What Cramer is watching Thursday — Meta meltdown, Honeywell solid, Ford cash strong

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What I americium looking astatine Thursday, Oct. 27, 2022

Money is coming retired of tech to everything else. Dow futures up and Nasdaq futures down. Better-than-expected third-quarter GDP: 2.6% maturation aft 2 quarters of contractions. Some bully quality connected the ostentation beforehand successful the report. But much enactment for the Federal Reserve and the marketplace hasn't budged from predicting a 4th consecutive gathering of a 75-basis-point involvement complaint hike. The Fed meets adjacent week.
Meta Platforms (META): I made a mistake, and I was wrong. I trusted this absorption squad and that was ill-advised. Gone rogue. I got had. Horrifying escaped currency travel of little than $1 cardinal astatine the Club holding. Last twelvemonth $9.5 billion. The hubris present is extraordinary. Bought backmost $6.5 cardinal of stock, suboptimal. Shares of the Facebook-parent getting crushed, down astir 23% to astir $100 successful the premarket. As we wrote Wednesday evening aft the mixed 4th and airy guidance, it's nary wonderment the banal is down truthful much, with CEO Mark Zuckerberg obsessed with spending connected the metaverse.