Why The Bifurcation Of Iron Ore Markets Is Bullish For Cleveland-Cliffs [Seeking Alpha]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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clevelandcliffs.com/investors/overview/default.aspx
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Source: Seeking Alpha
Why The Bifurcation Of Iron Ore Markets Is Bullish For Cleveland-Cliffs Introduction Recently a friend of mine asked me about the long term prospects of Cleveland-Cliffs ( CLF Paris Agreement RIO its pellets for the foreseeable future. The Bifurcation of Iron Ore Markets: Cleveland-Cliffs vs. Rio Tinto This past week, Cleveland-Cliffs opened at $10.85 on Monday, March 4th and closed on Friday March, 8th at $9.78, a drop of $1.07 or 9.86%. What was curious about this significant drop is the fact that Cliffs had no negative news released during this time frame, and in my opinion has no fundamental issues that would warrant such a drop. I think the volatility over the last week has been largely due to the fact that some major investment banks like UBS downgrade on Rio Tinto. I think the above is just the broad market sentiment on iron ore since the proxy for the health of iron ore stocks is essentially the 62% Fe index (for better or worse). As the forecast goes up or down for 62% Fe fin
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CLF
News
- Cleveland-Cliffs Inc. (NYSE: CLF) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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- Cleveland-Cliffs Q1 2024 Earnings: Capital Allocation And Costs Are In The Spotlight [Seeking Alpha]Seeking Alpha
- Seeking Clues to Cleveland-Cliffs (CLF) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Biden takes action against China's unfair practices to protect US steel and shipbuilding industries [FOX Business Network]FOX Business Network
CLF
Earnings
- 1/29/24 - Beat
CLF
Sec Filings
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- CLF's page on the SEC website