Cleveland-Cliffs (CLF) Soars 17.9%: Is Further Upside Left in the Stock?

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]