Jim Cramer Gives His Opinion On L Brands And AK Steel


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Jim Cramer said on CNBC's Mad Money that he can't recommend a long position in the retail sector because it's challenged by the border tax and the mall problems. He would not buy L Brands Inc (NYSE: LB).

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Instead of buying AK Steel Holding Corporation (NYSE: AKS), Cramer would rather buy Nucor Corporation (NYSE: NUE). Cramer believes that AK Steel dropped 1.62 percent on Friday, because it became overbought.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: CNBCJim CramerMediaMad Money