6 days ago
Cleveland-Cliffs Inc. (CLF): 'They Buy Almost All American,' Says Jim Cramer
We recently published . Cleveland-Cliffs Inc. (NYSE:CLF) is one of the stocks Jim Cramer recently discussed.
Cleveland-Cliffs Inc. (NYSE:CLF) is a steel company whose shares have gained 17.5% year-to-date. The firm has primarily benefited from President Trump's decision to clamp down on cheap Chinese steel flooding the US market, which is a phenomenon Cramer has regularly discussed in his show. The shares have recently gained on the back of key news such as divestitures and strong earnings performance. Here's what Cramer said about Cleveland-Cliffs Inc. (NYSE:CLF):
'I know Lorenzo Goncalves tonight. Uh, Cleveland-Cliffs, I've got him for Mad Money. He bought Stelco. Stelco, doesn't look good, bad. . .but it's absolutely true that the President doesn't want any steel made elsewhere. And that is, just another driving force.
bogdanhoda/
Previously, he discussed Cleveland-Cliffs Inc. (NYSE:CLF)'s balance sheet and exposure to the auto industry:
'Well I think that I wanted it [CLF] to win because I have been very suspicious of Nippon Steel which has had a history I believe of dumping in our country. And that is I'm getting that Dan DiMicco, the former CEO of Nucor who has continually told me the kind of dumping that we've seen around the world.
While we acknowledge the potential of CLF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
