Jim Cramer Looked At 20 Stocks, Including NVIDIA, Walmart, and Rocket Companies

13. Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. Holding an oversized 15% position in the stock, a caller asked whether they should further trim into strength to rebalance their portfolio or maintain the remaining stake, since it represents “house money” after recovering their initial principal. Cramer replied:

You’re going to let this one run. Now, Palantir is a perfect example of an incredibly good company whose stock got ahead. I, too, got ahead. When it got to $200, I got too bulled up. I had liked it all the way down from 50, but I’m not going away from the company. It just happens to be an expensive stock. But it is an amazing company, and I think you should hold on to the rest. And I always welcome anyone from Palantir to come on, including a first-year associate, since no one else will come from that place.

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.