7 Stocks on Jim Cramer’s Radar

3. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 43

A caller asked if they should hold on to Palantir Technologies Inc. (NYSE:PLTR) stock or not and here’s what Cramer said in response:

“No, no. You hold it, you hold it and when it crops back down, you buy back the stock that you sold because this company is a winner. They have really smart people and a lot of good contracts. It’s the best data analysis company in the world, Palantir.”

Palantir (NYSE:PLTR) is a top provider of software solutions designed for intricate data integration and decision-making, catering to both government and intelligence agencies, as well as commercial clients. Previously, Cramer has called PLTR a “cult stock” but in early January, he noted:

“Most obvious winner for 2024, Palantir, the defense software company trying to revolutionize the way the Pentagon works. Its CEO Alex Karp is a brilliant bad boy Smash Mouth Philly guy who’s like a meaner version of Elon Musk and probably threw snowballs if not batteries at Santa Claus from the lower level of the link.

I think Palantir, up 340% for 2024, can have another breakout year because the Musk DOGE unit, Department of Government Efficiency, will work hand in glove with these guys. They’re all part of the same circle. They understand the procurement process. They will win a lot of business in 2025. Palantir, yes.”