Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

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11. 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 with a presence in the US and Europe. Along with falling steel prices, the firm’s narrative in 2024 has also been driven by its merger with Nippon Steel. Nippon plans to buy United States Steel Corporation (NYSE:X) for a $14.6 billion price tag and make it a subsidiary. The deal has galvanized United States Steel Corporation (NYSE:X) shareholders as the firm has struggled with weak economies worldwide, but it has also raised concerns about an iconic American firm making its way into foreign hands. Cramer commented on the link between United States Steel Corporation (NYSE:X) and the economy:

“Others I’m looking at, uh, what’s going on in large industries. Like if you look at US Steel, it’s obviously very bad.

“David, what did I tell you. Small business, you know,  is the backbone of the economy. Is running so hot, that there are a lot people say wow, you know what, maybe we do not need another rate cut. But then big business, if you looked at US Steel, it’s a tell that boy, we’re in trouble.

“Look, I mean it’s a seven billion dollar company, I don’t wanna go overboard.”

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