Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

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

Number of Hedge Fund Holders In Q3 2024: 40

Cleveland-Cliffs Inc. (NYSE:CLF) is a steel company that has been caught in the middle of a controversial era for its industry. While steel prices sank in 2024 and led to the shares dropping by more than 48% in 2024, Cleveland-Cliffs Inc. (NYSE:CLF) has also been in the news because of Nippon Steel’s bid to acquire US Steel. The bid was blocked by the Biden Administration earlier this month, and investors are now focused on whether Cleveland-Cliffs Inc. (NYSE:CLF) will follow up after its Steelco deal to also make an attempt to acquire US Steel. Here’s what Cramer said about the firm:

“I don’t think he will anymore because he did that Steelco deal in Canada, his stock has fallen [inaudible] and the pricing in steel has changed rather dramatically. When he first made his bid for US Steel, the stock, they thought they were going to earn about four dollars, now I question whether they can earn a dollar. So I think that it’s, I think that the forces of the actual market, and by the way, that is transshipment of Chinese steel via Mexico which I think the president, soon President-elect Trump, President Trump is going to hammer Mexico on. Very aggressive.”