Jim Cramer Discussed 12 Stocks and Macroeconomic Conditions

5. Nucor Corporation (NYSE:NUE)

Number of Hedge Fund Holders: 44

Nucor Corporation (NYSE:NUE) is one of the stocks Jim Cramer discussed along with macroeconomic conditions. Cramer said he should have “pushed hard” on the company stock, as he commented:

“Regular metals, generally up with the help of tariffs, but a lot of crops and chemical stocks are very bad. That explains why we’ve seen a middle-of-the-pack performance overall for the materials group, which is up about 9% for the year… but within that, we’ve seen huge disparities. 40% plus declines for chemical companies like Dow and Lyondell, but also 40% increases for companies like Nucor and Steel Dynamics. Didn’t see these before, but you know what? I should have told, I should have pushed hard on Nucor. I always knew that was a good one.”

Nucor Corporation (NYSE:NUE) manufactures steel and steel products, including sheet, plate, bar, and structural steel. The company also produces raw materials, metal products, and industrial gases for construction, manufacturing, and energy applications. During the November 3 episode, Cramer called the company’s stock a “hostage to the Fed’s next move,” as he said:

“I am looking for stocks you don’t have a buy and a sell. You just own them. I waffle on the builders of data centers, too. I think they may have secular growth, meaning growth that doesn’t depend upon the health of the broader economy. That’s the kind of growth I’m looking for. I just don’t know if they have enough of it. I feel the same way about Nucor. Got a large data center, steel business, even as other customers desperately need lower interest rates. So that means Nucor’s hostage to the Fed’s next move, and we don’t know if we’re going to get a rate cut in their next meeting.”