Facebook (FB) - Get Meta Platforms Inc. Report , Microsoft (MSFT) - Get Microsoft Corporation Report , and PayPal (PYPL) - Get PayPal Holdings Inc. Report all report earnings after the bell on Wednesday.
Jim Cramer breaks down the key metric that Jim Cramer is keeping his eye on when these companies report.
"Facebook, you want new advertisers. Not what people are thinking. New advertisers," Cramer said.
He added, "The reason I just said new advertisers, is what I'm saying, is that I think they lost no advertisers and actually picked up advertisers. During this period, they've been savaged in the dead tree press and I think they'll make that story tonight."
"Microsoft Azure Cloud, all I care about," Cramer said.
"All right, PayPal, you want to be able to see Venmo and monetization," Cramer said.