The most recent trading session ended with Cleveland-Cliffs (CLF) standing at $7.91, reflecting no shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.74%. On the other hand, the Dow registered a gain of 0.05%, and the technology-centric Nasdaq increased by 1.26%.Coming into today, shares of the mining company had lost 15.22% in the past month. In that same time, the Basic Materials sector lost 2.61%, while the S&P 500 lost 4.77%.Investors will be eagerly watching ...

Company Performance - Cleveland-Cliffs closed at $7.30, with a daily increase of +1.67%, outperforming the S&P 500's gain of 0.13% [1] - Over the past month, Cleveland-Cliffs shares have declined by 24.9%, significantly underperforming the Basic Materials sector's loss of 4.72% and the S&P 500's loss of 6.3% [1] Upcoming Earnings - The company's earnings report is scheduled for May 7, 2025, with an expected EPS of -$0.62, indicating a 444.44% decline from the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $4.6 billion, down 11.5% from the previous year [2] Full Year Projections - For the full year, the Zacks Consensus Estimates predict an EPS of -$0.72 and revenue of $20.16 billion, reflecting changes of +1.37% and +5.08% respectively from the prior year [3] Analyst Estimates - Recent adjustments to analyst estimates for Cleveland-Cliffs are crucial as they reflect short-term business trends [4] - Positive estimate revisions are seen as a sign of optimism regarding the company's business outlook [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [6] - Over the past month, the Zacks Consensus EPS estimate for Cleveland-Cliffs has decreased by 30.77%, and the company currently holds a Zacks Rank of 3 (Hold) [6] Industry Context - Cleveland-Cliffs operates within the Steel - Producers industry, which is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

In the latest market close, Cleveland-Cliffs (CLF) reached $7.34, with a +0.82% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 1.81%. At the same time, the Dow added 1.56%, and the tech-heavy Nasdaq gained 2.06%.The mining company's shares have seen a decrease of 25.18% over the last month, not keeping up with the Basic Materials sector's loss of 7.52% and the S&P 500's loss of 6.14%.The upcoming earnings release of Cleveland-Cliffs will be of great interest to investors ...

Everyone is in shock at the sharpest drop in the S&P 500 index recently, bringing back prices not seen since September 2024. The recent volatility breakouts are a function of President Trump's recent trade tariffs, which took effect at the start of April 2025 on most of the biggest trade partners with the United States economy. That being said, chaos in one market area typically creates opportunities in another, and there is a big one today. The main purpose, or goal, behind these tariffs is to incentivize ...

Be careful what you wish for.Shares of U.S. steelmaker Cleveland-Cliffs (CLF -16.90%) plunged 16.9% on Thursday, which was significantly worse than the 4.8% plunge experienced by the S&P 500 index.Some might be confused as to why Cleveland-Cliffs, a domestic steel supplier, would be down so much on last night's sweeping tariff announcements from the Trump administration. After all, Cleveland-Cliffs is one of the larger domestic steel producers in the United States. So aren't the administration's tariff poli ...

President Donald Trump's fresh round of 25% auto import tariffs is shaking up the metals market, and JPMorgan analyst Bill Peterson sees near-term headwinds for key players in steel, aluminum, and copper. While domestic production incentives should help Cleveland-Cliffs Inc. CLF and Constellium SE CSTM in the long run, rising costs and inflationary pressures could stifle demand. JPMorgan's U.S. Auto team expects vehicle prices to climb another 5%, with core PCE inflation now forecasted at 3.1% this year. Th ...

Cleveland-Cliffs Inc.'s (CLF) shares closed at $9.40 yesterday, close to their 52-week low of $8.50.The company’s shares have lost 26.3% in the past six months, underperforming the Zacks Mining – Miscellaneous industry’s decline of 12%. The bearishness is due to the underlying challenges in the U.S. steel industry, partly stemming from the weakness in steel prices, which have triggered a downward revision in CLF’s earnings estimates.Technical indicators show that CLF has been trading below the 200-day simpl ...

Iron & steel stock Cleveland-Cliffs Inc (NYSE:CLF) was last seen down 3.5% at $9.20, after news broke that the steel producer will temporarily idle two Minnesota facilities. The move, reported by the Star Tribune, will result in hundreds of job cuts as auto manufacturers scale back orders in response to uncertainty surrounding President Donald Trump’s evolving tariff policies.On the charts, CLF sports a 2.2% year-to-date deficit. The equity is also off 57.1% over the last 12 months and heading for its worst ...

Group 1 - The article discusses the subscription service Beyond the Wall Investing, which offers access to high-quality equity research reports, potentially saving investors thousands of dollars annually [1] - Cleveland-Cliffs (CLF) is highlighted as a stock that has been underperforming the market despite the author's belief in its potential [1] - The investing group provides features such as a fundamentals-based portfolio, weekly analysis from institutional investors, and alerts for short-term trade ideas based on technical signals [1] Group 2 - The article emphasizes that past performance is not indicative of future results, and no specific investment recommendations are provided [2] - It notes that the views expressed may not reflect those of Seeking Alpha as a whole, and the analysts involved may not be licensed or certified [2]

Industry Overview - The U.S. steel industry is experiencing a pivotal moment due to the 25% tariff on all steel imports imposed by the Trump administration, aimed at revitalizing domestic production and reducing import dependency [1] - The tariffs have positively impacted U.S. steel prices, which had previously declined sharply due to increased imports and weaker demand [1][4] Company Impact - American steelmakers such as Nucor Corporation, Steel Dynamics, Cleveland-Cliffs, and United States Steel Corporation are expected to benefit from higher prices and reduced competition from cheaper imports [2] - Nucor and Steel Dynamics currently hold a Zacks Rank of 3 (Hold), while Cleveland-Cliffs has a Zacks Rank of 4 (Sell), and United States Steel Corporation holds a Zacks Rank of 5 (Strong Sell) [3] Price Trends - Benchmark hot-rolled coil (HRC) prices fell over 40% last year, dropping from $1,200 per short ton at the beginning of 2024 due to oversupply and reduced demand [4] - Recently, HRC prices have surged above $900 per short ton, reflecting a more than 30% increase this year, driven by expectations of reduced foreign supply and improved domestic demand [5] Long-term Benefits - The tariffs are expected to encourage reinvestment in U.S. manufacturing capabilities, leading to potential job creation and expansion of operations in key steel-producing regions [6] - This aligns with the broader goals of strengthening American manufacturing and reducing reliance on foreign production, particularly from China [6] Trade Concerns - Retaliatory tariffs from trading partners like Canada and the European Union pose risks to American exporters and could dampen the broader economic benefits of the steel tariffs [7] - The potential for a global trade war could disrupt trade flows and negatively impact overall economic growth, which may weaken long-term demand for steel [8] Future Outlook - The future trajectory of the U.S. steel industry will depend on global trade negotiations, domestic demand, and the ability of manufacturers to manage higher input costs [9] - If the tariffs lead to increased investment without significant economic fallout, it could signify a new era for American steel [9]