Cleveland-Cliffs Inc. (NYSE:CLF)
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- DavidK: $CLF- what an ass whoppin this stock has taken. Anyone have info handy on the actual book value of this company ? It’s getting down near Covid lows . Could be the buy of a lifetime or a value trap with bankruptcy on the horizon .
- phgruver: @DavidK $CLF It's hard to get excited about a steel company that can't seem to get it's act together. $X and $MT have much better looking charts..... $NUE has a similar looking chart. They need to show some sign of life before they become invest-able again.
- DavidK: @phgruver $CLF $X $MT $NUE any idea on book value of $CLF . I asked Grok and it was not accurate based on old financials . $14 a share was the answer .
- phgruver: @DavidK $CLF $X $MT $NUE Schwab gives the price to tangible book as $0.87, and cash/share as $0.12, if that helps.
- DavidK: @phgruver $CLF $X $MT $NUE whew ! 😥
- DavidK: $GLD -$AA 🎯💥I am gonna start charging for these calls ! Hope yall jumped aboard . told yall yesterday Alcoa was done going down for now . Unfortunately I only bought 1000 shares yesterday. $ Bought $NCLH this am . $CLF yesterday.
- DavidK: $CLF $AA Alcoa moving like Earnings will be ok tonight . I am gonna ride 100 shares just to wet my beak and bet it’s sold off enough . $CLF - fundamentals suck , chart sucks , but 6.50 or so has been low . Hung in today . I am buying a little . $AMZN who is selling down here ? I want to buy but might wait .
- DavidK: @camaro69 $AA should held those 7000 shares but not on margin . Looks like chart has 30 in the cards sooner rather than later . Price targets are in the 40’s . Also picked up some $CLF from a quickie . They have issues and gonna take the auto industry turnaround to get them back up to even though they did diversify and purchase another steel company and market
- DavidK: $CLF / I just bought some for the long haul if need be .
- DavidK: @champ $EXP #every yea I took a look at company . Market seems to be predicting a recession by the way some stocks are trading . It was long over due for those bloated overvalued tech stocks to get sold off but some of these non related tech stocks are getting sold as well . I dipped toe in $CLF today . Probably not the best one to buy as they have been laying off people but are a USA based steel company and on the chart it’s getting close to Covid lows .
- champ: @DavidK $EXP $CLF #every......$EXP is in the right sector....and it is #Not a commodity, so it will not zig-zag, like Steel stocks do.......however obviously it will zig-zag with the Market.
- champ: @champ $EXP $CLF $EXP #Not ....The Estimate now is for 5 Interest rate cuts this year, per Steve Liesman, at CNBC this morning.
- DavidK: @champ $EXP $CLF #Not Steve Lies man is a political hack not an economist.
- champ: @DavidK $EXP $CLF #Not .....That's exactly the type of real #News that is positive for the Markets.
- DavidK: $CLF $NCLH - home grown steel and cheap mode of taking a vacation .
- DavidK: $CLF- not sure why it’s moving up but last time around here it ran back to 10.50 or so . I bought 500 shares the other day tipping my toes in the water .
- lance1161: $CLF Saw @DavidK mentioned this early today and jumped in - working. This steel stock seems to like tariffs.
- DavidK: @lance1161 $CLF yep , their business is slow but longer term stand to benefit . I bought more but just looking for it to maybe trade back up to 10.50-11 . After further review I will probably be looking for 10 to start selling provided nothing new in the steel market changes .
- lance1161: $CLF Have taken profits. Sold several times as it moved slowly up. Got almost 2% for today and now gonna wait for the news. I'm happy....
- DavidK: $CLF - wow things just keep getting worse here . I thought a few weeks ago I missed the boat not loading up at this 8.50 area and riding back up to 10.50-11. Well it’s here again . Chart looks really bad Joe Bob . ( north Dallas forty movie reference after breaking Elcie Weeks leg on a crack back block - we hurt em bad Joe Bob real bad - fk him huddle up ) I am gonna wait for what looks like more downside here . Any chart masters here want to weigh in ?
