Forget Magnificent Seven: Jim Cramer Likes These ‘Super 7’ European Stocks

Published on March 15, 2024 at 10:18 am by Fahad Saleem in Hedge Funds, News

In this article, we will take a detailed look at some European stocks liked by Jim Cramer. For a quick overview of such stocks, read our article Jim Cramer Likes These Super 3 European Stocks.

Jim Cramer said in one of his latest programs on CNBC that the US stock market isn’t the only one with the “breadth” problem, referring to the phenomenon where most of the stock market gains last year came from a handful of mega-cap tech stocks or Magnificent Seven stocks which include companies like NVIDIA Corp (NASDAQ:NVDA), Meta Platforms Inc (NASDAQ:META) and Alphabet Inc Class C (NASDAQ:GOOG). Cramer said that the concentration of stock market gains is much higher in the European stock market. Cramer shared some data to back this point which was published by Citi’s equity research team led by Dr. Beata Manthey. He said that in January and February this year, just five stocks in Europe accounted for about 45% of the total gains of MSCI Europe Index.

Jim Cramer Shares a New “Shopping List” of Stocks for 2024

Jim Cramer said that analysts at Citi recently ran a screen for mega-cap European stocks with characteristics similar to Magnificent Seven stocks in the US: high earnings growth, solid margins and strong economic moat. Cramer said Citi analysts believe these stocks have lower valuations when compared to their US counterparts and have more room to run in the future. As you will see later in this article, Cramer also believes several of these seven stocks in Europe have a lot of growth potential.

Jim Cramer said that Citi’s Super Seven list “makes for a great list of companies.”

However, Jim Cramer did emphasize that he cannot recommend investors to start piling into these stocks immediately since most of them are trading at their all-time highs. Cramer said that it would make him look a “little crazy” to recommend stocks that already had a “huge run.” But Jim Cramer urged his viewers to see these companies as a “shopping list” of high quality stocks that “could be very attractive” on pullback.

Methodology

For this article we watched Jim Cramer’s recent program on CNBC in which he walked his viewers through Citi’s Dr. Beata Manthey’s Super Seven European stocks and shared his bullish thoughts on these companies. Cramer thinks these stocks should be bought on a pullback.

7. Novo Nordisk (NYSE:NVO)

Jim Cramer recently quoted Citi and said the “leader” of the Super Seven group of stocks is Novo Nordisk (NYSE:NVO). Cramer said it’s “obvious” that the pharmaceutical company is the leader of the group. Cramer said Novo Nordisk (NYSE:NVO) was the company which originally came up with GLP-1 drugs for diabetes. He said Novo Nordisk (NYSE:NVO) is “years ahead” of his American favorite weight loss stock Eli Lilly. Jim Cramer said that recently it was revealed that the GLP-1 pill Novo Nordisk (NYSE:NVO) is developing could be much more effective than the one being developed by Eli Lilly. Jim Cramer also highlighted the FDA’s recent approval for Novo Nordisk’s (NYSE:NVO) drug for heart disease. Earlier this month, Novo Nordisk (NYSE:NVO) said the FDA approved its weight-loss drug Wegovy for the reduction of major adverse cardiovascular events in overweight or obese people with established cardiovascular disease.

Cramer said that it “can’t go wrong with either of these stocks” as he believes more Eli Lilly and Novo Nordisk (NYSE:NVO) has more room for growth.

Polen Global Growth Strategy stated the following regarding Novo Nordisk A/S (NYSE:NVO) in its fourth quarter 2023 investor letter:

“As we discussed in last quarter’s commentary, Novo Nordisk A/S (NYSE:NVO) is a newer addition to the strategy. Over the fourth quarter, we continued to build the position to an average weight. As a reminder, Novo Nordisk is a global pharmaceutical company based in Denmark and has long been the leader in developing insulin for diabetes patients. In recent years, the company’s innovation into GLP-1 drugs has been shown not only to help diabetics control blood sugar levels but also to have significant efficacy in weight loss. Obesity has become a global epidemic, creating materially negative knock-on effects for humans that range from an increase in cardiovascular events and, thus, higher mortality to a lower general quality of life. We believe that, over time, payors will recognize the value of these obesity treatments to both patients and the overall healthcare system.”

6. ASML Holding N.V (NASDAQ:ASML)

ASML Holding N.V (NASDAQ:ASML) is one of the European stocks in the Super Seven group recommended by Citi and liked by Jim Cramer. Jim Cramer said ASML Holding N.V (NASDAQ:ASML) is operating in the semiconductor equipment sector where there’s limited competition and ASML Holding N.V (NASDAQ:ASML) remains “unrivaled.” Cramer said that ASML Holding N.V (NASDAQ:ASML) has a “monopoly” in making equipment that is required to make advanced semiconductor chips.

Jim Cramer also highlighted ASML Holding N.V’s (NASDAQ:ASML) excellent stock performance, since the stock is up 58% over the past one year and 33% in 2024 through March 14. ASML Holding N.V (NASDAQ:ASML) stock has been roaring after ASML Holding N.V (NASDAQ:ASML) posted a blockbuster quarterly report in January. Cramer seemed especially excited about ASML Holding N.V’s (NASDAQ:ASML) net bookings which came in at a whopping €9.2 billion, compared to the Street’s estimate of just €3.57 billion.

