Jim Cramer reviews Citi's European 'Super Seven' (2024)

CNBC's Jim Cramer on Friday reviewed the "Super Seven," mega cap European stocks Citi recently named as alternatives to the Magnificent Seven, but with lower valuations.

"I want you to think of the Super Seven as a shopping list of high-quality European stocks that could be very attractive on a pullback," he said. "A shopping list brought to you by Dr. Beata Manthey and her terrific team at Citi."

  1. Novo Nordisk: Cramer noted that this "Danish pharmaceutical titan" came out with the original GLP-1, diabetes and weight loss drug Ozempic. Bullish on the GLP-1 space, he was especially encouraged by the company's new experimental weight loss pill and said the stock probably has more room to run.
  2. ASML: Cramer said the Dutch semiconductor maker has an "effective monopoly" on certain kinds of equipment needed to make the most advanced graphics chips. He also noted that the company reported a huge pickup in orders during its last quarter.
  3. LVMH: Cramer said LMVH — Louis Vuitton Moët Hennessy — has been "a phenomenal long-term performer." The luxury goods company owns a lot of high-end apparel and jewelry brands including Givenchy, Dior, Fendi and Bulgari. He said he thinks the stock can keep winning, but that investors might want to wait for a pullback.
  4. Richemont: To Cramer, this Swiss luxury goods company has "something special." It's known for Cartier and Piaget, as well as Chloé, Montblanc and Peter Millar. He said he's impressed Richemont has been able to report sales growth in China.
  5. SAP: This German enterprise software giant is making ample money off of artificial intelligence, Cramer said, adding he doesn't think the stock is finished climbing.
  6. Schneider Electric: This French industrial company — specializing in electric power products and digital automation — reminds Cramer of Eaton. He said these electric companies are poised to do well because of how much energy is needed to power AI data centers.
  7. Ferrari: Cramer said demand for Ferrari's sports cars is "incredible" because the company limits its supply, allowing it to control prices. He also praised Ferrari's involvement with Formula 1.

"As great as the Super Seven may be, you're not exactly early to any of these stories — most of these stocks are trading at or near their all-time highs," Cramer said. "Of course, you could say the same thing about the Magnificent Seven, but it makes me a little queasy to recommend something that's already had a huge run."

Jim Cramer reviews Citi's European 'Super Seven' (2)

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Jim Cramer looks at Europe's 'Super 7'

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Jim Cramer reviews Citi's European 'Super Seven' (2024)

FAQs

What are the Super 7 European stocks? ›

Citi's European Super 7 is made up of Novo Nordisk (NYSE:NVO), ASML Holdings (ASML), LVMH, SAP (SAP), Schneider, Richemont, and Ferrari (NYSE:RACE). The bank states that while these stocks have performed well of late, they lagged the US Magnificent 7 in 2023.

How do I ask Jim Cramer a question? ›

You can submit question to Jim Cramer and his team of analysts by emailing [email protected]. Your question will be considered for a future Mailbag article, where the team directly addresses inquiries from our members on stocks and investing topics.

How much is Jim Cramer paid? ›

For his various jobs at CNBC, Jim Cramer earns an annual salary of $5 million. He also earns a significant income from book royalties and advances.

What hedge fund did Jim Cramer run? ›

In 1987, Cramer left Goldman Sachs and started a hedge fund, Cramer & Co. (later Cramer, Berkowitz & Co.). The fund operated out of the offices of hedge fund manager Michael Steinhardt.

What are the super seven stocks in Europe? ›

The Super Seven are: Novo Nordisk, ASML, LVMH, Richemont, SAP, Schneider Electric and Ferrari.

What are the top 7 European stocks? ›

In Europe it's more likely to be a combination of structurally strong and/or stable sectors: healthcare, consumer staples and tech. The largest stocks in these spaces we've dubbed the 'GRANOLAS': GlaxoSmithKline, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, AstraZeneca, SAP, Sanofi.

Why did Jim Cramer cry? ›

I trusted this management team. That was ill-advised. The hubris here is extraordinary, and I apologize,” he said. When co-host David Faber asked him what he got wrong, Cramer became emotional, visibly choking up before pointing to Meta's massive spending on its metaverse endeavors.

How many stocks does Jim Cramer own? ›

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

Who is the famous guy on the stock market? ›

The greatest three traders in the history of trading are George Soros, Michel Burry, and David Tepper.

Is the CNBC investing club worth it? ›

The Investing Club has paid huge dividends, far beyond what I ever could have expected. Jim Cramer is a wonderful person and I love the way he explained things. It's really easy to comprehend and understand what he's teaching you, and the benefits are tremendous.

What is Jim Cramer's annual salary from CNBC? ›

Jim Cramer, the charismatic host of "Mad Money," is not just a household name; he's also one of the highest-paid anchors at CNBC. His salary is estimated to be around $5 million per year, not including bonuses and other compensation.

Where did Jim Cramer make all his money? ›

Cramer and Peretz founded TheStreet.com, a financial analysis website, in 1996. In 2000 Cramer left the hedge fund, which regularly earned him more than $10 million annually, and the following year he began hosting a syndicated radio show, Jim Cramer's RealMoney. Mad Money debuted in 2005.

What is the most successful hedge fund of all time? ›

Citadel Is The Most Successful Hedge Fund In History: Here Are Its Top Investment Picks.

What is the opposite of Jim Cramer fund? ›

What is SJIM? The Inverse Cramer Tracker ETF seeks to provide investments results that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer.

What stock is held by the most hedge funds? ›

Overall, Microsoft stands as the most popular company, with 874 hedge funds holding the stock.

What are the magic 7 stocks to buy? ›

Magnificent Seven Stocks: Nvidia Stock Rallies; Tesla Slides

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains.

What are the super market chains in Europe? ›

The big 6 supermarkets in Europe, based on their revenue, are:
  • Schwarz Group (Germany) - €172.24 billion.
  • Rewe Group (Germany) - €EUR 90.92 billion.
  • Aldi (Germany) - €EUR 85.29 billion.
  • Tesco (UK) - €77.31 billion.
  • Carrefour (France) - €76.03 billion.
  • Edeka-Gruppe (Germany) - €75.40 billion.
Aug 7, 2024

What is the most valuable stock in Europe? ›

Novo Nordisk

What is the 7th largest stock exchange in the world? ›

Euronext is the seventh largest stock exchange in the world, with a market capitalisation of $4.36 trillion. Because the exchange includes several countries, there are 1300 listed companies and 30 stock indices that can be used to track its performance.

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