- DavidK: $CLF $GWAV - been tied up this am . Told you guys / gals The Mark Haynes bottom was in yesterday. Let’s see how far ahead bounces . I did scalp a little steak and dragon milk beer money on $IWM PUTS this am . Just bought April 10 puts on $CLF . It’s come from 8.50 to 9.45 quickly . Unfortunately I didn’t ride it up . I told my wife to buy 100 k of it last week and let it ride . She didn’t . She is flush with cash after selling her business. My spec $GWAV has to have put in a bottom . No more sellers below . Unless , this is a sh!t company . I have 32,000 shares . Trump hasn’t responded back to me yet about ditching those 25 % tariffs on Canada and Mexico . Musk actually does respond on X . Let’s see what happens
- DavidK: $GWAV- https://www.prnewswire.com/news-releases/greenwave-technology-solutions-inc-nasdaqgwav-issues-chairmans-letter-302333295.html I traded this from .33 up to .66. Now it’s back down to .26 area. My Scrap metal spec play . .54 was where company issued shares 4-5 weeks or so ago .$CLF reported bad earnings today so steel stocks not in favor .
- DavidK: $CENX - well my thesis played out . Mostly domestic production. Up she goes !! Wish had more than just 1000 shares . Have some $CLF also but sold it down some last week . $GWAV- don’t sleep on this as well . I increases my position to 15000 shares last week . Last month or so it went from .33 to around .70 for a double . Company sold some shares to raise 4 million at.53. She is going higher .
- DavidK: $GWAV - my spec play . If it can bust thru .40 it’s off to .53 where company recently sold shares to raise 4 million . I have played it from .33 to .66 . $SBUX puts starting to work. I unloaded all my $CENX and $CLF on the spike up this am . Short $AA with puts now . $CLF is a triple from here as Jim Levinthall ( sp) on Halftime suggest . I will be back in this at some point . $SPY is going down soon . Just scalped 25% on some puts I bought this am . Probably play it to the down side late this afternoon. $MCD puts I bought this am on the spike up was too easy . Holding for now up 26 %
- DavidK: $AAPL - My puts already up 32% . $QQQ puts only up 3% . $SBUX also bought $SBUX March 21- 110 puts . Holding a bear $WMT spread . Long $CLF , $CENX , $UAMY, $AUPH, $GWAV and $CLDX .
- DavidK: $CLF - CEO out with support for Tariffs . I own and just added . Been selling weekly upside calls for some chump change . I see this as a 40% upside mover this year .
- DavidK: @traderbren $SPY yea I sold my $QQQ puts this am for double from Friday. .picked up $SPY calls after the Mexico Tarriff delay news for a quick 27% gain . Now bought some $ IWM calls . Bought more $UCTT ,$CLF and $GWAV.
- DavidK: $SPY - today’s opening will be a good day for me . Bought $SPY puts Friday at the close . Hold no “tech “ stocks only some pharma and $CLF in trading account . As Rosanna Rosanna Danna use to say “ it’s always a something “
- DavidK: $QQQ- scored 147% gain on puts I bought Friday . $BCRX $CLF bought both of these this am ( already had $CLF in a longer term account ) . $CLF looks like it might end up with US Steel along with $NUE . $BCRX raised outlook
- DavidK: $CLF getting hammered along with other steel stocks. Longer term this is at a buy point but have to hold for some time I fear
- DavidK: $CLF - bought calls few days ago . Up 38% . Boring slow creeper up but if markets don’t fall apart looks like 13 then 14 in the cards .
