Jim Cramer Discusses These 10 Stocks & President Trump’s Tariffs

6. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders In Q3 2024: 43

Palantir Technologies Inc. (NASDAQ:PLTR) is a data analytics company that is one of Jim Cramer’s most commonly discussed stocks. He has praised the firm’s CEO Alex Karp multiple times this year and believes that Palantir Technologies Inc. (NASDAQ:PLTR)’s ability to reduce procurement costs could end up allowing it to play a key role in Elon Musk’s push to cost-cutting at the US Department of Defense. These remarks were made ahead of Palantir Technologies Inc. (NASDAQ:PLTR)’s latest earnings, following which the stock soared by 22% the next day:

“Notice this David, little head and shoulders, reverse head and shoulders developing. Okay so he reports tonight. Now, we’ve been hearing a lot about what DOGE and what DOGE is doing. And one of the things they’re trying to do is figure out how to do procurement in a cheaper way. Well that is what Alex does. . . but they are unbelievable at procurement. Now, this is up three hundred and seven percent. This is the ultimate meme stock. They won’t even let it come down. At four o clock David they were propping it up. It wasn’t Samson, it was Prometheus. And I do think that when you see the quarter you’re going to hear some great verbiage from Alex who I think might still curse, that’s why he doesn’t like me. In 2022 he cursed and I pointed that out and it stuck with me and he also thinks I’m an idiot that also hurts. But I will tell you that this is the one to watch because they’re gonna prop it up again. And this is the ultimate retail name. . . .some people think he’s a pied piper, I don’t. I think he’s the real deal. He’s kind of a Musk when it comes to procurement. And he’s got a lot of other things. He did data, he’s warp, some warp, he does a lot of things with Israel, won’t tell me what they are. Warp Speed, he’s the man behind that. And he’s the man behind the curtain. And I do think that in the end he’s going to say things that are gonna make it so you wanna buy the stock.”