Jim Cramer Discusses These 14 Stocks & Zero Day Options

7. Nucor Corporation (NYSE:NUE)

Number of Hedge Fund Holders In Q4 2024: 51

Nucor Corporation (NYSE:NUE) is the largest steel company in America. Its business model means the firm relies on robust economic activity to earn revenue. As a result, Nucor Corporation (NYSE:NUE)’s shares have lost 29% over the past year as weak economic activity has led to lower demand. Cramer, in tune with his teacher Peter Navarro, has also shared in his previous appearances that Nucor Corporation (NYSE:NUE) has struggled due to low steel prices because of cheap Chinese steel flooding the markets via Mexico. Naturally, his latest remarks revolved around tariffs and their effect on Nucor Corporation (NYSE:NUE):

“Well I think that’s one of the big problems is, the only company that is really in a position to, and they don’t really have something in Mexico, is Nucor. They can build, cause Nucor’s got the best capital structure. Nucor’s fantastic. And it’s been hurt. It’s been hurt by Chinese steel coming in from Mexico. And if they can cut that off, Nucor I think will put even more plants up. They put up plants in their ecosystem. They’ll put plants where there are no plants so to speak.”