- DavidK: $WMT $CLF - puts in $WMT calls on $CLF . One biotech lottery ticket . Going into weekend light after a few big up days . U can’t trust Biden or whoever is pulling the strings over the weekend to not blow up the world . That’s my take
- DavidK: $CLF - earnings after the close . Will be interesting to hear CEO comments and outlook on their business . $NUE gave a downbeat outlook as well as falling steel prices . $CLF is vertically integrated so helps on input cost to some degree. Big supplier to auto manufacturers. $CENX earnings coming in few days in the aluminum space . ( my old background early in my career ) $AA had good earnings for them as they usually know how to screw things up .
- DavidK: $CLF- with them being a large supplier to car / truck manufacturers I don’t see a great earnings report coming up . Nucor reported a disappointing quarterly profit and steel prices are down . $CLF is vertically integrated so helps on input cost side . I bought at 11 sold around 13.80 ( stopped out ) might try a few puts into earnings . $F earnings not great . Losing their ass on EV’s. Around 35-40k per vehicle. I think I would throw in the towel .
- DavidK: $CLF - I bought this a few weeks or so around 11. Looks like 14 next then maybe 15. This is good one to buy and hold for the next up cycle in steel . Whenever that may be . Brother had 80,000 shares a few years back at 8 and rode it to 35 and didn’t sell . I begged him to sell but he was listening to that moron on Halftime that kept touting it . He started selling some down in the mid 20’s and now has around 22,000 shares . He doesn’t understand charts and his Raymond James advisor doesn’t do a good job educating him . But he has more money than I do so I can’t say much .
- DavidK: $CLF- $IWM - well been distracted with golf everyday up on Lake Erie outside Cleveland while my wife weathered the hurricane in Ga . Trying to figure out a route home that won’t be washed out . Haven’t kept up with markets much this week but like metals to catch up of economy is not tanking . IWM , seems investors are flocking back to the small caps . $CLF my only long
- DavidK: $CCL $CLF- took some 5.25% Money out of a long term account ( not my day trading E*Trade acct) and bought these 2 . Have made more return in 2 days than I could have made on that $$ for a year . I mentioned these 2 stocks on the board . Wife and I still have around a 80% fixed 5.25 % 20% stocks portfolio. Sniper shooting for undervalued companies like these . Market is overvalued in my opinion so waiting it out on long term $$ . Who knows what happens but Blinken is over in Poland trying to push WW3 with his rhetoric . Be careful
- DavidK: $CLF - ugly chart but I bought a starter for the long haul .
- DavidK: $CLF - if it gets to 10- 10.25 range I am in for the long haul .
- DavidK: @StockMarketMentor $BA $WFC $CLF - a dog now but longer term you would think a must own . Your thoughts . Chart is 💩
- phgruver: $ABBV is still running, and pulling $XLV with it. @DavidK: $BA, no, $WFC, yes, $CLF, no. Financials, in gerneral ($XLF) are working, but the other two are in the dog house. Will they recover? Sooner or later, but, in the mean time, there are better places to put your money.
- DavidK: @phgruver $ABBV $XLV $BA $WFC $CLF $XLF $CLF- yep this along with other steel stocks seem to be signally a slowdown in the economy . I will be picking up some clf sometime but that’s the big question , when ? Chart looks like down to 10 . Company had been buying back stock but maybe needs to conserve the cash now .
- Wolf: $XME $CLF Getting some traction. Up 1% and 6% respectively.
- Wolf: $XME $CLF Getting some traction. Up 1% and 6% respectively.
- DavidK: $CLF $NUE $STLD laggards or just plain terrible performers . If economy is as good as talking heads state then time for these stocks to move up . I have $CLF Jan 2025 13 strike calls . Little upside this am .
- bwcarnation1: @DavidK $CLF $NUE $STLD China steel flooding the market via Mexico
- DavidK: @StockMarketMentor $MNDY take a look at $CLF . CEO on Cramer tonight . Earnings last week or so were not thrilling . Down at a price point that appears to be a good risk reward if you have a longer view than a few quarters .
- Wolf: $CLF $X #Steel $NUE #Upgrades Steel stocks getting some upgrades this morning.
