Jim Cramer Says “Nucor’s the Best Steel Maker in the World”

Nucor Corporation (NYSE:NUE) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer started his game plan with the stock and stated:

“How about earnings? Monday night, our largest steel company reports. That’s Nucor, and I think we’re going to hear plenty of praise for President Trump’s tariffs that have kept other countries from dumping their government-subsidized steel into our country at excessively low prices. China wiped out most of our steel producers except for Nucor and Cleveland-Cliffs. Nucor’s the best steel maker in the world, but it can’t transcend what amounts to a sluggish environment away from the data center. In this economy, I can’t expect a blowout, even as I do like the company very much. Too bad. Might be an opportunity, though.”

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

Nucor Corporation (NYSE:NUE) manufactures and sells steel and steel products, including sheet, plate, bar, and structural steel. The company also produces raw materials like direct reduced iron and scrap metal.

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Disclosure: None. This article is originally published at Insider Monkey.