Jim Cramer Sounds the Alarm on China Rhetoric and Dollar Panic Then Analyzes 11 Key Stocks

8. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund holders: 64

In a segment that blended sarcasm with market skepticism, Jim Cramer mocked a friend’s bearish view on Palantir Technologies Inc. (NYSE:PLTR), while also acknowledging its momentum-driven rally. Despite the joke, Cramer implied the stock has become more about hype than fundamentals. Here’s what he said:

“I agree, and I noticed that “Planter”, as one of my friends called it the other day, I’m shorting Planter because I think Planter, and I’m thinking like Planter, like Planter fascist? Palantir, they were trying to say. Palantir is just moving up and moving up. It’s back. It’s making its move. Alex Karp, any minute now, is going to come out and tell us how he’s great and you’re not.”

Last week, Jim Cramer advised his viewers to not sell the stock of Palantir Technologies Inc. (NYSE:PLTR) during the market drawdown, saying:

“But then I don’t want anybody to think that I think it’s time to sell Palantir. Palantir can go to 40, I don’t know.”