Jim Cramer has a surprising take on four 'meme' stocks
Meme stock buzz is heating up again.
On July 14, the Mad Money host Jim Cramer stirred chatter on X by suggesting two fresh acronyms for retail-favorite tech stocks: PARC (Palantir, AppLovin, Robinhood, Coinbase) and CARP (Coinbase, AppLovin, Robinhood, Palantir). He asked his followers which one they preferred, giving these trending names an extra push.
New meme acronym:
— Jim Cramer (@jimcramer) July 14, 2025
PARC-- Palantir, Applovin, Robinhood and Coinbase (PARC)v Coinbase, Applovin, Robinhood, Palantir (CARP) which should it be?? @SquawkStreet .
Cramer's post comes as these meme stocks trade mixed during Monday morning. Palantir (PLTR) shares closed at $142.10, down 0.28% in Monday's trade after reaching a session high of $144.58. The defense and AI-focused company remains a retail favorite, and in pre-market trading today, it edged up 0.20%.
Interestingly, AppLovin, the American mobile technology company's stock price, also bumped 1.46%, after the company's revenue for second quarter showed a 294.89% year-to-date return, as per reports.
Similarly, Coinbase (COIN), the largest U.S. crypto exchange, closed at $387.06, or down 0.49%, but demonstrated pre-market strength, up 1.64%. Crypto markets have continued to surge on news of institutional acceptance and positive regulation.
Robinhood (HOOD) fell 0.36% to $98.34, even after trading above $101 earlier in the session. The pre-market saw the trading platform up by 2.45%, a favorable indication of investor enthusiasm.
All three stocks fell moderately in Monday's session, though pre-market figures indicate robust investor demand.
Bitcoin is one reason for the rally in both AI and crypto-adjacent stocks, thanks to its push to an all-time high of $123,091.61 on July 14.