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News  ›  Benzinga

'Look Out Palantir Shorts'—Did Cramer Curse Just Hit The Stock?

Benzinga Logo Benzinga By Erica Kollmann
'Look Out Palantir Shorts'—Did Cramer Curse Just Hit The Stock?

Jim Cramer's bullish post on Palantir triggered the 'Cramer Curse' as PLTR shares fell 3.69% on Thursday despite strong geopolitical catalysts. The stock had climbed following the U.S. operation capturing Nicolás Maduro in Venezuela and Trump's call for a 50% military spending increase in 2027. However, with a P/E ratio exceeding 400x, the decline may reflect profit-taking rather than fundamental weakness.

Insights
GOOGL   positive

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PLTR   neutral

Stock declined 3.69% after Cramer's bullish endorsement, suggesting the 'Cramer Curse' effect. However, strong catalysts from Venezuela operation and defense spending plans provide underlying support. The decline appears to be profit-taking at historically high valuations (P/E >400x) rather than fundamental deterioration.