Jim Cramer on Palantir: "It's One of the Speculative Stocks That I Truly Like"

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks that was recently put under the microscope by Jim Cramer. During the episode, a caller asked if they should buy, sell, or hold the stock, and Cramer replied:

“I think you can still own Palantir. It’s one of the speculative stocks that I truly like. Why? Because it’s actually profitable. Most of the speculative stocks I hear about are not profitable. I spend a lot of time in How to Make Money in Any Market, saying, you want a spec stock? Go buy the stock of Palantir. And by the way, it’s not like I’m like, you know, necessarily buddies with the company, but I do think that they’re for real.”

Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms that integrate, analyze, and manage data for intelligence, defense, and enterprise operations. A caller asked for advice on the stock during the September 20 episode, and he responded:

“I don’t know if it’ll hit a trillion-dollar market cap. Here’s what I know: you took out your cost basis, you cannot lose money now. I think that is an incredible position, and what I like to do when I can’t lose money is I like to let… [it] run unless the fundamentals change. And right now, the fundamentals seem very strong at Palantir.”

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Disclosure: None. This article is originally published at Insider Monkey.