'Look Out Palantir Shorts'—Did Cramer Curse Just Hit The Stock?

When CNBC's Jim Cramer posted, “Look retired Palantir shorts, present we spell again!” connected Thursday morning, the Inverse Cramer assemblage instantly braced for a crash.

In the superstitious satellite of retail trading, a nationalist blessing from the Mad Money big is often viewed arsenic a buss of decease oregon the Cramer Curse.

However, this time, the communicative is clashing with 2 almighty geopolitical catalysts.

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Palantir shares climbed this week pursuing the melodramatic U.S.-led cognition successful Venezuela that resulted successful the seizure of Nicolás Maduro.

While Palantir does not corroborate immoderate circumstantial relation successful classified missions, however, investors instinctively linked the precision of the raid to Palantir's Gotham and AIP platforms.

Palantir's banal climbed astir 4% connected Monday, different 3% Tuesday and traded arsenic precocious arsenic $187.28 connected Wednesday earlier closing astatine $181.68.

Other large defence stocks, similar Lockheed Martin Corp. (NYSE:LMT) and Northrup Grumman Corp. (NYSE:NOC), surged Thursday aft President Donald Trump's Wednesday nighttime telephone to boost subject spending by 50% successful 2027.

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While Trump besides threatened to restrict dividends and buybacks for accepted contractors to unit faster production, the administration’s absorption connected AI-driven ratio plays straight into Palantir's hands.

However, Palantir did not articulation the defence majors successful a celebratory rally. Instead, PLTR shares fell astatine Thursday's open—after Cramer told the shorts to "look out."

Look retired Palantir shorts, present we spell again!

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So, did Cramer curse Palantir stock? Shares were decidedly nether unit Thursday, trading astir $175 and down much than 3.5%, according to information from Benzinga Pro.

With a trailing P/E ratio northbound of 400x, the dip could really conscionable beryllium steadfast profit-taking astatine a humanities valuation ceiling.

Cramer's vocal enactment often marks a near-term top, but the operation of the palmy tactical ngo successful Venezuela and hopes for a record-breaking defence fund makes Palantir a hard banal to stake against.