Jim Cramer’s List of 16 Stocks to Buy Right Now

7. Palo Alto Networks, Inc. (NASDAQ:PANW)

Number of Hedge Fund Holders: 83

Palo Alto Networks, Inc. (NASDAQ:PANW) is a global leader in cybersecurity solutions, including firewall protection and threat detection tools for enterprise networks. Cramer named it alongside CrowdStrike as a core holding in his charitable trust, stressing that the cybersecurity space still has massive room for growth. Here’s what he said:

“I happen to like Palo Alto Networks too because there’s just so much work to do in this space. It’s why we own both CrowdStrike and Palo Alto for the charitable trust and I never violate my diversification rules. These two stocks are too good!”

Like CrowdStrike, Jim Cramer owns both of the cybersecurity stocks for his charitable trust. Here are his previous comments on Palo Alto Networks, Inc. (NASDAQ:PANW):

“Finally, they’re a little pricey but I want to own some cybersecurity companies, and the trust owns two of them because they can’t really be tariffed and they have no natural enemies, including states that have sided against us in the trade war. For the cybersecurity firms, countries with state-sponsored hackers like China, they are an annuity stream. We have not one, but two for the trust, as I mentioned, Palo Alto, PANW, and CrowdStrike, CRWD. And I’ve got to tell you, either one is just terrific. Just terrific.”