Nucor (NUE) Shares Up Since Jim Cramer Advised Selling The Stock

Nucor Corporation (NYSE:NUE) is one of the 20 Stocks Jim Cramer Wanted You To Sell & Immediately Get Out Of. Steel company Nucor Corporation (NYSE:NUE)’s shares are up by 57% over the past year and by 7.5% year-to-date. Since Cramer discussed the firm in March on Squawk on the Street, the stock is up by 37.9%. Back then, Nucor Corporation (NYSE:NUE) was a frequent feature on Jim Cramer’s radar due to Japanese firm Nippon Steel’s attempt to acquire US steel and the broader sluggishness in the steel industry. The CNBC TV host quoted the firm’s executives multiple times to outline that Chinese steel shipping to the US via Mexico was depressing prices and hurting Nucor Corporation (NYSE:NUE). In February, Cramer went as far as to call a bottom on the stock and state that “they’re the big winners because Chinese steel’s not going to come in anymore.” However, in March, he advised selling Nucor Corporation (NYSE:NUE) if the Nippon deal was approved. Since the deal’s approval on June 13th, the stock is up by 49%:

Image: Courtesy of ASML

“You sell Nucor. Sell Nucor if that [if Nippon’s deal for Nucor is approved] happens. Sell it.”

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.