Jim Cramer on Cleveland-Cliffs: “There’s a Sense That Business Will Only Get Better”
Cleveland-Cliffs Inc. (NYSE:CLF) is one of the stocks that Jim Cramer shared thoughts on. Cramer discussed the stock in light of the steel tariffs. He remarked:
“What do we make of this incredible comeback in Cleveland-Cliffs stock today, the vertically integrated steel maker focused on value-added steel products, particularly for the auto industry. This stock plunged from the low 20s early last year down to five bucks and change this past May when President Trump approved, and you know I’m against this, the Nippon Steel acquisition of U.S. Steel, which Cleveland-Cliffs also wanted to buy.
Photo by the blowup on Unsplash
Cleveland-Cliffs (NYSE:CLF) produces flat-rolled and stainless steel products, along with steel plates, electrical steel, and tubular components. Moreover, the company supplies raw materials like iron ore and provides metal processing services for industries such as automotive, infrastructure, and manufacturing.
While we acknowledge the potential of CLF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.
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.
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