Jim Cramer Discusses These 10 Stocks & Says There’s “Pain” Ahead

4. Nucor Corporation (NYSE:NUE)

Number of Hedge Fund Holders In Q4 2024: 51

Nucor Corporation (NYSE:NUE) is one of the largest of its kind in the American steel industry. When it comes to materials and industrial stocks, it’s also a frequent appearance on Cramer’s morning show. Throughout the year, the host has lamented that Nucor Corporation (NYSE:NUE) has been harmed by cheap Chinese steel flooding the US markets through Mexico. With President Trump and Mexico’s President Claudia Scheinbaum having developed a working relationship, he’s quite optimistic about the firm now:

“People always ask me, is there something that you can buy off of what’s happening? And Morgan Stanley released that steals the thunder here. Nucor. And the reason I say Nucor is because, Claudia Scheinbaum, the President of Mexico, is just totally on board about Chinese steel. Now the way that they’ve been getting steel in this country, China, is through Mexico. If she shuts that down, and really demonstrates that she shut it down, she’s gonna be able to cut a better deal than anybody else in the world. And that means that the steel prices are going to go up no matter how soft you think the economy is. They’re using 167 target, I would say this thing could go back to its high, this could go to 180. And so, it’s a great company. It’s the best steel company in the world. Largest in America. And I just think if you really are bullish, not the put, the call, that’s whatever, that’s option talk. If you think the President’s plan has a, has some gravitas, go buy Nucor.

“And I gotta tell you Nucor has been hurt so badly by this transhipped Chinese steel. And it will be shut down. We know which is Chinese and which isn’t. Because Mexico’s got plants. So I just think we’re starting to see some pricing.

“But I would say that Nucor’s as easy as anyone that I’ve seen. And the rest of them are so darn hard.”