Company Overview - Cleveland-Cliffs (CLF) shares increased by 17.9% to $11.84 in the last trading session, with a higher-than-average trading volume [1] - The stock has shown a 1.4% gain over the past four weeks [1] Market Impact - The surge in CLF's shares followed President Trump's executive orders imposing 25% tariffs on all steel and aluminum imports into the U.S., which is expected to boost U.S. steel prices and protect domestic manufacturers [2] Financial Performance Expectations - Cleveland-Cliffs is anticipated to report a quarterly loss of $0.56 per share, reflecting a year-over-year decline of 1020% [3] - Expected revenues for the upcoming quarter are $4.31 billion, down 15.6% from the same quarter last year [3] Earnings Estimate Revisions - The consensus EPS estimate for Cleveland-Cliffs has been revised 12.1% lower in the last 30 days [4] - A negative trend in earnings estimate revisions typically does not lead to price appreciation, indicating potential caution for future stock performance [4] Industry Context - Cleveland-Cliffs is categorized under the Zacks Mining - Miscellaneous industry, where Globe Specialty Metals (GSM) also operates [4] - Globe Specialty Metals' shares increased by 5.5% to $4.02, but it has returned -2.8% over the past month [4] - GSM's consensus EPS estimate for the upcoming report remains unchanged at -$0.01, representing a year-over-year change of -111.1% [5]

Market Overview - Markets opened positively, with the Dow up 167 points (+0.38%), S&P 500 up 40 points (+0.67%), Nasdaq up 190 points (+0.98%), and Russell 2000 up 7.9 points (+0.35%) [1] Steel Industry - Cleveland-Cliffs (CLF) shares surged by 18% on the day and are up 26% year-to-date, indicating strong market response to the steel tariff news [2] - Other steel companies like Nucor (NUE) and Alcoa (AA) experienced modest gains, reflecting a more tempered market reaction [2] Earnings Reports - Vertex Pharmaceuticals (VRTX) reported Q4 earnings of $3.98 per share, missing expectations by a penny, but revenues of $2.91 billion exceeded the $2.77 billion forecast, leading to a slight increase in share price [3] - Lattice Semiconductor (LSCC) reported Q4 earnings of 15 cents per share, below the anticipated 19 cents, but revenues of $117.4 million slightly surpassed expectations, resulting in a 14% increase in after-market trading [4] Upcoming Events - Fed Chair Jerome Powell is scheduled to testify before Congress, marking his first address since President Trump returned to office, which may impact market sentiment [4] - Notable earnings reports expected include Coca-Cola (KO), Marriott (MAR), and Shopify (SHOP) before market open, with DoorDash (DASH), Gilead Pharma (GILD), and Lyft (LYFT) reporting after the close [5]

Shares of steel producer Cleveland-Cliffs (CLF 11.60%) were moving higher today as steel stocks jumped broadly after President Trump said on Sunday that he would impose 25% tariffs on all steel and aluminum imports to the U.S. The news was seen as a positive for U.S. steel producers like Cleveland-Cliffs as it should lead to less competition and higher prices.As of 9:45 a.m. ET, the stock was up 14.1% on the news. The trade war heats upEconomists and investors are generally against trade wars and tariffs, b ...

Shares of Cleveland-Cliffs Inc. CLF are trading higher Monday. This follows President Trump's vow to impose a 25% tariff on steel and aluminum imports. Investors believe that this will help domestically based companies like Cleveland-Cliffs.The stock could be breaking out and the downtrend that began a year ago may finally be over. This is why it is our Stock of the Day.When a stock is trending lower, the market is full of ‘buyer's remorse'. People buy shares and come to regret doing so when the stock falls ...

Cleveland-Cliffs Inc. (CLF) has released its preliminary fourth-quarter and full-year 2024 financial results. On Nov. 1, 2024, the company closed the acquisition of Stelco Holdings Inc. Due to the accounting integration linked with the transaction, only selected preliminary financial information is currently accessible, CLF noted. The company intends to release its comprehensive fourth-quarter and full-year 2024 earnings after the closing bell on Feb. 24, 2025. The financial results expectations include Ste ...

Financial Results - Cleveland-Cliffs Inc. announced preliminary fourth-quarter and full-year 2024 financial results for the period ended December 31, 2024[8]. - The financial results and details of the offering were disclosed in press releases attached as Exhibits 99.1, 99.2, and 99.3[11]. Notes Offering - The company launched a private offering of $850 million aggregate principal amount of Senior Guaranteed Notes due 2031, with an annual interest rate of 7.500%[10]. - The Notes offering is expected to close on February 6, 2025, subject to customary closing conditions[10]. - The Notes will be issued at par and are exempt from the registration requirements of the Securities Act[12]. - The company has not registered the Notes under the Securities Act and they may not be offered or sold in the United States without registration or an applicable exemption[12]. Company Information - The company’s principal executive offices are located at 200 Public Square, Suite 3300, Cleveland, Ohio[2]. - The trading symbol for Cleveland-Cliffs Inc. is CLF, listed on the New York Stock Exchange[3]. - The company is not classified as an emerging growth company under the Securities Act[5]. Signatory - The report was signed by James D. Graham, Executive Vice President, Chief Legal and Administrative Officer & Secretary[17].

Cleveland-Cliffs Inc. (CLF) shares have lost 33.6% in the past six months, underperforming the Zacks Mining – Miscellaneous industry’s decline of 7.2%. The bearishness is partly due to the underlying challenges in the steel industry as reflected by the significant retreat in U.S. steel prices due to a combination of demand slowdown and oversupply, which have triggered a downward revision in CLF’s earnings estimates.CLF is currently trading at a roughly 56% discount to its 52-week high of $22.97 reached on A ...

GERMANY - 2025/01/08: In this photo illustration, the United States Steel Corporation (U.S. Steel) ... [+] logo seen displayed on a monitor. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesUnited States Steel stock has dropped almost 25% in the last one year, compared to the S&P500 index which has gained 24% during the same time. U.S. Steel’s stock price movement is aligned to that of its peers, including Cleveland Cliffs (NYSE: CLF), wh ...

Cleveland-Cliffs (CLF) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this mining company have returned +7.3% over the past month versus the Zacks S&P 500 composite's -3.3% change. The Zacks Mining - Miscellaneous industry, to which Cleveland-Cliffs belongs, has lost 4% over this period. Now the key question is: Where could the stock be headed in the nea ...

In the latest market close, Cleveland-Cliffs (CLF) reached $10.24, with a +0.2% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 1.83%. Meanwhile, the Dow experienced a rise of 1.65%, and the technology-dominated Nasdaq saw an increase of 2.45%.The the stock of mining company has risen by 3.34% in the past month, leading the Basic Materials sector's loss of 6.01% and the S&P 500's loss of 3.31%.Market participants will be closely following the financial res ...