NVO - Jim Cramer Says Nvidia Eli Lilly Novo Nordisk Are Not Overvalued: 'Will Be Ready To Buy If This Market Sells Off' | Benzinga
CNBC host Jim Cramer advised investors to gear up for a potential market sell-off, asserting that they should be ready to make purchases if undervalued stocks dip.
What Happened: Cramer, in his show “Mad Money,” dismissed the notion of sector bubbles and encouraged investors to be prepared to buy if the market experiences a pullback, reported CNBC on Monday. He mentioned the increasing artificial intelligence (AI) sector and the possible overvaluation of some AI stocks but emphasized that this does not preclude further growth.
"I will be ready to buy if this market sells off," he said.
"Just raise some cash and be ready to do some buying if and when the market has its inevitable pullback after this incredible run."
Cramer cited Nvidia (NASDAQ:NVDA) as an example, indicating that the company’s market cap of over $2 trillion is not excessive, and it has consistently surpassed earnings estimates. Cramer also endorsed the high valuations of drug companies like Eli Lilly (NYSE: