9 Stocks Jim Cramer Talked About

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

Number of Hedge Fund Holders: 40

Cramer recommended buying Cleveland-Cliffs Inc. (NYSE:CLF) stock but cautioned that investors should be prepared for a potential small drop in price.

“Well, I know I was, I was into the company today, trying to get them to come on tonight’s show. Now here’s the problem: Honestly, the steel stocks are the worst stocks in the market and I think that you could buy this stock and if you’re willing to take a point or two down, then I think it’s okay but you have to accept the fact that that’s exactly what could occur.”

Cleveland-Cliffs (NYSE:CLF) is a North American producer of flat-rolled steel, providing a range of steel products. As mentioned in our article, Jim Cramer Recently Discussed These 15 Stocks & The California Wildfires, Cramer recently remarked:

“Look I think that we have to think twice about whether this one would be uh, Trump would kill it. I know when Trump was running he was against the idea of Cleveland Cliffs, or he was against the idea of Japan, it’s Nippon. Not Cleveland Cliffs. But I will say, Cleveland Cliffs very close to President-elect Trump, and I think that there is a possibility that something could happen here. So I do believe, when you speak to Lorenzo Goncalves, I’m telling you David, he is so close to Trump that I really think that Lorenzo has got it done. I think that this is a very interesting deal. I think it’s fabulous for Nucor. Nucor’s the one that I would buy. I’ve been saying Cliffs gets this from the beginning. I’ve been saying Cliffs gets this from the beginning. I’m doubling down. They’re gonna get it. Cliffs is gonna get it. Lorenzo’s a winner.”