According to CNBC’s Jim Cramer, investors should consider exploring opportunities outside the well-known “Magnificent Seven”. While acknowledging the significant influence of mega-cap tech companies on the market, Cramer suggests that looking beyond these giants could lead to potentially higher returns compared to low-risk investments like CDs. Cramer highlighted several stocks that have seen gains of 10% or more since Tuesday’s close.Trucking company XPO piqued Cramer’s interest, experiencing a surge in its stock following a strong quarter, taking advantage of a competitor’s bankruptcy and realizing substantial growth in cargo per truck. Additionally, chip company Monolithic Power witnessed a rise after a robust quarter and is leveraging the success of sector leaders such as Nvidia, Arm, and Broadcom.Cramer also pointed out infrastructure company Advanced Drainage Systems, emphasizing the lucrative potential in this sector. Furthermore, he highlighted the positive performance of Regenxbio, attributing its climb to innovative new technology and the potential treatment it offers for Duchenne Muscular Dystrophy.”The recent market highs are not solely driven by mega-cap stocks but also by recent movements in the market,” stated Cramer. Encouraging investors to at least consider engaging with stocks, he notes that this trend could stem from the market’s overlooked potential compared to the security of a 5% CD block party.
