Top 3 Growth Stocks for 2024 and Ultimate Investment Guide

By applying a reliable and consistent strategy anyone can build a portfolio that's tailored to their particular retirement goals. To make things easier we have assembled a brand new report on how to find the best stocks and industries to invest in, along with our 3 TOP STOCKS for 2024.

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

Jim Cramer Eats His Words On Palantir: Not A 'Real Company' A Month Ago, Now He's High On Profitability, Says Russia Should 'Look Out'

Adam Eckert
May 09, 2023

In early April, Jim Cramer picked Palantir Technologies Inc (NYSE:PLTR) apart, saying it's not even a "real company." One month later, he has completely changed his mind.

What Happened: Palantir announced an expansion of its partnership with Microsoft Corp (NASDAQ:MSFT) last month. Following the announcement, Cramer said the data software company focused on AI was really just a "series of press releases" made up for the "memesters."

He complained about Palantir CEO Alex Karp's use of foul language on conference calls and said the company would be a lot more legitimate if Karp would "stop dropping F-bombs."

Why It Matters: Following Palantir's strong quarterly report this week, Cramer changed his mind on the Karp-led company.

"I've been very critical of Alex Karp and not just because I thought it was totally unnecessary for him to curse on the conference call, but they had been losing money hand over fist," Cramer said Tuesday on CNBC's "Squawk On The Street."

"They made money, $17 million, and they actually forecast GAAP positive, and what they did is pivot."

See Also: Take That, Jim Cramer And Bill Gates! Joe Rogan Thinks The Cybertruck Is Great — Here's What He Says

Previously, Palantir didn't care about making money and the company was all about "world domination," Cramer said: "They did the pivot that we have all been hoping for. It was a clear pivot and I think the stock should be up."

In a letter to shareholders, Karp said he expects Palantir to remain profitable in each quarter through the end of the year. The stock was up more than 20% on the heels of the company's bullish forecast.

Cramer noted that he plans to take a closer look at the company now that it's actually making money. He expressed interest in what Palantir is doing for Ukraine in the ongoing war with Russia. 

From Last Month: Jim Cramer Says This Company Is 'The Secret' To Winning The Russia-Ukraine War, Warns Putin About WWII 'Replay'

He highlighted new AI technology that allows Palantir to "control the battlefield":

"Look out, Russia," Cramer said.

On a conference call with investors and analysts, Palantir said Ukrainian forces have been unleashing the company's AI products with incredible speed.

"The future has already arrived," the company said.

PLTR Price Action: Palantir has a 52-week high of $11.61 and a 52-week low of $5.84.

Palantir shares were up 21.9% at $9.43 at the time of writing, according to Benzinga Pro

Read Next: Early Palantir Investor Claps Back At Jim Cramer For 'Ludicrous' Comments, Says Palantir Stock Will More Than 'Triple'

Photo via Shutterstock. 

Continue Reading...

Popular

France's Macron tells Brazilian execs that prospective Mercosur-EU deal is 'terrible' and outdated

SAO PAULO (AP) — French President Emmanuel Macron told Brazilian executives on Wednesday that a proposed deal between the European Union and the South American trade bloc Mercosur is bad for both parties.

"Safe" Investors Who Don't Get Out of Cash NOW Could Lose Everything Over the Next Six Months - Ad

The next six months are going to be some of the most precarious times to invest in the history of the United States. Because for the first time, your money is at risk of being completely wiped out, even when you think it is safest. This bubble is on a schedule and to get out before your portfolio becomes shark bait, you need to...

'Heroes' scrambled to stop traffic before Baltimore bridge collapsed; construction crew feared dead

BALTIMORE (AP) — It was the middle of the night when a dispatcher’s 12-second warning crackled over the radio: A massive cargo ship had lost its steering capabilities and was heading toward .

Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

The Crypto Melt-up Has Begun - Ad

This crypto bull market is on the verge of a full-on panic. But not the kind that crashes prices. Instead, this appears to be a Melt-Up that drives Bitcoin and other cryptos into the stratosphere. Now, I've found a set of smaller cryptos that I think are going to soar in this crypto Melt-Up.

Why Is UPS Stock Shooting Higher Today?

United Parcel Service forecasts robust FY26 revenue of $108 billion - $114 billion, with adjusted operating margin expected above 13%. With anticipated free cash flow of $17 billion - $18 billion. UPS will host its investor and analyst conference today at its Worldport air hub in Louisville.

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer] - Ad

Bitcoin minted 100,000 millionaires and if you're not one of them, that ship has sailed. But there's another millionaire-minting crypto at our doorstep... research shows this coin could be 20X bigger than Bitcoin by the end of the decade. With crypto starting to heat up again, this could be the perfect time to get in.

