Jim Cramer Suggests “Let’s Keep Palantir”

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks on Jim Cramer’s radar recently. Mentioning that they have a penchant for risk, a caller asked whether their portfolio is diversified, if their top five holdings are Tesla, MP Materials, Palantir, CrowdStrike, and GE Vernova. Cramer commented:

“Man, I’ll tell you… Palantir… When it was 50, I said it was going to 100. When it was 100, I said it was going to 150. When it hit the 150, I said it’s going to 200. Yes, sold. Let’s keep Palantir. Tesla, they were selling it yesterday because they didn’t, hadn’t read the conference call. It was the thing of beauty. GE Vernova, well, we know I like that. The stock’s not doing that well right now. What an opportunity. CrowdStrike, had George Kurtz on the other day. Cybersecurity, it’s got its own category. He’s doing terrifically.

MP Materials, yes, we need rare earth. Let’s not just go into the bad rare earth. This is the only one because this has Mountain Pass, where we have a rare earth, and it’s already been discovered. So, I’m going to put this under defense now. Get that, defense. And I’m going to put Palantir, software. Tesla as robots, no longer thinking cars. GE Vernova as turbines. CrowdStrike as cybersecurity. My God. Now, he may eat risk for breakfast, but I’ll tell you, he’s going to be eating money for lunch.”

Photo by Adam Nowakowski on Unsplash

Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms that help organizations analyze complex data and make operational decisions.

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Disclosure: None. This article is originally published at Insider Monkey.