We recently compiled a list Jim Cramer recently discussed these 15 stocks and the California wildfires.In this article, we’ll take a look at where United States Steel Corporation (NYSE: X ) stands relative to other stocks Jim Cramer has recently discussed.
Jim Cramer recently commented on the devastation caused by the California wildfire disaster on CNBC’s Squawk on the Street, and social media CEO Mark Zuckerberg spoke on The Joe Rogan Experience. Joe Rogan Experience) podcast appearance as well as rates. Cramer opened the show by talking about health care stocks, saying “health care stocks really haven’t moved much, so I think these stocks are actually a safe haven from higher interest rates.”
He added that export control rules enacted by the U.S. government to protect U.S. national security interests are severely hitting the market. “I still expect the 10-year rate to hit 5%,” Cramer said. [bond] But I have to tell you, the tone is horrific, and I think the tone is being set by the Biden administration with this last-minute, 200-page ruling on who gets artificial intelligence and who doesn’t. , “And then David, I have to tell you, I think Zuckerberg’s interview with Joe Rogan was groundbreaking.” The reason behind it is that Zuckerberg’s view of the company behind the iPhone shows that “you’ve done it, ever since history Nothing since Steve Jobs – this is the most disrespectful interview I’ve heard in a long time.
Returning to the issue of interest rate cuts, Cramer once again asserted that the Fed’s December rate cut made a wrong judgment on the economy. “The whole concept of a rate cut, rather than one or two rate cuts, has to be ruled out because it looks like the Fed has made some very serious miscalculations,” he said.
As for the fires, Cramer first said that “fires are not discussed enough.” The day the show aired, he was covering a J.P. Morgan health care conference. “I certainly want to ask everyone at the health care meeting what’s going to happen in terms of public health, what’s going to happen in terms of asthma,” Kramer outlined. In addition to the health care issues that come with disasters, he added: ” But more importantly, you know, Carl, there’s so much loss of life and destruction, it’s going to impact the economy and we don’t even know what’s going to happen yet.”
Whether it’s disasters or healthcare, the insurance industry has always been one of the centers of media coverage. Speaking of insurance, Cramer revealed, “Well, I have to tell you, California’s insurance system is so strict that you have to wonder why you bothered to write anything. Having a loss-sharing agreement sucks, and there’s a feeling I know It’s going to take longer for David to come back and the rebuilding job will be huge, but it’s clearly not done yet.
He added: “I think what’s going to happen if we’re going to talk about the economy is that one-fifth of the country is California. Obviously, that’s just the southern end and it’s probably going to be limited to Los Angeles. But you know David, that’s It’s one of those things that we can’t really think about, but we have to think about, trying to figure out what this means for the U.S. economy as a whole.
The CNBC host also shared his thoughts on some of the reasons behind the wildfires. “Yeah, I think we’re going to look at this and we’re going to say, this happened for a reason. The reservoirs aren’t working. There’s also some question of whether the firefighters are ready.” He linked the disaster to rates. , and commented: “But you know Carl, the bottom line is, if we’re going to talk about the economy, if we’re going to talk about cutting rates versus raising rates, then that’s at least the most important thing.” Maybe that’s one reason we have to pause, maybe When the smoke clears, that could mean things will slow down even more.
Kramer later returned to Zuckerberg’s podcast. According to him, “Zuckerberg. I mean I have to hand it to him, I mean he basically filed the case with the Department of Justice against” the iPhone designer. He added, “It’s almost like he sat down with the outgoing administration, Jonathan Kanter, and said, let me tell you what I think” about what the company is doing. Cramer concluded: “Because of everything he complained about, the Department of Justice complained about it. Carl, this was one of the most frustrating interviews. I can’t tell if Mark was happy or if he just basically said Apple is a shaft Evil Heart plays with others because they are all afraid.
As for whether Zuckerberg’s comments were an attempt to solidify his relationship with the incoming Trump administration, Cramer commented: “Well, let’s call him a savvy guy. He talked about liberals, but also some moment, you know he lives on a ranch, and he’s okay, so he’s pro-gun. However, Kramer added, “At one point, … it does have an extreme to it that I’m not used to anybody having. elements of doctrine. He also speculated whether Zuckerberg was aware of his tone in the interview. According to Cramer:
“I think Joe Rogan is seasoned enough to be ready for Mark to actually do this. I don’t know if Mark realizes how bad it sounds, which I think is a bit of a shame if only because he makes me feel like he’s Really despise a company we all love and I hope there is some pushback.
Our methodology
To list the stocks Jim Cramer talks about, we’ve listed all the stocks he mentioned on CNBC’s recent Squawk on the Street show
For these stocks we also mention the number of hedge fund investors. Why are we interested in stocks that hedge funds invest in? And it’s simple: Our research shows we can outperform the market by mimicking the top picks of the best hedge funds. Our quarterly newsletter strategy, which selects 14 small-cap and large-cap stocks each quarter, has returned 275% since May 2014 and beat the benchmark by 150 percentage points. (See more details here).
Aerial view of an industrial factory manufacturing welded pipes and tubes from stainless steel and galvanized carbon.
Number of hedge fund holders in Q3 2024: 57
U.S. Steel (NYSE: X) is a mid-sized U.S. steel manufacturing company that has been in the industry spotlight this year. This is because the company is (or was) acquired by Japanese company Nippon Steel. However, the Biden administration blocked the deal, sparking outrage and controversy in the industry. However, while Nippon Steel’s bid for U.S. Steel Corp. (NYSE: Here’s what Cramer had to say about the incident:
“Look, I think we have to think twice about whether Trump is going to kill it. I know he was campaigning against the idea of a Cleveland cliff, or he was opposed to the idea of Japan, which is Japan. Not a Cleveland cliff, but I would Said, Cleveland Cliff, very close to President-elect Trump, so I do believe that when you talk to Lorenzo Goncalves, I tell you very close, I really think Lorenzo is done. This deal, I think is great for Nucor.
OverallX Ranked 10 On our list of stocks Jim Cramer has recently discussed. While we acknowledge the potential of If you’re looking for an AI stock that’s more promising than X but is trading at less than 5 times its P/E, check out our report on the stock The Cheapest Artificial Intelligence Stocks.
Read next: 20 Best Artificial Intelligence Stocks to Buy Right Now and The complete list of 59 artificial intelligence companies with a market capitalization of less than $2 billion
Disclosure: None. This article originally appeared on Insider Monkey.
