12 Stocks on Jim Cramer’s Radar Recently

8. Planet Labs PBC (NYSE:PL)

Number of Hedge Fund Holders: 41

Planet Labs PBC (NYSE:PL) was mentioned during the episode as a caller asked if they should stay with the stock or not. In response, Cramer stated:

“Okay, we’re not, ever since President Trump came in, we’re not recommending any stocks that are losing money. It’s just, life’s too short… That’s a whole new category, long, short, life’s too short. Planet Labs’ in that third category.”

Planet Labs (NYSE:PL) designs, builds, and operates satellite systems to deliver frequently updated geospatial data through its digital platform, offering tools for monitoring, analytics, and custom data integration. Meridian Contrarian Fund stated the following regarding Planet Labs PBC (NYSE:PL) in its Q4 2024 investor letter:

“Planet Labs PBC (NYSE:PL) is a data and analytics company powered by its constellation of 200+ satellites that capture daily images of the entire Earth. This provides the company with a unique dataset which they combine with custom imaging capabilities to build applications for commercial and government customers. We invested in 2022 when significant investments the company made for future growth impacted near-term earnings. During the quarter, Planet Labs’ stock outperformed due to rising market recognition that their cost-effective and efficient imagery solutions were well-positioned to increase penetration in the U.S. defense sector. Optimism was further buoyed by the prospect of the incoming administration pursuing cost-cutting and efficiency initiatives. We increased our position during the quarter, confident in Planet Lab’s capacity for sustained growth.”