Jim Cramer Discussed These 12 Stocks Recently

5. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 64

A caller asked Cramer’s thoughts on Palantir Technologies Inc. (NASDAQ:PLTR), and he said:

“Well… Alright, so Palantir is a company that frankly is a meme stock, but it does have some good science to it, some good tech to it, and I’m going to tell you, you can buy it.”

Palantir (NASDAQ:PLTR) develops software tools designed for advanced data integration and strategic decision support. It is worth noting that Cramer extensively commented on the company in February, as he said:

“But Palantir’s stock is getting clobbered because it just had a parabolic move and right now this data analytics company needs a huge noisy client win. Karp needs fellow promoter, Elon Musk to hire Palantir to reform the Pentagon. This stock rallied to $125 at its highest last week. It’s now at $90 and change. Is this an all the king’s horses stock? No, not at all.

It’s just that something needs to happen good at Palantir, some big contracts, some big win, not just a book tour. Anything that can reset the narrative because the potty mouth, CEO is saying that, that he’s all about lethality and ontology… I’m sure that if you hire Palantir, it’s like hiring the Spartans and your company’s opponents are gonna dine in hell. Very compelling stuff but it doesn’t tell you much about the earnings power, which is what I care about.”