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Cleveland-Cliffs Inc.

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CLF trade ideas

CLF 44% correction may comeCLF 44% correction may come. Cleveland Cliffs shares are facing a significant correction. Nevertheless, I suggest using this correction to take a long position. The ideal entry level can be 5usd. In the event that this correction occurs, a strong north turn is assumed. The analysis shows two target prices. The nearest target price is based on the calculation of the Fair value. I note that in calculating the Fair value, I have already used the Q3 financial data published on Friday. I got 21.7usd for the target price. I consider this to be the primary target price. I got the second target price according to fractal calculations. This value is higher than 30usd. From this it can be concluded that after adjustment, CLF shares are facing a 480% increase.
NYSE:CLF
by meszaros
$CLF Cleveland Bullish post acquisition Potential long entry and trade up to the $7.00 level Company looks undervalued and may be a benefactor of post election infrastructure spending Upgrade details Citi analyst Alexander Hacking views Cleveland-Cliffs' proposed acquisition of ArcelorMittal USA as positive for the company and the industry. Consolidation amongst U.S. integrated mills is "helpful and may help smooth the absorption" of new electric-arc furnace capacity, Hacking tells investors in a research note. Further, the deal secures a future for almost all Cleveland-Cliffs' pellets, "closing out what was a major structural risk before the AKS deal," says the analyst. Hacking keeps a Neutral rating on Cleveland-Cliffs shares.
NYSE:CLFLong
by RedHotStocks
CLF: $5.50 Short Target + Long PotentialFirst off, don't take anything I say seriously. As always, this is on the basis of opinion not financial advice. That being said, let us get into some of my key points. I believe realistically setting up a target given the past negative correlation curve as well as breakouts, one could be looking at a $5.50 price point for the Cleveland Cliffs, as demand for precious metals and industrial materials should also be going up in the curve. I think it also has some long potential, but it is too early for me yet to call a long.
NYSE:CLFShort
by gamer456148
Cleveland Cliffs is an inexpensive trade deal recovery playCleveland Cliffs is a mining company with a lot of exposure to China tariffs. The company's earnings took a huge hit this year due to the downturn in steel as a result of the trade war, and the price plummeted. The company should get a nice surge on any positive trade talk news. It briefly made a bullish trend line break Friday when the market thought a deal had been made to repeal tariffs, but it's back down today after Trump said he loves the tariffs and he hasn't agreed to repeal them. (Sometimes I think he's jerking us around on purpose.) Even without a trade deal, this stock is a good bargain at the current price. It's got a sustainable 3% dividend and is financially healthy enough to weather the downturn. It did well on its last earnings report and has unusually bullish options activity. Backward P/E is now about 2.6, whereas before the trade war this traded at more like 10-15. Forward P/E is higher at 6.5, but still well below the 5-year average. Buy this for the dividend and hold it for the recovery whenever our political leaders get their act together on trade.
NYSE:CLFLong
by ChristopherCarrollSmith
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