Jim Cramer Recently Discussed These 15 Stocks & The California Wildfires

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

Number of Hedge Fund Holders In Q3 2024: 40

Cleveland-Cliffs Inc. (NYSE:CLF) is another steel company that is entering 2025 with a tough 2024 on its back. Its shares lost 55% last year as steel prices dropped and the firm missed multiple earnings estimates. In 2025, Cleveland-Cliffs Inc. (NYSE:CLF)’s shares have gained 9% year-to-date. This is despite the fact that the US industrial outlook hasn’t improved. The stock has performed well due to Nippon Steel’s faltering bid to acquire US Steel. Cleveland-Cliffs Inc. (NYSE:CLF) is in play to acquire US Steel as well, and here’s what Cramer said about the events:

“Look I think that we have to think twice about whether this one would be uh, Trump would kill it. I know when Trump was running he was against the idea of Cleveland Cliffs, or he was against the idea of Japan, it’s Nippon. Not Cleveland Cliffs. But I will say, Cleveland Cliffs very close to President-elect Trump, and I think that there is a possibility that something could happen here. So I do believe, when you speak to Lorenzo Goncalves, I’m telling you David, he is so close to Trump that I really think that Lorenzo has got it done. I think that this is a very interesting deal. I think it’s fabulous for Nucor. Nucor’s the one that I would buy.

“I’ve been saying Cliffs gets this from the beginning. I’ve been saying Cliffs gets this from the beginning. I’m doubling down. They’re gonna get it. Cliffs is gonna get it. Lorenzo’s a winner.”