CNBC host Jim Cramer is widely recognized for his contributions to financial media, including coining stock acronyms like the famous FAANG term for high-growth technology stocks in 2013.
Benzinga readers were invited to pick their favorite stock from Cramer’s newest stock acronym.
What Happened: Credited with helping make the “FANG” acronym famous and creating the updated “FAANG” acronym, Cramer recently shared the new “PARC” acronym with his followers, highlighting four “meme stocks.”
The new acronym breaks down as follows:
- P – Palantir Technologies (NASDAQ:PLTR)
- A – AppLovin Corp (NASDAQ:APP)
- R – Robinhood Markets (NASDAQ:HOOD)
- C – Coinbase Global (NASDAQ:COIN)
“A new acronym for the meme stocks that just won’t quit!!! PARC!,” Cramer tweeted.
Cramer asked his followers if they preferred the “PARC” or “CARP” acronym better, which prompted some calling out the high valuations of the stocks and labeling them as “CRAP.”
Benzinga recently polled readers to see which of the four stocks they prefer.
“Which stock from Jim Cramer’s new ‘PARC’ acronym would you be most likely …