On the 14th (local time), Cramer stated through his social media platform X that "PARC is a meme stock whose price does not decline," suggesting that they could become new stocks that are good for holding money. He had previously popularized the term 'FAANG' (Facebook, Apple, Amazon, Netflix, Google) in 2013. Although PARC companies operate in different business sectors, they share the commonality of being emerging tech stocks on the Nasdaq. They are evaluated to have significant growth potential in big data analytics (Palantir), mobile advertising (AppLovin), comprehensive investment platforms (Robinhood), and cryptocurrency exchanges (Coinbase).
Cramer used PARC instead of the verb 'park,' which means 'to hold funds,' showing an optimistic attitude towards investing in these stocks.
On that day, all PARC stocks closed higher. Palantir (4.96%) and AppLovin (6.21%) showed notable increases, while Robinhood (1.65%) and Coinbase (1.8%) also rose.
PARC, which exhibits extreme volatility, can yield good results if the timing of investment is chosen wisely, but it can also be a 'double-edged sword' if purchased at a high point, leading to significant losses. An investor who bought at the low point on April 8, when concerns about the trade war peaked, was able to achieve a return of 192.54% on the day Robinhood broke its yearly high. However, if the timing of investment in PARC is poorly chosen, investors may face substantial losses. This year, the maximum declines recorded by these stocks were 57% for AppLovin, 49.73% for Coinbase, 47.66% for Robinhood, and 40.61% for Palantir, averaging around 48.75%.
[Jung Jae-won, Reporter]
