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10. United States Steel Corporation (NYSE:X)

Number of Hedge Fund Holders In Q3 2024: 57

United States Steel Corporation (NYSE:X) is a mid-sized American steel manufacturing company that has been at the center of industry attention this year. This is because the firm is (or was) being acquired by Japanese company Nippon Steel. However, the Biden administration blocked the deal which created outrage and controversy in the industry. Yet, even though Nippon’s bid for United States Steel Corporation (NYSE:X) is now in the incoming Trump administration’s hands, a new bid from Cleveland-Cliffs and Nucor is taking shape. Here’s what Cramer had to say about the affair:

“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.”