Jim Cramer Had These 21 Stocks on His Radar

7. Palantir Technologies Inc. (NASDAQ:PLTR) 

Number of Hedge Fund Holders: 77

When a caller asked Cramer about Palantir Technologies Inc. (NASDAQ:PLTR), he stated:

“Palantir’s just plain out expensive, but there you can use a rule that tells you about growth versus margins. And it turns out to be much less expensive than a lot of other companies because the growth is very good and the margins are high… Although Palantir’s a little too speculative for me.”

Palantir (NASDAQ:PLTR) develops software that helps organizations analyze and interpret large data sets to support key decisions, using platforms such as Gotham, Foundry, Apollo, and its AI system. Early May, discussing the company, Cramer stated:

“The ultimate meme stock for the moment is this company called Palantir, which reports. It’s a cybersecurity company. Now this one’s moved up by persistent retail buying that starts around 4:00 AM every day when they literally walk it up a couple of points before the bell and then continue to keep it at that level until the close.

It’s possible the story’s not as big as the hype or the hope, but we know that Palantir’s got a constituency of retail buyers that just won’t quit. I don’t know if they’ll quit when they see the number.”