Nearly one year after Jim Cramer introduced the “PARC” stock basket on CNBC’s Mad Money, three of the four companies in the group have either declined sharply or delivered little growth.
The PARC basket included Palantir, AppLovin, Robinhood, and Coinbase.
At the time, many investors viewed the grouping as a bullish signal for crypto related stocks. However, one year later, Coinbase has emerged as the weakest performer among the four.
Coinbase Becomes PARC’s Biggest Underperformer
Cramer introduced PARC on July 14, 2025, describing the four stocks as market favorites driven heavily by retail enthusiasm and momentum.
He argued at the time that the market had effectively split into two major groups: the S&P 500 and the PARC basket, with the latter benefiting from intense momentum trading.
According to updated performance data shared on June 29, 2026 by market commentator Heisenberg, Coinbase has delivered the worst performance since PARC was created, falling by 62%.
Additional market data shows Coinbase traded between $139 and $444 over the past 52 weeks.
At around $149, the stock is now trading close to the lower end of that range, far below the levels seen when investor confidence was much stronger.
Interestingly, financial disclosures filed in May revealed that Donald Trump purchased Coinbase shares between January and March 2026 through third party financial managers.
Mixed Performance Across PARC Stocks
Palantir has also struggled, declining roughly 25% since PARC was introduced and around 40% in 2026 alone.
The stock previously reached a 52 week high near $207 but is now trading around $113.
Robinhood has remained largely unchanged, making it relatively stable compared to the rest of the basket.
Earlier this month, Robinhood expanded its crypto business into Canada after completing its $180 million acquisition of WonderFi.
The company now serves more than one million funded international customers, though this growth has had limited impact on its stock performance.
AppLovin stands out as the only strong performer in the group.
Since PARC was introduced, AppLovin has gained 34%.
Even so, its current share price of around $477 remains well below its 52 week high of $745.
Among the four companies, AppLovin is clearly the strongest outlier.
From PARC to CRAP
Before settling on PARC in 2025, Cramer reportedly considered another acronym: CARP, which rearranged the same four stocks.
However, market participants created their own version: CRAP.
One year later, some analysts believe that joke acronym ended up reflecting reality more accurately than the original basket.
Market analyst Shanaka Anslem Perera revisited the idea in a recent post, noting that the acronym appeared at the peak of investor enthusiasm.
He argued that what started as a joke ultimately became an accurate reflection of how these momentum driven stocks performed over the following year.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
