Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

10. United States Steel Corporation (NYSE:X)

Number of Hedge Fund Holders In Q3 2024: 57

United States Steel Corporation (NYSE:X) is a steel company at the center of the industry in January. The firm, like other peers, struggled in 2024 due to low steel prices and reduced industrial activity in America. In his previous appearances, Cramer has blamed the lower steel prices on cheap Chinese steel flooding the global market and expressed hope about President-elect Trump being able to counter it. United States Steel Corporation (NYSE:X) was prominent in January because Japanese firm Nippon Steel’s bid to acquire it was blocked by the US government. Here’s what Cramer said about the firm:

“I mean look I think that US Steel, basically is saying that there’s a RICO case to be built. Racketeering case. But they’re calling for the Justice Department to look into this. I don’t think there’s a RICO case because I would listen to Mr. Goncalves, who is Cleveland Cliffs, but, when you charge someone with, that there’s a RICO case . . . RICO means jail time, it’s a very incendiary charge. Obviously, US Steel is not the Justice Department. An aggressive Justice Department, an aggressive prosecutor, would pick up on this.”