Jim Cramer highlights companies with rising shares beyond the Magnificent Seven.
- Jim Cramer advised investors that there are profitable opportunities in companies other than the large-cap technology stocks, according to CNBC.
- He indicated firms that might provide greater profits than low-risk options such as CDs.
On Thursday, CNBC's Jim Cramer advised investors to explore investment opportunities beyond the Magnificent Seven, suggesting that there are profits to be gained in other companies.
Although megacap tech companies dominate the market, it's worth exploring other stocks because they may offer higher returns than low-risk investments like CDs.
Cramer stated that while CDs provide a risk-free return and are a viable option, it's important to acknowledge that there may be significant gains to be had if one avoids the stock market.
Since Tuesday's close, several stocks have experienced a 10% or higher increase in value, as named by Cramer.
Cramer was impressed by a trucking company's stock performance, which increased due to better-than-expected quarterly results. XPO capitalized on a competitor's bankruptcy and experienced a solid increase in cargo per truck. Additionally, a chip company that focuses on AI had a strong quarter and is benefiting from the success of sector giants, according to Cramer.
Cramer, an infrastructure company, stated that the sector is highly active, making it easy to generate profits. Innovative technology is driving gains in some stocks, he said, citing the recent rise of . A drug company announced that it may have a treatment for Duchenne Muscular Dystrophy, a rare and severe illness.
Cramer stated that the market's recent highs were not solely due to megacaps, but rather to moves that have been ongoing since last Tuesday. He added that the market's behavior may be due to its scornful nature, similar to a skunk in a 5% CD block party. Cramer encouraged investors to consider participating in stocks.
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Disclaimer The CNBC Investing Club Charitable Trust holds shares of Nvidia.
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