NYSE:CLF - New York Stock Exchange, Inc. - US1858991011 - Common Stock - Currency: USD
After a 5% pullback from the highs in the S&P 500 index, investors might want to consider a potential hedge against a further correction.
Trading on a buyout deal might net you a small return, but two other steelmakers have been far better long-term investments.
The market's focus has centered around technology names in the artificial intelligence space, leaving these gems behind as value plays.
CLF earnings call for the period ending December 31, 2024.
The company cited the fall in steel demand for its performance while noting that “too much imported steel from abroad… drove unsustainably low steel prices.”
Demand for steel in the U.S. weakened in 2024 after a substantial rise in 2023. Factors like sluggish industrial production and construction activity during Q4 are expected to put downward pressure on Cleveland-Cliffs’ revenue.
Investors are weighing Trump's pledge on Sunday to introduce additional 25% tariffs on steel and aluminum from all countries.
Investors are weighing Trump's pledge on Sunday to introduce additional 25% tariffs on steel and aluminum from all countries.
Steel Dynamics and Century Aluminum may offer early entries.