Buy, Sell or Hold: Cleveland-Cliffs Inc. (CLF-N) — Stock Predictions at Stockchase

NYSE:CLF

23.85

2.69 (12.71%) 1d

Showing 1 to 11 of 11 entries

BUY

CLF made a deal today to buy Ferrous Processing. CLF has been turbulent, but its long-term trend remains intact. This deal secures a source of scarp metal for CC, which they can turn into steel--so this is a strategically important deal. This is the future of steel--of making steel out of scrap metal using electric furnaces. Steel is pricey and will come down eventually, but CLF is making money hand over fist, beacuse they buy cheap raw materials, but sell expensive end products. Also, CLF is delevering. Watch for their free cash flow when they report in a few weeks.

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SELL ON STRENGTH

He's buying this week's dip including Facebook, Skyworks and Cleveland Cliffs. He holds 35% cash. Some stocks he bought were down 20% this week, far below Monday's dip. Copper prices will remain stable. However, steel prices are so high, so Cleveland Cliffs is merely a short-term buy and he's looking for an exit if prices partially recover.

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HOLD

Buy this 14% dip? Hold if you own a lot and you haven't fallen below your ACB. Unless the economy collapses, CLF will go higher.

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PAST TOP PICK

(A Top Pick Jul 27/21, Up 0%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CLF has triggered its stop at $22. We recommend covering the remaining position at this time. Combined with the previous recommendation to cover half the position, this results in a total net investment return of 9%.

steel

BUY

Makes flatrolled steel. Steel prices have been strong. China is focused on improving environmental impact, so it's constraining supply. Next step might be tariff on exported steel. Their loss would be NA's win. CLF could boost earnings this year. Should benefit from infrastructure and as a recovery story. He owns Stelco.

steel

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PAST TOP PICK

(A Top Pick Jul 27/21, Up 18.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CLF has quickly achieved its $26 objective. We recommend trailing up the stop to the recommended entry level at $22 and setting the next upper objective at $30.

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DON'T BUY

Trades at around 4-5x earnings. Has a not-so-good balance sheet.

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TOP PICK

Stockchase Research Editor: Michael O'Reilly CLF is a supplier of iron ore pellets used in the manufacturing of steel. Inflation created from "build it better" is likely going to begin from infrastructure projects and this could be a good inflation protection vehicle. Recently reported earnings of $1.53 per share beat expectations of $1.48. It is trading at 14x earnings compared to peers at 26x. We would buy this with a stop loss at $15, looking to achieve $26 --upside potential of 18%. Yield 0% (Analysts’ price target is $25.92)

steel

BUY

Top of class steelmaker. The steelmakers enjoy pricing power because of booming end markets. Demand will only rise as aerospace and non-residential construction roar back. In the past year, they've made big acquisitions like AK Steel. last month they pre-announced strong results, and the stock jumped to $20. Last year they released full-year results and strong guidance of $4 billion in earnings, up from $3.5 billion. Recent profit-taking has pulled back the stock below $19, which makes it a buying opportunity.

steel

BUY

A very undervalued and a great heavy cyclical play. China is spending a lot on iron ore, which is a tailwind. A winner.

steel

BUY

They mine and process iron ore. Not sexy, but when economies boom, buyers want stocks like this. Last night, CLF pre-announced a sharply better quarter. It jumped 17% today. A boom-and-bust cyclical, not a long-term holding.

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Showing 1 to 11 of 11 entries

Cleveland-Cliffs Inc.(CLF-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 10

Stockchase rating for Cleveland-Cliffs Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cleveland-Cliffs Inc.(CLF-N) Frequently Asked Questions

What is Cleveland-Cliffs Inc. stock symbol?

Cleveland-Cliffs Inc. is a American stock, trading under the symbol CLF-N on the New York Stock Exchange (CLF). It is usually referred to as NYSE:CLF or CLF-N

Is Cleveland-Cliffs Inc. a buy or a sell?

In the last year, 10 stock analysts published opinions about CLF-N. 7 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cleveland-Cliffs Inc..

Is Cleveland-Cliffs Inc. a good investment or a top pick?

Cleveland-Cliffs Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Cleveland-Cliffs Inc..

Why is Cleveland-Cliffs Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cleveland-Cliffs Inc. worth watching?

In the last year, there was no coverage of Cleveland-Cliffs Inc. published on Stockchase.

What is Cleveland-Cliffs Inc. stock price?

On 2021-10-22, Cleveland-Cliffs Inc. (CLF-N) stock closed at a price of $23.85.

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