Jim Cramer Talked About These 16 Stocks

8. United States Steel Corporation (NYSE:X)

Cramer expects United States Steel Corporation (NYSE:X) to perform well. He remarked, “Cleveland-Cliffs and US Steel should do well too. They’re not as good as Nucor, but they’re good.”

United States Steel Corporation (NYSE:X) is a prominent producer of flat-rolled and tubular steel products, with operations primarily in North America and Europe. Its stock prices rallied last week after the election results were in favor of Donald Trump. The market sentiment is that Trump’s policies, which historically favored tariffs on imports and tax cuts for corporations, would benefit U.S.-based steel companies like U.S. Steel.

In the third-quarter earnings call, the company’s management discussed how the company’s free cash flow profile has significantly improved over the past decade. From 2015 to 2019, the company’s free cash flow generation was essentially breakeven. However, the company now anticipates that its average free cash flow could reach about $1 billion annually from 2021 to 2024.

Management also highlighted that 2024 is expected to be a pivotal year for the company, with all ongoing projects beginning to generate EBITDA and cash flow for at least part of the year. Additionally, for the fourth quarter, United States Steel Corporation (NYSE:X) projects adjusted EBITDA to be between $225 million and $275 million. While the North American Flat-Rolled segment is expected to see a slight decrease in results, primarily due to lower expectations for average selling prices, the Mini Mill segment is expected to improve during the same period.