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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.