- DavidK: $CLF - getting cold / flat rolled again today . 2 insiders bought total 85,000 shares around 16.75-17 area .
- DavidK: $CLF - big green bar . Been lagging the other steel stocks . Maybe gonna play a little catchup . I didn’t get fuzzy feelings listening to what is usually an upbeat CEO on earnings call week or so ago .
- ruskinq2: $CLF @DAN some support at 200D?
- ruskinq2: $CLF the high short interest has beaten this down to the 200D..might be a place for them to start covering their bets?
- DavidK: @ruskinq2 $CLF CEO stated price is below where company picked up shares past year . He said they would be buying more . I listened to his interview and this was first time I didn’t hear him being ultra positive. Numerous comments about interest rates up or down causing service centers to cut back purchases . Think I am gonna sit this one out for awhile . Had small hull call spread . Bought back the short calls and have a stop on the long calls .
- DavidK: $CLF - well they missed earnings . Covered my short calls and still holding the long calls. Small postion . CEO on CNBC I think at 4 pm today so he will be pumping . Auto market biggest customer so if $GM is raising guidance maybe get a bounce in $CLF.
- debeers: @DavidK $CLF $GM -Nope IMO
- DavidK: $CLF - earnings today. I have a small bullish call spread. The short calls expire this week. Long calls May so if stock don’t really react up / down I have time on long calls .
- DavidK: $CLF - well if you believe in drawing lines on charts this one is right on the line . Earnings 4-22. They never blow away earnings but CEO is always pumping and positive . I bought 15 May 17 strike calls . Sold some of the weekly 15.50 calls expire tomorrow for some gravy of it doesn’t take off .
- Cjauger: $CLF bouncing at the 50 $SMCI looks juicy, were it not for a market where breakouts have been failing, I would be all over that trade
- indigo1948: @DAN $ADBE - Dan - good morning. Could you cover $ABBV, $SANM, $DOCU and $CLF. Thank you.
- DavidK: $CLF- big spike in volume . This stock has not been nice to me when I am long . Sitting on my hands unless I can find some news otherwise
- DavidK: @bigbartabs $AMD bought 5 puts up 10 % in last 10-15 min . Bought 10 $IWM puts this am up 35 % . About to punt those . I sniper hunt everyday looking for these opportunities. Bought 20 - April 19 - 21 $CLF puts today also . Gonna hold those . JUST sold the $AMD PUTS for quick 37% profit .
- DavidK: @BarryC $IWM $MDY $RSP well I got ahead of this possible move by buying $SQQQ ( usually buy qqq puts ) $AAPL puts and bought 15 $IWM calls yesterday . Still own $CLF calls and $$CENX stock . $IWM getting hammered via $KRE tanking on a New York Bank issue .
- DavidK: $CLF $GM - well if Gm says business is good , inventory low that bodes well for $CLF . Not what car dealers in my area say but hey it’s just a small sample . I own a few clf calls
- DavidK: $AAPL- puts working . Looks like 185 next stop . Also bought SQQQ. Long $IWM calls looking for money to move out of these bloated overpriced techs short term . Also own $CLF calls , $CENX $SKYX ( lottery ticket / great products )
- DavidK: $CLF - was waiting for a pullback to buy and now old Professional two faced Jamie Dimon’s JPM upgrades . Bought some March calls . Brother owned 80,000 shares at one point but Think he finally caved and sold at lower prices down to 40,000 shares . I told him to sell all at 35 . As the old southern made Bacon commercial stated “ He”ll never learn “
- Henry: $X we talked about the hazards of waiting for the deal to close. The CEO of $CLF was on Fox? and said if the deal with Nippon is blocked, the price is going down. Sen Toomey is on the boob tube supporting Japan. Are all these politcos on the take?
- DavidK: @Henry $X $CLF of course they are . Crooked politicians and greedy CEO’s have been selling out USA’s manufacturing base for decades . Huge contributor to spike in crime , loss of decent paying jobs and communities. Most of these incompetent politicians are 2 nd tier ambulance chasing lawyers or rich daddy’s boy that was pushed into politics to push and promote certain agendas .
