Jim Cramer Says Tech Might Be “Favored” & Discusses 13 Stocks

Page 6 of 12

7. Nucor Corporation (NYSE:NUE)

Number of Hedge Fund Holders In Q4 2024: 51

Nucor Corporation (NYSE:NUE) is the largest steel manufacturer in America. It’s a classic industrial stock that thrives when the economy is booming. Given higher interest rates and inflation, it’s unsurprising that Nucor Corporation (NYSE:NUE)’s shares are down by 37% over the past year. In his. previous remarks, Cramer has blamed the firm’s woes on cheap Chinese steel flooding the US market and wondered if President Trump could put a stop to it. This time around, he linked Nucor Corporation (NYSE:NUE)’s shares to a potential approval of Nippon Steel’s acquisition of US Steel:

“You sell Nucor. Sell Nucor if that [if Nippon’s deal for US Steel is approved] happens. Sell it.”

Page 6 of 12