5 Stocks on Jim Cramer’s Radar: Berkshire, Palantir, and Eaton

2. Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer said that he believes that the company’s business “remains strong,” as he commented:

We get results from the most colorful company in the market, Palantir Technologies. I believe their business remains strong, but this market has lost its taste for very expensive software and software-like companies, which is how people view Palantir, even as it really is a one-of-a-kind consulting firm. I don’t think even a fiery Alex Karp can change stock direction, although it was up nicely with some of the other software companies today. I wouldn’t trade it as I think Palantir is, it’s just an excellent book of business, a lot of satisfied customers. I would own it.

Palantir Technologies Inc. (NASDAQ:PLTR) develops data analytics and AI software platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence Platform, that help organizations integrate, analyze, and act on complex data. During the April 30 episode, a caller asked if Cramer sees any catalysts for the company, and he responded:

Oh, okay, I’m glad you asked about Palantir. See, I’m looking at Palantir as a longer-term investment. It did have, look, it shot up… went to $150, it did that. Went to $200, did that. Came back down. But nothing’s changed in terms of how great they are. And I know that it’s difficult to say, hey, let’s buy a stock at $200 because it’s great. But I will tell you that this company is firing on all cylinders. It’s just the stock right now acts as if, well, it’s done, and it’s not done at all.