CNBC's Jim Cramer on Monday said the increasing popularity of GLP-1 drugs — medications used to treat diabetes and obesity — has created some new investing opportunities.
"Because if you really believe tons of people will take these weight loss medications, to the point where it'll have a transformational impact on the economy, well that's going to create lots of winners, too."
Cramer said GLP-1 drugs can cause patients to lose muscle as well as fat, so doctors are encouraging them to consume more protein.
Cramer said he also sees potential in the apparel space, with consumers likely to need new clothes to accommodate their weight loss.
"When the market was ugly, everyone was worried about how much money the food companies would lose from these GLP-1 weight loss drugs," he said.
Persons:
CNBC's Jim Cramer, Monday, —, Cramer, Wall, Eli Lilly, Tyson, GLP, Chip Bergh, we're
Organizations:
Novo Nordisk —, Tyson Foods, Jacobs