Jim Cramer Shared Thoughts on These 14 Stocks

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

Number of Hedge Fund Holders: 43

Cleveland-Cliffs Inc. (NYSE:CLF) is one of the stocks that Jim Cramer shared thoughts on. Cramer discussed the stock in light of the steel tariffs. He remarked:

“What do we make of this incredible comeback in Cleveland-Cliffs stock today, the vertically integrated steel maker focused on value-added steel products, particularly for the auto industry. This stock plunged from the low 20s early last year down to five bucks and change this past May when President Trump approved, and you know I’m against this, the Nippon Steel acquisition of U.S. Steel, which Cleveland-Cliffs also wanted to buy.

But shortly after the deal was approved, Cliffs got a gift from the administration. The president doubled the tariff on steel imports from 25% to 50%. In response, the stock jumped 23% in a single session. And it’s never looked back because, well, the president may have saved the industry, and it exploded higher once again today, up more than 12% when Cleveland-Cliffs reported a better-than-expected quarter. There’s a sense that business will only get better as we process the higher steel tariffs.”

Cleveland-Cliffs (NYSE:CLF) produces flat-rolled and stainless steel products, along with steel plates, electrical steel, and tubular components. Moreover, the company supplies raw materials like iron ore and provides metal processing services for industries such as automotive, infrastructure, and manufacturing.