Jim Cramer rates 8 companies with market caps that could exceed $1 trillion

CNBC’s Jim Cramer on Wednesday reviewed eight stocks that could join the coveted “trillion dollar stock club.” Identifying major pharmaceutical companies Eli Lilly Electric vehicle manufacturer Tesla as a top contender.

Currently, the tech giant apple, Microsoft, NVIDIA, alphabet, Amazon and Meta It is the only company in the market with a market capitalization of over $1 trillion.

“My guess is Lilly is next,” Cramer said, “but Tesla’s massive popularity could put Musk back on top, and the Super Six will revert to the Magnificent Seven.”

1. Eli LillyCramer noted that Eli Lilly makes GLP-1, one of the most in-demand drugs on the market. The drug is primarily used for diabetes and weight loss, but it could also be effective in treating other conditions, such as cardiovascular and liver disease, he added. Lilly’s new Alzheimer’s drug could also be a blockbuster, he added.
2. Berkshire HathawayCramer said it’s possible Warren Buffett’s Berkshire Hathaway could surpass the $1 trillion threshold, given the diversity and scope of the company’s portfolio, but that interest rates may need to fall for the company to grow rapidly.
3. TeslaCramer said Elon Musk’s biggest venture could surpass Eli Lilly and Berkshire Hathaway and bring its market capitalization back to $1 trillion. He said Tesla is considered more of a technology company than a car maker. He suggested Tesla needs to show that Tesla Energy can become a bigger part of its business.
4. BroadcomTo Cramer, Broadcom is essential for data centers and the graphics chips that enable new, advanced and highly sought-after artificial intelligence technologies.
5. J.P. MorganCramer said he believes if any bank is worth more than $1 trillion, it’s JPMorgan. He said the company “could see significant multiple expansion” if the Federal Reserve starts cutting interest rates.
6. WalmartCramer said the big-box retailer’s loyalty program and e-commerce efforts are so strong that he suggested the company could double in value over the next few years.
7. visa: For Cramer, Visa needs to make “multiple acquisitions.” While it’s expected to surpass $1 trillion, he said he doesn’t see that happening anytime soon.
8. ExxonMobilCramer said Exxon Mobil, once the nation’s largest company, could benefit greatly if oil prices spike, though he added that he doesn’t expect that to happen anytime soon but could do so within the next two years.

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Disclaimer CNBC Investing Club Charitable Trust holds shares of Eli Lilly, Apple, Microsoft, Nvidia, Alphabet, Amazon and Meta.