Jim Cramer says these three Big Tech stocks have ‘nowhere else to go but up’

Jim Cramer told investors on Tuesday that some stocks have fallen so far from their highs that they will rally.

I think they have become metaphors for a whole host of stocks that are ready to rally because they have nowhere else to go.

Cramer named Amazon, Facebook and Meta Platforms as three members of his FAANG acronym. The other FAANG companies include Apple.

Cramer believes that the threelosers will rally.

Amazon.

Cramer thinks that the company could increase its stock valuation if it culled warehouses and workers, took a more aggressive approach to retail advertising, and kept its Amazon Web Services robust.

Amazon could earn $82 a share in 2024. He said before you laugh about me using estimates, remember that it is almost half over.

Meta is a platform.

Cramer said that he has faith in the vision of the metaverse, noting that other leaders are also betting big on it.

There is an alphabet.

Cramer said that the company is insulated from getting dragged down when other tech companies don't perform well.

Cramer's Charitable Trust owns shares of several companies.