Jim Cramer: Buy This Financial Stock, Palantir Reported an ‘Excellent’ Quarter

On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Origin Bancorp, Inc. (NYSE:OBK). “I have made a lot of money buying Louisiana banks over the last few years because there’s a lot of consolidation and this is an inexpensive bank stock, not that good a yield, but I like it,” he added.

Lending support to his choice, Origin Bancorp, on Oct. 28, reported quarterly earnings of $1.22 per share which beat the analyst consensus estimate of $1.06 per share. The company reported quarterly sales of $113.22 million which beat the analyst consensus estimate of $111.62 million.

Cramer said that Alibaba Group Holding Limited (NYSE:BABA) is the only Chinese stock he would buy, but it’s not his favorite right now as the consumer is so weak in China.

Alibaba is preparing to spin off its semiconductor subsidiary, T-Head, through a proposed public offering in Hong Kong, adding a potential listed vehicle for its chip ambitions.

Trekor Metals Limited (NYSE:TGB) is a “speculative copper stock,” Cramer said. “A lot of copper stock still being used in the data center because they haven’t converted to fiber yet, so I think you can catch a good one.”

On the earnings front, Trekor Metals, formerly Taseko Mines, on Nov. 4 posted third-quarter adjusted earnings of 11 cents per share, in line with estimates, on sales of $244.55 million.

“I think you’re right to be concerned. There’s too much competition,” Cramer said when asked about DraftKings Inc. (NASDAQ:DKNG). “I no longer can recommend any of these gambling stocks because they’re one big gamble.”

DraftKings, on Nov. 5, reported worse-than-expected quarterly financial results and cut its FY26 sales guidance below estimates.

Cramer said Palantir Technologies Inc. (NASDAQ:PLTR) reported an “excellent” quarter and CEO Alex Karp is doing a “terrific” job. “I think that Palantir stock is worth $200, and I’m surprised isn’t there yet,” he added.

Palantir, on Nov. 2, reported better-than-expected financial results for the third quarter and raised its full-year revenue guidance.

Cramer said Netskope, Inc. (NASDAQ:NTSK) is just one more cloud security platform, adding that he likes CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and Palo Alto Networks, Inc. (NASDAQ:PANW), and doesn’t need any more beyond that.

Netskope, on Nov. 10, named Carrie Francey as senior vice president of Global Channel Sales.

Price Action:

• Alibaba shares fell 1.2% to settle at $101.52 on Wednesday.
• Trekor Metals shares declined 0.8% to close at $7.21 during the session.
• DraftKings shares rose 1.5% to close at $19.64 on Wednesday.
• Origin Bancorp shares fell 0.5% to settle at $53.99.
• Palantir shares gained 2.1% to close at $172.40.
• Netskope shares gained 4.3% to settle at $22.37 on Wednesday.

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