Jim Cramer Picked 10 Stocks For His Fantasy Stock Portfolio

8. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 78

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer picked for his fantasy stock portfolio. Cramer highlighted the company’s strong Rule of 40 score and retail investor backing. He said:

“You gotta fill this flex spot with the most controversial stock maybe of our era, and that is Palantir. It’s also one of the great growth stocks… After pulling back in recent weeks, it’s still the second-best-performing stock in the S&P, more than doubling year to date. And the stock has an army of retail investors who seem inclined to view every dip as a buying opportunity. Although it’s been stuck in the 150s for a little bit here. The NFL equivalent is De’Von Achane… Regular viewers know that when we talk about this defense and enterprise software company, it has one of the best Rule of 40 scores, if not the best ever. It’s a unique way to measure software companies, and Palantir’s numbers are stunning. Now, both Palantir and Achane have risks. For Palantir, the risk is that the stock’s nosebleed valuation will catch up to it. Some people feel that that’s happening right now.”

Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms that integrate and analyze complex data, supporting intelligence, defense, and enterprise operations.