In addition to ASML, Jim Cramer likes NVIDIA Corp (NASDAQ:NVDA), Meta Platforms Inc (NASDAQ:META) and Alphabet Inc Class C (NASDAQ:GOOG).

Polen International Growth Strategy stated the following regarding ASML Holding N.V. (NASDAQ:ASML) in its fourth quarter 2023 investor letter:

“Netherlands-based ASML Holding N.V. (NASDAQ:ASML) and Japan-based Lasertec play dominant roles within different segments of the global semiconductor industry. In both cases, shares rallied significantly in the fourth quarter of 2023, prompting our positions to grow as a percentage of the overall portfolio. We believe both companies will see demand for their products as extreme ultraviolet (EUV) lithography and soon high-numerical aperture lithography must be utilized to manufacture the world’s smallest chips. However, in our estimation, 2024 could deliver a year of less exciting growth for the semiconductor industry, which prompted us to trim these positions back.”

5. LVMH Moet Hennessy Louis Vuitton SE (NYSE:LVMUY)

LVMH Moet Hennessy Louis Vuitton SE (NYSE:LVMUY) is another important member of the Super Seven group of European stocks. Cramer said LVMH Moet Hennessy Louis Vuitton SE (NYSE:LVMUY) is very “exciting” for “a lot of people out there.” Cramer said LVMH Moet Hennessy Louis Vuitton SE (NYSE:LVMUY) is the largest luxury conglomerate in the world. Cramer named some of the top brands of LVMH Moet Hennessy Louis Vuitton SE (NYSE:LVMUY) which include Louis Vuitton, Bulgari, Givenchy, Dior, Fendi, among many others.

Jim Cramer said that one of the strengths of LVMH Moet Hennessy Louis Vuitton SE (NYSE:LVMUY) is its target market — the rich. Cramer said LVMH Moet Hennessy Louis Vuitton SE (NYSE:LVMUY) posted a “blowout” quarter in January and the stock has been a “phenomenal” performer. He believes LVMH Moet Hennessy Louis Vuitton SE (NYSE:LVMUY) stock can “keep winning” but recommended investors to wait for a pullback to buy it.

Here is what Distillate Capital has to say about LVMH Moët Hennessy – Louis Vuitton, Société Européenne (NYSE:LVMUY) in its Q3 2022 investor letter:

“After rebalancing, Distillate’s International FSV strategy offers a higher free cash flow yield both to market cap and enterprise value, and has substantially more stable fundamentals and less leverage than the index. The largest new position is LVMH Moët Hennessy – Louis Vuitton, Société Européenne (NYSE:LVMUY), where estimated free cash ϲows are up year-to-date while the stock is down.”

4. SAP SE (NYSE:SAP)

Next on the list of the Super Seven group of stocks Jim Cramer is talking about is SAP SE (NYSE:SAP), the Germany-based software company. Cramer said SAP SE (NYSE:SAP) “took its time” to adjust to the “new world” of Cloud computing but eventually caught up and now it’s making “big money” off of artificial intelligence. Jim Cramer praised the stock’s run over the past several months (it’s up about 64% over the past one year) and said it’s “probably not done.” Cramer also said that he “should have caught it” but he was focusing more on ServiceNow. Cramer is also bullish on other AI stocks like NVIDIA Corp (NASDAQ:NVDA), Meta Platforms Inc (NASDAQ:META) and Alphabet Inc Class C (NASDAQ:GOOG).

As of the end of the fourth quarter of 2023, 22 hedge funds tracked by Insider Monkey had stakes in SAP SE (NYSE:SAP). The biggest stakeholder of SAP SE (NYSE:SAP) during this period was Ken Fisher which had an $820 million stake in SAP SE (NYSE:SAP).

Polen Global Growth Strategy stated the following regarding SAP SE (NYSE:SAP) in its fourth quarter 2023 investor letter:

“Like Workday and Amazon, SAP SE’s (NYSE:SAP) stock price rose significantly in Q4 after the company reported its Q3 2023 earnings. Importantly, SAP’s transition to the cloud (a core part of our thesis on the business) continues at pace, and the company is seeing both robust cloud revenue growth and expanding cloud gross margins. Management is guiding cloud sales growth through 2025 in the mid-20% range, which we view as reasonable and attractive.

We also view SAP as one of the more resilient software business models as it is an essential part of its customers’ day-to-day operations and cannot easily be turned off or scaled back.”

To see rest of the stocks in this list click Jim Cramer Likes These ‘Super 3’ European Stocks.

Suggested Articles:

Disclosure. None. Forget Magnificent 7: Jim Cramer Likes These ‘Super 7’ European Stocks was initially published on Insider Monkey.

NYSE:NVO Headline NYSE:SAP NYSE:LVMUY NASDAQ:ASML Show more...

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on November 14, 2025 at by Inan Dogan, PhD

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up