News Formal

Palantir, Applovin fuel a 'can't-lose' market. That's dangerous for all stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 23 min. at publisher
  • 📊 Quality Score:
  • News: 86%
  • Publisher: 72%

Super Micro Computer Inc News

Palantir Technologies Inc,Applovin Corp,NASDAQ 100 Index

Palantir and Applovin — real companies both — are infecting the market with a 'stocks-always-go-up mentality.' Jim Cramer says such moments don't end well.

You can't ban froth. You can't ban lunacy, especially when it pays off. You can't tell the insiders or big data analytics specialist Palantir to take profits. You can't stop the executives at Applovin from bailing up here, and you can't tell the buyers of that mobile gaming ad software company that it may not be as valuable as you think. We sure wish we could. We want a sane market where we don't have all sorts of stocks roaring on nothing but the smell of profit.

mountain Palantir YTD Many people are counting on Palantir to change the way the Pentagon works. The company's stock is actually inexpensive when it comes to the Rule of 40 where we add up the growth rate and its free cash flow margin and we see if it bests 40. It does, coming in well north of 50, giving people the "right" to keep paying up for it the way institutions do for the now very sainted ServiceNow . Yes, Palantir is lucrative.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer reviews companies that cracked $100 billion in 2024CNBC’s Jim Cramer looked at the performance of Palantir, AppLovin, Spotify and Arista Networks, among others.
Source: nbcchicago - 🏆 545. / 51 Read more »

Stocks making the biggest moves midday: Target, Nvidia, AppLovin, Williams-Sonoma and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Nvidia, Palantir, Interpublic Group, Reddit, Macy's and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »