Why Jim Cramer Likes Cleveland-Cliffs Amid Inflation Worries

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Looking for a stock play that's safe from the volatility around inflation?

"Tugging the market in different directions Tuesday were Treasury Secretary Janet Yellen's comments that eventually, the Federal Reserve might have to raise interest rates to cool an overheating economy. These comments are, of course, nothing new, but they did appear different than those of Fed Chair Jay Powell just last week," wrote TheStreet's Scott Rutt in his Mad Money recap.

"Remember though that all stocks aren't hurt by inflation. Commodity producers like Freeport McMoRan (FCX) - Get Report, Cleveland-Cliffs (CLF) - Get Report and Nucor (NUE) - Get Report all benefit from rising prices, as do chemical makers like DuPont (DD) - Get Report. For the majority of other stocks, however, such as grocery stores like Kroger (KR) - Get Report, inflation can be devastating," he said.

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