Did Jim Cramer Nail All These 9 Stock Predictions?

7. Nucor Corporation (NYSE:NUE)

Number of Hedge Fund holders: 51

Nucor Corporation (NYSE:NUE), the largest steel producer in the U.S., was a key focus in that episode following disappointing quarterly results. Despite the miss, Cramer reiterated his long-term support for the company, citing its buybacks, infrastructure tailwinds, and historical outperformance. Here’s what he said back then during a discussion with the company’s CEO:

“Now I’ve been a fan of this stock forever; actually since before the show began and I also see it as a winner from all the federal infrastructure spending and the company’s been a voracious buyer of its own stock, something that’s helped them put up tremendous earnings per share numbers over the past year. […]

[Talking directly to the CEO] When I read through what went on I really don’t see a lot of weakness, and yet, you decided to say that next quarter is going to be weak too. If you hadn’t I would have said that it’s ridiculous that the stock’s down. […]

I spent all day racking my brain and reach the same conclusion ahead of this interview which is that some you don’t get a chance to buy Nucor unless there’s a little bit of a discrepancy and otherwise it’s just going to be straight up; it has been since 1980s in the mid 80s, so I am with you.”

Despite his optimism at the time, Nucor shares have declined by 34.25% over the past year.

Nevertheless, Jim Cramer remains a fan of Nucor Corporation (NYSE:NUE) and has recently cited the company as a model of an American manufacturer. Here’s what he said on April 15:

“Nucor, every time they open a plant, is responsible for about eight new jobs besides the plant. That’s what’s so great about a steel plant. Just put so many, and Nucor, by the way, only puts plans where they actually are like desperate for more employees. The president should call Nucor and bring them in to say [interrupted] You get Nucor in a room, and you just have like a bonanza of positivity. It’s time for some positivity out of the White House.”