Cramer's Steel Plays
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Date updated:04-25-2007

"We are witnessing a miraculous re-valuation of the steel stocks, one that is, quite frankly, breathtaking in its breadth. The reasoning is threefold:

1) takeovers, which continue unabated globally;
2) demand from China, which seems almost endless, the way it was for this nation in the early 1900s; and
3) low valuations.

He likes 3 "really cheap" steel stocks.

symbol name last price % change open
  • +
  • RS
    Reliance Stl & Al
  • $39.62
  • -1.07%
  • $39.78

Reliance reported last week and it was a beautiful thing, yet the stock is still cheap and still a possible take-out.

People owning RS also tend to own: ATINUEOSXCLCTKFRCPBY

TheStreet.com Rating: C What is this?

  • +
  • X
    United States Ste
  • $38.08
  • -1.63%
  • $38.56

U.S. Steel has rallied, but Cramer believes it will continue to go higher when it reports tomorrow. It's a consolidator, which gives it great growth which people love.

People owning X also tend to own: ATINUEOSRSLENRYLADP

TheStreet.com Rating: D+ What is this?

  • +
  • ATI
    Allegheny Tech Ne
  • $32.83
  • -2.98%
  • $33.60

Cramer thinks Allegheny could be a gigantic beat. Cramer has flogged this stock endlessly and it seems extended at 21 times earnings for this year, but Cramer thinks that the estimates are way too low and that we will see huge revisions.

People owning ATI also tend to own: AAAMECAGCEGCMICOLCOP

TheStreet.com Rating: C What is this?

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