10 Cheap Jim Cramer Stocks to Invest In Right Now

8. Steel Dynamics, Inc. (NASDAQ:STLD)

Forward P/E: 13.63

Number of Hedge Fund Holders: 44

Steel Dynamics, Inc. (NASDAQ:STLD) is one of the 10 cheap Jim Cramer stocks to invest in right now.

On June 12, 2026, Bank of America raised its price target on Steel Dynamics, Inc. (NASDAQ:STLD) from $250 to $285 while maintaining a Neutral rating on the company’s stock. With the second-quarter earnings guidance from Nucor (NUE) and Steel Dynamics, Inc. (NASDAQ:STLD) expected to arrive in the following week, BofA marked-to-market their Q2 steel price forecasts. After updating estimates across the North American steel and metal service centers sector, the firm raised its price targets for the group by 9% on average.

Prior to this, on June 10, 2026, JPMorgan made separate adjustments to Steel Dynamics, Inc. (NASDAQ:STLD)’s price target, notably raising it from $210 to $262. The firm kept a Neutral rating on the stock. JPMorgan’s update on the company’s PT was part of the firm’s mid-quarter preview. The firm anticipates positive results from the company’s Q2 report, with the outlook for the latter half of 2026 better than seasonal. Notably, the firm perceives the U.S. steel industry as a relatively safe haven.

The stock also gained a positive view from Cramer, with the Mad Money host pointing to Steel Dynamics, Inc. (NASDAQ:STLD) as a great company in the Lightning Round on May 8, 2026.

Steel Dynamics is a great company. Why would you do anything other than [buy, buy, buy]?

Steel Dynamics, Inc. (NASDAQ:STLD), founded in 1993, is one of the largest domestic steel producers and metals recyclers in North America. Headquartered in Indiana, the company utilizes electric arc furnaces to create low-carbon-emission steel.