Was Jim Cramer Right About Nucor Corporation (NUE)?

We recently published a list of 13 Stock Predictions That Jim Cramer Got Completely Wrong. In this article, we are going to take a look at where Nucor Corporation (NYSE:NUE) stands against other stocks that Jim Cramer discusses.

During a recent episode of Mad Money, which aired on Monday, the 5^th of May, Jim Cramer gave some personal anecdotes from his experience as an investor. He emphasized the importance of savings, starting early and investing as much as one can afford:

“If you don’t have enough money or the time to own a stock portfolio, you can only own one or two stocks, send the money in, as little money as you can, to an index fund, to one of these big mutual funds.”

READ ALSO: Jim Cramer Absolutely Nailed These 11 Stock Predictions and Did Jim Cramer Hit or Miss On These 13 Stock Predictions?

Jim Cramer gave advice to his viewers about stock picking and which investing accounts to use. He also warned them to not treat investing the same way as gambling and to not chase hype:

“So here’s the bottom line: You want to get started, go small, invest [in] what you know, research intensely, just research, research, research… It’s as simple as a keystroke and the information’s free, including up-to-the-minute financials, analyst presentations, brokerage research, and of course, the conference calls that I tell you are a must if you want to actually know what you’re doing. Simple? No. Lucrative? You bet it is.”

Our Methodology

For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during Mad Money episodes that aired on the 5^th and 6^th of May 2024. We then calculated their performance for the past 12 months, until May 6^th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.

Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Nucor Corporation (NYSE:NUE)

Number of Hedge Fund Holders: 51

When a caller asked about Nucor Corporation (NYSE:NUE), Cramer responded cautiously optimistic. He noted recent weakness in steel pricing but still leaned bullish. Here’s what he said back then:

 “Nucor, they make many different steel many different kinds of steel, and one of their kinds of steel did have a decline in price and people are saying that that’s very bad for the company. I like Nucor very much; you are going to have to deal with a bit of turbulence here as it comes down but I’m leaning toward buying it not selling it.”

Cramer’s buy recommendation was off the mark as the stock sunk by 31.67% since then.

Nucor Corporation (NYSE:NUE) is one of the largest steel producers in the U.S., known for its mini-mill production model. Ahead of its most recent earnings report, here’s what Cramer had to say:

“So many people are worried about a tariff-induced recession. Steel giant Nucor reports on Monday, and they’re really at the crossroads of both. This domestic steel company, the best there is in the world, it’s been hammered by economic weakness, but they also directly benefit from the tariffs as they should. The world dumps steel on USA. It’s been known for years. And if we didn’t do anything about it, if we didn’t protect our steel companies, we would have no steel, nothing would be made in this country. So let’s hear what they have to say.”

Overall, NUE ranks 6th 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 some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NUE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.