13 Stock Predictions That Jim Cramer Got Completely Wrong

6. Nucor Corporation (NYSE:NUE)

Number of Hedge Fund Holders: 51

When a caller asked about Nucor Corporation (NYSE:NUE), Cramer responded cautiously optimistic. He noted recent weakness in steel pricing but still leaned bullish. Here’s what he said back then:

 “Nucor, they make many different steel many different kinds of steel, and one of their kinds of steel did have a decline in price and people are saying that that’s very bad for the company. I like Nucor very much; you are going to have to deal with a bit of turbulence here as it comes down but I’m leaning toward buying it not selling it.”

Cramer’s buy recommendation was off the mark as the stock sunk by 31.67% since then.

Nucor Corporation (NYSE:NUE) is one of the largest steel producers in the U.S., known for its mini-mill production model. Ahead of its most recent earnings report, here’s what Cramer had to say:

“So many people are worried about a tariff-induced recession. Steel giant Nucor reports on Monday, and they’re really at the crossroads of both. This domestic steel company, the best there is in the world, it’s been hammered by economic weakness, but they also directly benefit from the tariffs as they should. The world dumps steel on USA. It’s been known for years. And if we didn’t do anything about it, if we didn’t protect our steel companies, we would have no steel, nothing would be made in this country. So let’s hear what they have to say.”