privacy to what you do. If a user is posting it’s at their own risk. I don’t think any of this matters. What matters is what’s going on between Facebook and the FTC and people have already forgotten about that. That’s just the way it works. These things take forever and in the interim nothing happens. [Facebook is a] good buying opportunity.”

But, given the company’s growth potential relative to its valuation, I think the Facebook stock remains a buy. Earnings growth may slow dramatically in 2021. However, given the valuation and continuing growth prospects, Facebook offers tremendous value

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