Jim Cramer's Stop Trading! Bidding for Steel

He likes AK Steel, U.S. Steel and Wheeling Pittsburgh.
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The acquisition of

Bayou Steel

(BYAU)

shows the sector is ripe for consolidation, Jim Cramer said on

CNBC's

"Stop Trading" segment Friday.

Names such as

AK Steel

(AKS) - Get Report

,

U.S. Steel

(X) - Get Report

and

Wheeling Pittsburgh

(WPSC)

are possible benficiaries.

"You could wake up on Monday and any one of these could see a bid -- they're just too cheap," Cramer said. "I see more upside coming."

Copper is another hot spot, with names like

Southern Copper

(PCU)

poised to benefit.

Regarding a filing by Carl Icahn in which the billionaire investor said he might oppose the acquisition of

Lexar

(LEXR)

by

Micron

(MU) - Get Report

, Cramer said Icahn "should just be glad he got a bid and move on." Lexar "just has not figured it out at all," businesswise.

Cramer again praised brokerages

Goldman Sachs

(GS) - Get Report

,

Lehman Brothers

(LEH)

and

Bear Stearns

(BSC)

, this time citing the federal government raising its debt ceiling.

"When the government raises the ceiling on how much it can borrow, you should be thinking bond-trading," an area in which all three are powerhouses, Cramer said.

Cramer also said

Newell Rubbermaid

(NWL) - Get Report

could go to "$28 or $29 in the near future," thanks to new management.

At the time of publication, Cramer was long Southern Copper.

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