Jim Cramer reviews Citi's European 'Super Seven' (2024)

FAQs

What are the Super 7 European stocks? ›

Citi's European Super 7 is made up of Novo Nordisk (NYSE:NVO), ASML Holdings (ASML), LVMH, SAP (SAP), Schneider, Richemont, and Ferrari (NYSE:RACE). The bank states that while these stocks have performed well of late, they lagged the US Magnificent 7 in 2023.

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For his various jobs at CNBC, Jim Cramer earns an annual salary of $5 million. He also earns a significant income from book royalties and advances.

In 1987, Cramer left Goldman Sachs and started a hedge fund, Cramer & Co. (later Cramer, Berkowitz & Co.). The fund operated out of the offices of hedge fund manager Michael Steinhardt.

The Super Seven are: Novo Nordisk, ASML, LVMH, Richemont, SAP, Schneider Electric and Ferrari.

In Europe it's more likely to be a combination of structurally strong and/or stable sectors: healthcare, consumer staples and tech. The largest stocks in these spaces we've dubbed the 'GRANOLAS': GlaxoSmithKline, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, AstraZeneca, SAP, Sanofi.

I trusted this management team. That was ill-advised. The hubris here is extraordinary, and I apologize,” he said. When co-host David Faber asked him what he got wrong, Cramer became emotional, visibly choking up before pointing to Meta's massive spending on its metaverse endeavors.

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What is Jim Cramer's annual salary from CNBC? ›

Jim Cramer, the charismatic host of "Mad Money," is not just a household name; he's also one of the highest-paid anchors at CNBC. His salary is estimated to be around $5 million per year, not including bonuses and other compensation.

Cramer and Peretz founded TheStreet.com, a financial analysis website, in 1996. In 2000 Cramer left the hedge fund, which regularly earned him more than $10 million annually, and the following year he began hosting a syndicated radio show, Jim Cramer's RealMoney. Mad Money debuted in 2005.

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Euronext is the seventh largest stock exchange in the world, with a market capitalisation of $4.36 trillion. Because the exchange includes several countries, there are 1300 listed companies and 30 stock indices that can be used to track its performance.