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We recently published a list of Jim Cramer Talked About These 13 Stocks. In this article, we are going to take a look at where Nucor Corporation (NYSE:NUE) stands against other stocks that Jim Cramer discusses.
A caller asked if they should buy Nucor Corporation (NYSE:NUE) stock for their retirement portfolio. Here’s what Mad Money’s host had to say:
“You know, Nucor’s a very… let me just go over this for a second. Nucor sells at a price that looks very cheap, but if we have a recession, people keep dumping this stock. I want you to own this for the long term. I think it would be a terrific situation, but don’t expect it to turn up anytime soon because people, so many people think we’re going into recession.”
A close-up of a worker inspecting a galvanised sheet steel product in a well-lit warehouse.
Nucor (NYSE:NUE) makes and distributes various steel products to buyers across North America. The company is also involved in creating and handling raw materials used in steel production and other industrial uses. In April, appearing on Squawk on the Street, Cramer remarked:
“I got concerned about Nucor bought back a lot of stock high. I mean buybacks, if not done with precision can really make it so that you don’t have enough cash. But Nucor’s a great company. So is RH.”
Overall, NUE ranks 10th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of NUE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NUE and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
