Jim Cramer Likes These Super 3 European Stocks

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1. Ferrari NV (NYSE:RACE)

Jim Cramer said that Ferrari NV (NYSE:RACE) is in “excellent business” because the demand for sports cars is incredible and Ferrari NV (NYSE:RACE) enjoys “insane” pricing power by limiting supply. Cramer said Ferrari NV (NYSE:RACE) didn’t pour money into EVs like “every other” car company. This proved to be a “shrewd” move in hindsight according to Cramer. Instead of EVs, Ferrari NV (NYSE:RACE) invested in hybrid cars, which according to Cramer is what people “want.” Cramer said hybrid cars now account for half of Ferrari NV’s (NYSE:RACE) total cars sold. However, Cramer highlighted that Ferrari NV (NYSE:RACE) does have a fully electric car in the works which it would reveal later this year.

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