Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 1/7/25
Jan 8, 2025
Lorenzo Gonsalves, President and CEO of Cleveland-Cliffs, delves into the legal battles following the blocked acquisition of U.S. Steel by Nippon Steel, raising significant questions about national security. He highlights the impact of recent federal actions on the steel industry, emphasizing challenges like overcapacity and international competition. The discussion also covers insights into tariffs and market dynamics, offering a glimpse into the future of steel manufacturing in the U.S. amidst ongoing controversies.
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Sell Speculative Stocks
- Dump speculative stocks like those in nuke and quantum computing.
- It's not too late to sell these so-called garbage stocks.
Rate Worries
- Rising long rates, triggered by strong service provider survey results, spooked investors.
- They fear the Fed might not cut rates soon, questioning its credibility.
Historical Context on Rates
- Historically, stocks performed well even with 6% long rates.
- A drop to 4.5% could make current pullback a buying opportunity.