Jim Cramer's Bullish On Palantir, But Is The Stock's Winning Streak Too Hot?
Portfolio Pulse from Surbhi Jain
Jim Cramer is bullish on Palantir Technologies Inc (NYSE:PLTR), recommending holding the stock despite its significant rise this year. The stock is technically strong but nearing overbought territory, suggesting caution ahead of its Q3 earnings.
October 23, 2024 | 6:10 pm
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Jim Cramer recommends holding Palantir (PLTR) as it continues its bullish trend, up 158% YTD. However, technical indicators suggest the stock is nearing overbought territory, warranting caution ahead of Q3 earnings.
Jim Cramer's endorsement is a positive sentiment for PLTR, but the stock's technical indicators, such as RSI nearing overbought levels, suggest potential short-term volatility. The upcoming Q3 earnings could further influence the stock's direction.
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