Jim Cramer Says "Nucor's the Best Steel Maker in the World"

Nucor Corporation (NYSE:NUE) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer started his game plan with the stock and stated:

“How about earnings? Monday night, our largest steel company reports. That’s Nucor, and I think we’re going to hear plenty of praise for President Trump’s tariffs that have kept other countries from dumping their government-subsidized steel into our country at excessively low prices. China wiped out most of our steel producers except for Nucor and Cleveland-Cliffs. Nucor’s the best steel maker in the world, but it can’t transcend what amounts to a sluggish environment away from the data center. In this economy, I can’t expect a blowout, even as I do like the company very much. Too bad. Might be an opportunity, though.”

Nucor Corporation (NYSE:NUE) manufactures and sells steel and steel products, including sheet, plate, bar, and structural steel. The company also produces raw materials like direct reduced iron and scrap metal.

While we acknowledge the potential of NUE 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 the best 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.