Former hedge fund manager and host of the CNBC show "Mad Money," Jim Cramer, strives to help people think like professional investors and, in early July, named several companies that can reach a market capitalisation of $1 trillion.
Cramer nominated pharma giant (1) Eli Lilly (NYSE: LLY) and (2) EV maker Tesla (NASDAQ: TSLA) as top contenders for a trillion-dollar valuation. He cited Eli Lilly's range of high-demand drugs, from GLP-1s for diabetes and weight loss that can also potentially treat cardiovascular and liver diseases to its new Alzheimer's drug. The company has a market cap of $739.4 billion. Meanwhile, Cramer thinks Tesla's market cap could overtake Eli Lilly's and reach a $1 trillion valuation. "To me, it's going to be Lilly up next," he said. "But the sheer popularity of Tesla might allow Musk to sneak back into the top rung, turning the Super Six back once again into the Magnificent Seven."
