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Jim Cramer names stocks hyped up by retail investors that are set to keep running

Jim Cramer names stocks hyped up by retail investors that are set to keep running

CNBC6 days ago
CNBC's Jim Cramer on Monday listed four stocks he thinks have momentum, powered by excitement from retail investors — Palantir, AppLovin, Robinhood and Coinbase — dubbing the group "PARC."
"These PARC names are emblematic of how stocks have devolved into a two-track market," he said. "There's the S&P 500, and then there's this handful of stocks that retail investors have anointed and relentlessly taken up, without any real bounds."
Cramer conceded that these stocks pulled back and "took a breather" during Monday's session, but he said they're likely to bounce back. These companies are the best of a group of more trendy names that have caught the attention of a number of retail investors, Cramer said, because they seem to have solid earnings and attention from analysts.
However, he suggested that metric doesn't seem to matter much to buyers, some of whom are "irrational believers in these companies." A number of retail investors are especially interested in stocks related to quantum computing, cryptocurrency and rockets, Cramer continued. He named outfits including Strategy, Oklo, Rocket Lab, Rigetti Computing, QuantumScape, Joby Aviation and Circle Internet.
According to Cramer, investors can pick some of these stocks to own "as long as you don't flood the zone with them." There is money to be made in these names, he continued, but it's important that investors exercise discipline and "take something off the table" when they reap a big gain.
"Aside from occasional pit stops like today, the PARC stocks just keep running," he said. "And until we see a wave of new IPOs creating a supply glut and a ton of insider selling, I wouldn't be surprised if they continue to rally."
Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter.Disclaimer
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Cathie Wood buys $45 million of battered megacap tech stock
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Cathie Wood buys $45 million of battered megacap tech stock

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