Jim Cramer praises Nucor, emphasizing its positive qualities and strong position in the market

From Yahoo Finance: 2025-04-07 11:37:00

Jim Cramer discussed Nucor Corporation (NYSE:NUE) and its position among other stocks. Cramer addressed concerns about stagflation, dismissing fears of economic weakness and inflation. He highlighted worries about President Trump potentially firing Fed Chairman Jerome Powell due to high interest rates. Cramer believes the market has already priced in these concerns.

Cramer emphasized the need to stay positive amidst market negativity. He mentioned the positive qualities of being right and questioned the accuracy of stock futures predictions. Despite the prevailing negativity, Cramer stressed the importance of being optimistic in the market.

Nucor Corporation (NYSE:NUE) is the largest steel manufacturer in America. Cramer has highlighted the impact of Chinese steel imports, President Trump’s tariffs, and Nippon Steel’s acquisition of US Steel on Nucor’s stock. With NUE ranking 8th on the list of stocks discussed by Cramer, its scale and performance in the sector make it a top pick. Investors are advised to consider AI stocks with higher potential returns than NUE, one of which trades at less than 5 times its earnings. For more information on this promising AI stock, check out the report on the cheapest AI stock for massive gains. No disclosures mentioned. Source: Insider Monkey.



Read more at Yahoo Finance: “I always want to buy Nucor”