Are you looking for some top European stocks to add to your portfolio? CNBC’s Jim Cramer recently shared his insights on the “Super Seven,” a list of mega cap European companies that could be great investments. These stocks are considered alternatives to the Magnificent Seven but with lower valuations.
The Super Seven includes companies like Novo Nordisk, ASML, LVMH, Richemont, SAP, Schneider Electric, and Ferrari. Cramer highlighted the potential of each of these companies and why they could be attractive options for investors.
For example, Novo Nordisk is a Danish pharmaceutical company known for its innovative diabetes and weight loss drugs. ASML is a Dutch semiconductor maker with a monopoly on advanced graphics chip equipment. LVMH owns luxury brands like Louis Vuitton and Dior, while Richemont is a Swiss luxury goods company known for Cartier and Piaget.
SAP, a German enterprise software giant, is making significant profits from artificial intelligence, and Cramer believes the stock has room for growth. Schneider Electric, a French industrial company, is focused on electric power products and digital automation, and Ferrari’s limited supply of sports cars has created incredible demand for the brand.
While these stocks may be trading near their all-time highs, Cramer believes they still have room to grow. So, if you’re looking to add some high-quality European stocks to your portfolio, the Super Seven could be a good place to start. Remember to do your own research and consider your financial goals before making any investment decisions.
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