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We recently published a list of Jim Cramer Was Talking About These 10 Stocks Amid Trump’s Trade Wars. In this article, we are going to take a look at where Nucor (NYSE:NUE) stands against other stocks that Jim Cramer was talking about amid Trump’s trade wars.
Jim Cramer in a latest program on CNBC urged investors to start accepting the reality of the new economic system under President Trump and said the new tariffs will result in higher prices and more volatility. Cramer said Trump does not “care” about stock prices or inflation and wants to punish the country’s trading partners.
“Yes, I want this over. Yes, I want clarity. I want some sense of how this can all end, but that makes me a fool like the rest of us. We keep thinking that’s the point. That’s how… that’s not how Trump sees it. Here is the point: we should simply be looking at companies that cater to small- and medium-sized businesses that can’t be hurt by tariffs. We need to accept a higher level of inflation because it’s coming. We should take our out some money and put it on the sidelines, betting that this will end someday, even if we don’t know when. But right now, we have to get with the program and the president. The program is taking down our trading partners and hurting bottom lines all over the place. He doesn’t care. He demonstrated that tonight. So you better get used to it.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article we picked 10 stocks Jim Cramer was talking about over the past few weeks. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close-up of a worker inspecting a galvanised sheet steel product in a well-lit warehouse.
Nucor Corp (NYSE:NUE)
Number of Hedge Fund Investors: 32
Jim Cramer recently talked about Nucor (NYSE:NUE) during a program on CNBC. Here is what he said:
“Claudia Sheinbaum, the president of Mexico, is totally on board with Chinese steel. Now, the way they’ve been getting steel into this country, China is through Mexico. If she shuts that down, it really demonstrates that she shut it down. She’s going to be able to cut a better deal than anybody else in the world, and that means that steel prices are going to go up, no matter how soft you think the economy is. They’re using a 167 target. I would say this thing can go back to its high, maybe go to the 180s. So, if you—this is a great company, it’s the best steel company in the world, largest in America, and I just think if you really are bullish—not the put, the call, that’s whatever, I—that’s option talk—if you think that the president’s plan has gravitas, go buy NUE.”