Jim Cramer Discusses These 11 Stocks & Says There’ll Be A “Good Reason To Buy Stocks” Soon

8. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders In Q4 2024: 64

Palantir Technologies Inc. (NASDAQ:PLTR) is one of Jim Cramer’s most frequently discussed stocks. Over the course of the year, the TV show host has praised the firm’s CEO Alex Karp, wondered whether it’d be better to rename the ticker to KARP, and cited Palantir Technologies Inc. (NASDAQ:PLTR)’s potential to benefit from Elon Musk’s push to reduce spending at the Pentagon. He has also been a long-time supporter of the stock and had predicted the shares would touch $100 before they did. Here are his latest comments about Palantir Technologies Inc. (NASDAQ:PLTR):

“[On William Blair’s recent note] Again, what’s happened, there were three really big sell, uh, I’d say horrendous antipathy by three analysts. And two folded and now the third folds. And now Alex Karp is able to sell more than two billion dollars worth of stock. That’s, you know he’s got a lot of stock. Uh, but I do think that this is once again people saying wait a second they weren’t hurt by government cutbacks. They could be enhanced. My belief has always been that when they get to the Defense Department, Musk will say to Alex Karp. Fix it. Make it more effective. Make it more lethal. And that’s what’s gonna happen.”

“Yes they are the beneficiary of DOGE. People thought they were gonna be someone hurt by DOGE. . . “