This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer's Action Alerts PLUS

We're Buying More Nucor

By Jim Cramer and the AAP Team | 2017-08-17 14:12:41.0
Actions Taken:
Symbol Action # Shares Traded Recent Price % of Portfolio* Shares Owned*
NUE Buy 50 $54.87 0.0418 2050

* Indicates results after trade.

We will purchase 50 shares of Nucor (NUE) at roughly $54.87 after you receive this Alert. Following the trade, NUE will represent 4.18% of the portfolio. 

We are adding a small amount to our share position of Nucor as we believe today's selloff is not reflective of our outlook for the company. In addition, we believe this represents a great opportunity to further lower our basis. 

The stock is moving sharply lower during today's trading due to the market selloff and downgrade from an analyst. The stock was downgraded due to spread and volume pressures in the steel industry that will impact Nucor's bottom line. While investors may think this could cause another pre-announcement on earnings from NUE management, we note that the last time this occurred the stock was able to swiftly rebound. That being said, we believe the company should be trading higher based on its fundamentals and history of performance. 

In addition, we see upside in the name based on our anticipation of an announcement made by the Trump administration on a Section 232 trade investigation regarding steel imports. Should this occur, we expect the demand for domestic steel to rise, along with its price. This will benefit NUE as its earnings would improve due to the absence of cheap Chinese steel imports pressuring the U.S. industry. 

To summarize, the combination between this strong catalyst event and the fundamentals simply being better than this price level are both driving our purchase today.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long NUE.

Adding More Eli Lilly on This Down Day
Stocks in Focus: LLY, AAPL, AVGO, ANET

We will reduce our cost basis with this purchase.

08/17/17 - 01:04 PM EDT
This Is Why We've Raised Cash
Stocks in Focus: WFC

Uncertainty over rate hike and other areas spurs volatility.

08/17/17 - 11:38 AM EDT
Weekly Roundup
Stocks in Focus: DXC, XEC, ATVI, LLY, ITW, WDC, WFC, ABT, AGN, AVGO, CMCSA, DHR, EZU, FB, GE, GOOGL, KEY, MMP, NUE, SLB, TJX, AAPL, ARNC, C, DOW, LUV, NWL, NXPI, PEP, APA, SBUX

Markets see volatility as geopolitical tensions rise. We closed out one tech position and initiated another.

08/11/17 - 05:55 PM EDT

Markets

Chart of I:DJI
DOW 21,838.01 -186.86 -0.85%
S&P 500 2,442.50 -25.61 -1.04%
NASDAQ 6,259.1312 -85.9779 -1.35%

Action Alerts PLUS Holdings

Holdings 1

Stocks we would buy right now

Symbol % Portfolio
Weighting
Industry
ABT 0.009234270759799369 Health Services
AGN 0.04627941243568251 Drugs
ATVI 0.03218845461947547 Computer Software & Services
AVGO 0.023214938091402963 Electronics
CMCSA 0.030129946889979813 Media
DHR 0.03474782621918542 Health Services
DXC 0.03141325944270117 Computer Software & Services
EZU 0.015440667844482246
FB 0.06250662068385442 Internet
GE 0.021722389796390074 Industrial
GOOGL 0.05205841064411123 Internet
ITW 0.025550938912008807 Industrial
KEY 0.013342730801772541 Banking
MMP 0.03373512522649443 Energy
NUE 0.04076098247165417 Metals & Mining
NVDA 0.012100335460877078 Electronics
SLB 0.032948770810131256 Energy
TJX 0.04972705950666742 Retail
XEC 0.032593906991204825 Energy
Holdings 2

Stocks we would buy on a pullback

Symbol % Portfolio
Weighting
Industry
AAPL 0.041351306245905994 Consumer Durables
ARNC 0.02005761723705545 Industrial
C 0.031120329403493043 Banking
DOW 0.03248315153828518 Chemicals
LUV 0.01795075280267464 Transport
NXPI 0.023034344397389567 Electronics
PEP 0.026509889567346682 Food & Beverage
Holdings 3

Stocks we would sell on strength

Symbol % Portfolio
Weighting
Industry
APA 0.03372043222770241 Energy
NWL 0.011241817961839134 Consumer Durables
SBUX 0.023746861845139643 Leisure