Jim Cramer, the host of CNBC’s “Mad Money,” has suggested that investors should look beyond the Magnificent Seven tech stocks for potential high-yield investments.
What Happened: On Thursday, Cramer acknowledged the significant influence of megacap tech companies, including Apple Inc (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), Amazon.com Inc (NASDAQ:AMZN), Meta Platforms Inc (NASDAQ:META), NVIDIA Corp (NASDAQ:NVDA), and Tesla Inc (NASDAQ:TSLA), on the market but also pointed out other stocks that could offer substantial returns, reported CNBC.
"I do not want to denigrate anything that can give you a sizable, risk-free return, which is what you're getting," Cramer said of CDs. "But can we at least admit that you might be missing out on some huge gains if you just steer clear of the stock market?"
Cramer highlighted several stocks that have seen a rise of 10% or more since the previous Tuesday. These included XPO Inc (NYSE:XPO), a trucking company ...