- woodman: @Henry $X $CLF - I sold $X that morning. I wasn't going to be effing around with such a gift gain. Take the money and run.
- debeers: $AMZN/$ANF/$ARDX-forever grateful to Woodie for this one/$BECN/$CLF/$COST-shut up! you'll be getting a 15 buck special divvie and their parfking lot oozed into 3 other buildings/ $CRM/$NOW-@DAN forst spotted this one---nice get/ $PANW.
- DavidK: $CLF - up big on $X buyout . Brother owns 80,000 shares at 8. Told him to sell when it hit 35 year or so ago. He didn’t !!! Look for Jim Leventhall (sp?) to be touting clf on halftime show if he is on . I don’t want to chase it myself up this much but markets Believing the undervalued talk from Clf ceo on his company
- woodman: @DavidK $CLF $X https://www.clevelandcliffs.com/news/news-releases/detail/615/cleveland-cliffs-comments-on-transformative-global-industry
- DavidK: @woodman $CLF $X if you try and compare $X -$55 offer/ earnings estimates 2024 then same for $$CLF , $ x at a Pe of -18 , clf 10 . Just a quick back of the envelope glance . Historically these steel stocks have traded below pe of 10 .
- woodman: @DavidK $CLF $X - do you consider CLF to be one to be acquired? I ask because I know CLF was in the running to be the acquirer of X, rather than being an acquiree.
- DavidK: $CLF @woodman . Reply feature not working . Thus my response on valuation question . Per CEO Of clf he feels steel stocks have to be re valued per $X buyout figure . So looking at 2024 estaumates for both stocks clf at 10 pe x at 18 . Maybe clf gets back to the 35 area again . Anyway , speaking with a car dealer ( ford, Chrysler, keep ) that has about 5 dealerships sat about business , he said it’s terrible . EV’s , a joke . Another business owner said things were really slowing down . So take it for what it’s worth . Clf supplies lots of steel to autos .
- woodman: @DavidK $CLF $X - Thanks.
- scottrades: @DavidK $CLF $X Press Refresh on your internet browser and try again, that works for me.
- Geewhiz: @scottrades $CLF $X I sense that reply works better in the conversation mode.
- Wolf: @champ $CMC $STLD #Pre-earnings #Guided #stock-Buy-backs $CLF also.
- Wolf: #Comodity stocks doing well on drop in the dollar. $CLF up 4.7% and still going.
- bill52: @Wolf $CLF #Comodity yes, nice move again today. some of it might also be that they are in the hunt to buy out US Steel $X
- DavidK: $X - CNBC stating bids gonna be over 40. I have stayed out of this fray , until now . Picked up 500 shares . $CLF would seem to be the best partner
- woodman: @DavidK @debeers $X $CLF - I picked up a large position, starting in Sept and adding twice to make a larger position. I've just held it and will continue to. Thanks goes out to @debeers who put this on my radar screen in the first instance.
- debeers: PRICE TARGETS REVISIONS $AVGO-1250 $BA-275-joel and i have been on this for awhile $X- @Woodman-would have liked to claim that i was prescient but $CLF put out feelers when $X was at 30 $PANW-the king of cybersecurity IMO
- Blake_C: $CLF I Know steal stocks are boring but $CLF looking good here.
