Steel Dynamics was downgraded to hold from buy at TheStreet Ratings on May 21. TheStreet Ratings gives Steel Dynamics a C grade. The stock closed Friday to $10.66 and has fallen 18.94% year to date.
Renewable energy players took a beating in pre-market trading Wednesday, while fossil fuels focused companies, which are not expected to be widely affected by a Trump presidency, were also slipping.
Oil prices tanked today after the U.S. Energy Information Administration reported strong inventory build-up.
Deutsche Bank's problems have investors worried about another Lehman failure, Cramer says.