Jim Cramer Discusses These 10 Stocks & President Trump’s Tariffs

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

Number of Hedge Fund Holders In Q3 2024: 40

Cleveland-Cliffs Inc. (NYSE:CLF) is another American steel company. Its shares have been driven by lower steel prices due a lower construction and industrial activity and a buyout attempt of US Steel from Japan’s Nippon Steel. Cramer has previously shared that in case Nippon’s bid for US Steel fails to follow through, then Cleveland-Cliffs Inc. (NYSE:CLF) could become a contender for the firm. He believes that the firm is close to President Trump and could leverage the relationship to its advantage. His latest remarks for Cleveland-Cliffs Inc. (NYSE:CLF) surrounded potential tariffs against Mexico helping US steel companies by restricting Chinese steel shipments from the country:

“Although remember Cliffs went and pre-announced today. I mean get in there and buy some Cliffs.”