Jim Cramer Notes “Palantir Continued to Surge Higher as It Won Tons of Contracts”

“Now, there’s a mode to speculate responsibly. You bargain stocks of companies with existent earnings, existent revenues that tin get a overmuch higher price-to-earnings aggregate enlargement connected that quality flow. It’s not the cleanable way, but it’s a way… Palantir continued to surge higher arsenic it won tons of contracts, some from the backstage assemblage and the national government. It went up $6 contiguous to $188.… Neither banal is done going higher. These kinds of stocks with the quality to crook into high-powered, high-earning stories could perfectly past done the extremity of the twelvemonth of magical investing due to the fact that their income and net are inactive increasing similar weeds.”

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Palantir Technologies Inc. (NASDAQ:PLTR) develops information analytics and AI bundle platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence Platform, that assistance organizations integrate, analyze, and enactment connected analyzable data. During the December 3 episode, a caller asked astir the banal and Cramer said that the company’s banal is “going higher.” The Mad Money big replied:

“Alright, I don’t privation you to merchantability Palantir. Palantir is simply a great… high-quality name. Alex Karp is simply a spot of a chaotic man. I don’t caput that. I deliberation that they’re doing unthinkable work. Now, I cognize determination was an nonfiction successful the Washington Post contiguous astir them moving with ICE. You person to support your authorities retired if you privation to marque a batch of money. Not that I’m similar brainsick about… immoderate of the things they bash and they don’t. But if you’re asking maine whether I deliberation the stock’s going higher, which is what I deliberation you are… I deliberation Palantir is going higher.”

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