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

Home Daily Stock Opinions and Ratings Cleveland-Cliffs Inc. (CLF-N)

NYSE:CLF

15.90

0.31 (1.99%) 1d

PARTIAL BUY

Shares have been cut in half since April and are not trading at only 3x earnings, among the cheapest stocks out there. (Hit $34 in early April.) Last Friday, CLF reported a mixed quarter: revenue beat and in-line earnings. Stock plunged 9%, but rebounded today 6%. Shares may be getting too cheap. If on Wednesday the Fed announces more rate hikes, buy. But if there are hikes lasting through the summer, a buy could be tougher.

steel

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DON'T BUY

The CEO has done a great job, but this stock doesn't work. This is not the market for this kind of company where people are worried about the economy. Shares will go lower, not higher.

steel

STRONG BUY

Really likes the CEO and they have boast $930 million of free cash flow in the first half of 2022, and estimate to top $2.5 billion by year's end against an $8 billion market cap (=30% free cash flow yield). Revenues are coming from the car business which are seeing pent-up demand due to aging cars out there. CC will likely renegotiate upcoming contracts at prices higher than current. Shares were down (45% in the last 3 months), because they took an accounting hit for the debt they bought back earlier at a discount.

steel

BUY

Is down a lot YTD, but he still likes it. Cars make up over 50% of their business. Car demand is high and will stay so, because the average age of cars is 12.2 years, so they will wear out. We need to build more cars and there's demand for them. Their free cash flow yield is 34%. Amazing. They're buying back shares.

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STRONG BUY

Reported a big beat and gain, but shares went down. In the last 12 months, it reported $6 billion in EBITDA. They raised their guidance on price by 17%. Volumes are picking up, including the carmakers. It's annoying that shares are down today--the market is down, and there could be some profit-taking. Today's price is a definite buy. It boasts free cash flow of $6 billion pr 40% FCF yield, which cannot be found in megacap tech stock, and CLF is buying back shares. They are anchored by fixed, long-term contracts. The market is a dingbat when CLF reports.

steel

DON'T BUY

It's a cyclical stock and not a growth company. If car demand slows down--and it will--CLF will suffer, despite a good CEO. He sold this in the mid-20s.

steel

STRONG BUY

Factories in America are being built and are buying cars. Both need steel. Demand is strong.

steel

BUY

He started buying it 10 days ago at $22, now it's pushing $26. 6000 of the March 26 calls. It keeps moving up and up. Expect better returns than high-PE stocks. He added to his position today.

steel

BUY

He just sold Marathon Oil to buy this. This company is on fire, shares low, so it's time to buy. Interest rate scares (like now) open opportunities to buy beaten stocks like this.

steel

BUY

An inflation-protection trade: Energy is the obvious play. Kinder Morgan is a laggard in energy, though not directly tied to oil prices, but will benefit during this rally. Also likes Cleveland-Cliffs which reports tomorrow. Down from highs, but still very high and lifted by high steel prices. Upside here as the economy expands. Alaska Air. Costs are up, but airline are good at passing on costs to customers. People will come out of hibernation to fly, so demand is up.

steel

BUY

Has long liked this steelmaker. They report Friday, which he expects to be decent based on a cleaned-up balance sheet and strong management.

steel

STRONG BUY

His favourite stock for 2022. Shares are down since its all-time high in October, because steel prices declined a little, but remain high. Gross margins and volumes remain high and will stay so, because car production is rising and people are being major appliances as they buy new houses. PLus, infrastructure spending is coming. All tailwinds. $2.5 billion free cash flow projected for 2022 or 25% free cash flow yield. Stick with it.

steel

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TOP PICK

Strong 1-year growth. Reduction in Chinese steel production has benefited North American companies. Has recently been recommended as a BUY by David Burrows and Jim Lebenthal. Social media mentions have increased 131% over the past 7 days.

steel

BUY

Has pulled back, but it's up from $10 in 2020. US and Canadian steel should do well over next couple of years. China is not increasing production, to help the environment. Not as high quality as NUE, but more leveraged to steel prices. He owns STLC. He'd be fine owning this one or NUE. Lots of earnings leverage as the cycle improves.

steel

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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Cleveland-Cliffs Inc.(CLF-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 13

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, 13 stock analysts published opinions about CLF-N. 11 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?

13 stock analysts on Stockchase covered Cleveland-Cliffs Inc. In the last year. It is a trending stock that is worth watching.

What is Cleveland-Cliffs Inc. stock price?

On 2022-11-23, Cleveland-Cliffs Inc. (CLF-N) stock closed at a price of $15.9.

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Cleveland-Cliffs Inc.(CLF-N) Rating

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

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