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 ...

Company Overview - Cleveland-Cliffs Inc (NYSE:CLF) has seen its stock price decrease by 3.5% to $9.20 following the announcement of temporarily idling two facilities in Minnesota, leading to hundreds of job cuts due to reduced orders from auto manufacturers amid tariff policy uncertainties [1] Stock Performance - Year-to-date, CLF has a deficit of 2.2% and has declined by 57.1% over the past 12 months, approaching its worst weekly drop since mid-December, while trying to recover from a four-year low of $8.50 reached on March 11 [2] Short Interest - Short interest in CLF has increased by 28.6% over the last two reporting periods, with 54.24 million shares sold short, representing 11.2% of the stock's available float. It would take approximately three days for shorts to cover at the stock's average daily trading volume [3] Options Activity - The 10-day call/put volume ratio for Cleveland-Cliffs stock is 8.08, ranking in the 82nd percentile of annual readings, indicating that options traders have been significantly more bullish than usual over the past two weeks [4]

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]

Core Insights - The article discusses the investment analysis approach of Michael Del Monte, highlighting his extensive experience in various industries and his macro-value-oriented investment strategy [1]. Group 1: Analyst Background - Michael Del Monte has over 5 years of experience as a buy-side equity analyst [1]. - Prior to his current role, he spent over a decade in professional services across multiple industries including Oil & Gas, Oilfield Services, Midstream, Industrials, Information Technology, EPC Services, and Consumer Discretionary [1]. - His investment analysis is characterized by a macro-value-oriented approach, focusing on cross-industry analysis to make investment recommendations [1].

Core Insights - Cleveland-Cliffs reported a revenue of $4.33 billion for the quarter ended December 2024, reflecting a 15.4% decrease year-over-year, with an EPS of -$0.68 compared to -$0.05 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $4.31 billion by 0.27%, while the EPS fell short of the consensus estimate of -$0.65 by 4.62% [1] Financial Performance Metrics - External sales volumes for steel products were 3,827 tons, slightly above the estimated 3,819.69 tons [4] - The average net selling price per ton of steel products was $976, lower than the estimated $986.27 [4] - Steelmaking revenues totaled $4.17 billion, down 15.9% year-over-year, and below the average estimate of $4.23 billion [4] - Revenues from coated steel were $1.23 billion, a decline of 18.6% compared to the previous year, and below the estimated $1.38 billion [4] - Revenues from slab and other steel products were $249 million, representing a 20.7% decrease year-over-year, and slightly above the estimated $243.21 million [4] - Revenues from plate products were $232 million, down 30.1% year-over-year, and below the estimated $255.50 million [4] - Revenues from cold-rolled steel were $581 million, a 6.3% decrease year-over-year, and below the estimated $606.17 million [4] - Revenues from hot-rolled steel were $1.03 billion, a 7.8% decrease year-over-year, and above the estimated $910.07 million [4] Stock Performance - Cleveland-Cliffs shares returned +6.5% over the past month, outperforming the Zacks S&P 500 composite, which declined by -2.3% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]