Jim Cramer is Warning About These 4 Value Stocks

2. Cleveland-Cliffs Inc. (NYSE:CLF)

Number of Hedge Fund Holders: 48 

PE Ratio: 2.32

Cleveland-Cliffs Inc. (NYSE:CLF) operates as a steel producer. During his show on June 15, Jim Cramer singled out the company as one of the “low price-to-earnings multiple” options that “investors should avoid completely”. Cramer predicted that the stock had even “more downside” to it than a group of other stocks with low PE Ratios. He said the stock could go “lower and lower”. 

On May 31, Goldman Sachs analyst Emily Chieng maintained a Buy rating on Cleveland-Cliffs Inc. (NYSE:CLF) stock and lowered the price target to $27 from $36, noting that the stock would reflect “near-term demand headwinds” as seen during the last few steel cycles. 

At the end of the first quarter of 2022, 48 hedge funds in the database of Insider Monkey held stakes worth $1.6 billion in Cleveland-Cliffs Inc. (NYSE:CLF), compared to 36 in the preceding quarter worth $952 million.