Jim Cramer Made ‘FAANG’ Popular, Now He Says There’s A New Acronym To Describe These Retail Favorite Stocks — ‘PARC’
Renowned TV host Jim Cramer is stirring chatter on X with another buzzworthy “meme stock” acronym, aimed at a new group of retail-favorite stocks that are defying gravity.
Check out the current price of PLTR stock here.
What Happened: On Monday, in a post on X, Cramer wrote, “A new acronym for the meme stocks that just won’t quit!!! PARC!,” referring to Palantir Technologies Inc. (NASDAQ:PLTR), AppLovin Corp. (NASDAQ:APP), Robinhood Markets Inc. (NASDAQ:HOOD), and Coinbase Global Inc. (NASDAQ:COIN).
All four companies are notable for their social media-fueled momentum, high levels of retail participation, and volatility, which has earned them the “meme stock” moniker.
Palantir provides AI and data analytics applications for governments and commercial applications, and has seen strong momentum in recent years. AppLovin, on the other hand, is a mobile advertising platform and a game publisher that has seen a sharp rally since mid-last year.
About The Author