- woodman: @Henry @bigbartabs $X - Thanks, Henry. My impression has been that $CLF would be the most likely acquirer, though I truly don't know. Fyi: https://www.recyclingtoday.com/news/us-steel-bids-friday-deadline-december-1-2023-illinois-blast-furnace-idle/
- woodman: $X $CLF - and: https://www.barrons.com/articles/u-s-steel-stock-sale-bids-deadline-d4e3a907
- scottrades: My notes: $SPY That close though $QQQ Closed above the 8EMA $DIA Breaking out $UUP Rebounding $TNX Watch tomorrow $TLT Holding the 8/21 $GDX Holding up $XME Breaking out $IGV Extended $URA Holding the 21 EMA $XHB In trend $TSLA Cyber Thursday $AAPL High Handle? $MA Micro Base $V New High $MSTR Basing $COIN Support at the 8EMA $AER Breaking out of a flag $TOL Base $LEN Base $TPH Flag $UEC Great volume $STLD Breakout $RS Has Good RS. Watch $276 $CLF Watch 17.50 $X Trending
- Henry: $X Faber reports final bids are due Friday. 5 parties are bidding including $CLF and $NUE Don't expect a quick conclusion
- BarryC: @Lou $PARA #CNBC lololo.... Don't forget $BA and $CLF also...
- Auto: $CLF nice base weekly above 50/200 long from $15.04 watching $17.71 to add again long weekly
- bill52: $X $CLF nice day for steel.
- debeers: @woodman $X -$X wants to be bought by $CLF and only $CLF. We know what $X is and they, like a hooker, are only arguing about price.LOL
- debeers: $SMCI-You know how there's a shame and there's a damn shame? @DAN never mentioned $SMCI now, IMO r that's a damn shame. Up over 13 buckaroos! $AAPL/$AMZN/ $CLF down 2 cents--so sue me! $GOOGL-$NVDA$SMCI/ $X $X it already told you it wants to be acquired. Don't buy for autos--buy for infrra IMO $CLF- financially in really good shape and even if $X gets wooed by someone else, $CLF will do ok. $ANF-people who have money have more money than folks without it and Horowitz is the bomb. $ARDX- when you buy when @Wodman recommended it at below 3 bucks you7 don't sweat the smal stuff
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debeers: ...
Frankly IMO $X wants to be bought and won't be unless its by $CLF - debeers: $ANF rich moms buying rich clothes for tbemselves and rich kids/ $CEIX metallurgical coal/ $CLF ok in its own right but even better because they want to buy $X and $X wants them to--we know what you are, we are just negotiating price, $MSFT- the single most stable boring tech in the world IMO-i think $AAPL needs to increase revs and will buy Bing from Microsoft, $NVDA still the semi of choice, $SMCI gee i bet the chart is ok too, $X from here figure between 25-30 percent up on a buyout, longs all except $AAPL Y'all have yourselves a weekend,
- oldtimer: @debeers $ANF $CEIX $CLF $X $MSFT $AAPL $NVDA $SMCI gave $CEIX a run but got stopped out . .rest look like good spots to take small starters . . thank you for all your input
- debeers: LONG FORM $CLF-immediately raising prices for hot rolled and cold rolled coated steel. $X-If one can raise they all will and $X had received bids before which they deemed too low. SHORT FORM: Steel yourself
- DavidK: $AMZN- will it keep falling to 125 area? $CLF and this my only longs . Looking to add to $ AMZN. Short $KRE, $EWG and just cashed in the $AAPL puts . Will short $SPY after next bounce . Traitor Dimon cautious on soft landing . He stated need good leadership . Well , he and a bunch of his other cronies are the ones that supported and support this inept leadership .
- champ: $CLF
- DavidK: Markets - been out of pocket getting ready for golf tournament tomorrow. What’s the Catalyst for the rally today ? I am short $KRE with Dec Puts but selling weekly puts to collect premium . Long Jan 2024 $CLF 14 calls . Otherwise cash .
| Stock Price | $10.88 |
| Change | 0.83% |
| Volume | 13,937,600 |
Cliffs Natural Resources Inc. is a mining & natural resources company. It produces iron ore pellets, fines and lump ore, and metallurgical coal.
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Past Month
Leading Peers
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$18.30 41.20%
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$12.56 36.03%
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$8.07 32.34%
Past Month
Lagging Peers
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$7.27 -16.10%
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$374.38 -9.08%
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$12.61 -6.75%
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