Jim Cramer Likes These Super 3 European Stocks

This article presents an overview of Forget Magnificent 7: Jim Cramer Likes These ‘Super 3’ European Stocks. For a detailed overview of such stocks, read our article, Forget Magnificent 7: Jim Cramer Likes These ‘Super 7’ European Stocks.

3. Compagnie Financiere Richemont SA (SWX:CFR)

Switzerland-based luxury goods company Compagnie Financiere Richemont SA (SWX:CFR) ranks third in our list of the best European stocks on Jim Cramer’s watchlist. Cramer praised Compagnie Financiere Richemont SA’s (SWX:CFR) earnings report announced in January and said it was one of the very few companies that had positive things to say on its China business.

Richemont owns top luxury and fashion brands including Peter Millar and Cartier.

Compagnie Financiere Richemont SA (SWX:CFR) said in January that its sales in China, including Macau and Hong Kong, jumped 25% in the three-month period ending December 31, 2023. Compagnie Financiere Richemont SA (SWX:CFR) said mainland China was a “double digit positive.” Compagnie Financiere Richemont SA’s (SWX:CFR) sales were helped by travel and tourism because Chinese tourists are preferring to explore their own country including Macau and Hong Kong instead of venturing abroad.