7 Stocks on Jim Cramer’s Radar

5. Nucor Corporation (NYSE:NUE)

Number of Hedge Fund Holders: 32

Cramer noted that Nucor Corporation (NYSE:NUE), a major manufacturer and supplier of steel products, is being hurt by China dumping steel.

“I thought Nucor was bottoming. It’s been very, very tough to own this great steel maker. I really gotta see what, look, the material stocks are all weaker and there’s a lot of dumping of steel from China, yet they, all they do is hack and dump and hack and dump and they get away with it. So that’s what’s hurting the stock.”

Nucor (NYSE:NUE) reported its full-year 2024 earnings on January 28. Its consolidated net earnings attributable to Nucor stockholders are $2.03 billion, or $8.46 per diluted share. It shows a significant decline from the previous year, where net earnings totaled $4.53 billion, or $18.00 per diluted share. The company’s consolidated net sales for 2024 amounted to $30.73 billion, marking an 11% decrease from $34.71 billion in 2023.

Nucor (NYSE:NUE) also reported that the total tons shipped to external customers in 2024 were about 24,767,000 tons, a 2% drop compared to the previous year. Additionally, the average sales price per ton decreased by 10% from 2023.