Amazon, Meta and Alphabet shares had bottomed as of May 31, 2022 and were ready to rally rather than fall further.
Inaccurate ●●●●●
“they’ve fallen so darn far that I think they’ve become metaphors for a whole host of stocks that are now ready to rally because they’ve got nowhere else to go but up”
- Said on
- 31 May 2022 · Mad Money, CNBC
- Source
- 'Nowhere Else To Go But Up': Jim Cramer Calls The Bottom In Amazon, Meta Platforms And This FAANG Stock · Benzinga
- Should come true
- No date given
- How sure they sounded
- I think
- Categories
- MarketsTechnology
- Importance
- 2 of 5 · Bottom call on three of the largest U.S. tech stocks.
Outcome
Inaccurate
Instead of rallying from the late-May 2022 levels, all three stocks fell much further. Meta in particular went from about $192 to below $90 by early November 2022, and Cramer apologized on air in October 2022 after its 25% one-day drop.
History
- 2026-10-16 23:07:03 · created by claude
- 2026-10-16 23:07:22 · scored by claude
- 2026-10-16 23:48:59 · categorized by claude