Facebook Has More Than 30 Billion Reasons to Love It
Facebook is a good stock to own for a number of reasons.
Amid a report in The Wall Street Journal about Facebook's (FB) - Get Meta Platforms Inc. Class A Report plans to spend some $1 billion on original content, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said this is another reason to own the stock.
"It remains a core position for Action Alerts PLUS," Cramer said. Cramer added that Facebook's strong cash pile -- now more than $30 billion -- is another key consideration.
Facebook shares are up 51% since the start of the year.
Scroll to Continue
TheStreet Recommends
Facebookare holdings in Jim Cramer'sAction Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells FB? Learn more now.
More of What's Trending on TheStreet:
- Amazon Has This Logical Acquisition Sitting Right in Front of Its Face
- Hurricane Irma Spurs Price Gouging Accusations at Happiest Place on Earth Disney
- Apple iPhone X Likely to Ship in October, JPMorgan Says
- Disney World Closes for Just the Sixth Time Ever Due to Hurricane Irma
