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CNBC’s Jim Cramer on Friday reviewed the European mega-cap stock Citi recently named as an alternative to the Magnificent Seven, the Super Seven, at a low valuation.
“Think of Super Seven as a shopping list of blue-chip European stocks that could be very attractive on a pullback,” he said. “A shopping list brought to you by Dr. Beata Manthey and her amazing team at Citi.”
- Novo Nordisk: Kramer noted that this is a “Danish pharmaceutical giant.”” We launched the original GLP-1, diabetes and weight loss drug Ozempic. Bullish on the GLP-1 space, he was particularly encouraged by the company’s new experimental weight-loss drug and said the stock likely has further upside.
- ASML: Kramer said the Dutch semiconductor maker has a “virtual monopoly” on certain equipment needed to make cutting-edge graphics chips. He also noted that the company reported a significant increase in orders last quarter.
- LVMH: Mr. Cramer said LMVH (Louis Vuitton Moët Hennessy) “has been a phenomenal performer over a long period of time.”” The luxury goods company owns a number of luxury apparel and jewelry brands, including Givenchy, Dior, Fendi, and Bulgari. He thinks the stock could continue to win, but said investors may want to wait for a rebound.
- Mr. Richemont: For Mr. Kramer, there is “something special” about the Swiss luxury goods company. In addition to Cartier and Piaget, it is also famous for Chloe, Montblanc, and Peter Miller. He said he was impressed that Richemont was able to report sales growth in China.
- SAP: The German enterprise software giant is making good money from artificial intelligence, Kramer said, adding that he doesn’t think the stock’s rally is over.
- Schneider Electric: This French industrial company specializing in power products and digital automation reminds Cramer of Eaton. He said these power companies are poised to do well because of how much energy it takes to power AI data centers.
- Ferrari: Cramer said demand for Ferrari’s sports cars is “incredible” because Ferrari can limit supply and control prices. He also praised Ferrari’s involvement in F1.
“Super7 may be great, but none of this news is too early. Most of these stocks are trading at or near all-time highs,” Cramer said. “Of course, the same can be said for The Magnificent Seven, but I’m a little reluctant to recommend something that’s already a huge hit.”
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