Stock market today: Asian shares trade mixed after Wall Street closes near record finish

TOKYO (AP) — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates.

Top 3 Financial Stocks That May Plunge In March

As of March 27, 2024, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

TerrAscend Cannabis Co Shares Expansion Plans On Water Tower Research Podcast

Explore TerrAscend's 2023 financial success, strategic expansions in Ohio, and more insights. Join the Benzinga Cannabis Capital Conference!

Super-Billionaire Goes All-in on $3 A.I. Stock - Ad

I've been pounding the table on this $3 A.I. stock for weeks now. I believe we'll soon talk about this little-known stock in the same way we talk about Amazon, Tesla, and Nvidia now. This is without a doubt my #1 recommendation to buy today.

Wall Street's Most Accurate Analysts Say Hold These 3 Tech And Telecom Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

2 crew members die during 'incident' on Holland America cruise ship

FORT LAUDERDALE, Fla. (AP) — Two crew members on a Holland America cruise ship died during an “incident” in the ship's engineering space, the cruise line said.

The Gold Rush Is Back As It Nears ALL Time High - Ad

Gold stocks, including mining companies, ETFs, and royalty firms, offer investors varied exposure to the yellow metal's further potential after hitting a record high in 2023. With a growing portfolio and an experienced management, this natural resource company may be one of the most strategic entrances into the Bullion Boom.

Dutch hyperloop center aims to advance futuristic transport technology

VEENDAM, Netherlands (AP) — A 420-meter (quarter-mile) white steel tube running alongside a railway line in the windswept northern Netherlands could usher in a new era in the transportation of people and freight.

Former Goldman VP: "Here's What's Coming Next" - Ad

The man who traded during 1987's Black Monday crash has a surprising prediction for Americans, all centering on one stock.

Bank Of America Bullish On AI: Spotlights Top Supply Chain Stocks To Watch

Bank of America has identified key global stocks along the AI supply chain, including several Nvidia suppliers, that are poised to benefit from the AI boom.

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

NEW YORK (AP) — Visa and MasterCard announced a settlement with U.S. merchants related to swipe fees that could potentially save American shoppers tens of billions of dollars.

$1k/Day in Crypto - Witness the Proven Strategy Now - Ad

Ever heard of those rare, almost mythical 100x, 200x or even 300x+ returns in the crypto world? Usually, they're the stuff of luck, hinging on choosing the right altcoin at the perfect moment. But what if there was a systematic, predictable way to achieve outsized returns in crypto?

'Women farmers are invisible': A West African project helps them claim their rights — and land

ZIGUINCHOR, Senegal (AP) — Mariama Sonko’s voice resounded through the circle of 40 women farmers sitting in the shade of a cashew tree. They scribbled notes, brows furrowed in concentration as her lecture was punctuated by the thud of falling fruit.

His System Isolated Nvidia -- Here's His NEXT Buy - Ad

Marc Chaikin's stock-picking system isolated Nvidia before its massive bull run this year. Now, it just flashed "BUY" on a new AI company that no one is talking about yet. It's not a household name... but Marc predicts it could quickly double or triple from here.

Ken Buck, A Thorn In The Side Of GOP Leadership, Deals Final Blow Before Leaving Congress

Rep. Ken Buck (R-Colo.) signed a Democratic discharge petition for foreign aid, marking a significant shift in the Republican stance on the issue.

This Masterclass Will Redefine Your Approach to Crypto Trading - Ad

Whether you're a seasoned trader or new to crypto, this method is designed for all, requiring no previous experience or in-depth knowledge of the crypto market. Don't miss out -- spots are filling rapidly for this once-in-a-lifetime event.

The Last Crypto Bull Market Has Begun - Ad

This crypto bull market is on the verge of a full-on panic. And if history is any indicator, smaller cryptos that get swept up in the mania have a legitimate chance to turn a small grub stake. Now, I've found a set of smaller cryptos that I think are going to soar in this crypto Melt-Up.

Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce

HONG KONG (AP) — Alibaba Group Holding on Tuesday said it had scrapped in Hong Kong, as it looks to prioritize growing its e-commerce business while facing challenging IPO market conditions.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

US Warned Russia Of Potential Terrorist Attack Before Moscow Concert Hall Massacre: Report

The United States had issued a confidential warning to Russia about a possible terrorist attack targeting large gatherings in Moscow.

2,000,000 "A.I. Crown Jewels" Set for Mass Production - Ad

A.I. investors...get ready: Because this little-known supplier just received a GIGANTIC order from Nvidia. It's one of the biggest production runs in technology history. And it's part of the reason why Barrons says this supplier could see $100 BILLION in sales by 2025.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service