Why Cleveland-Cliffs Stock Popped Today

52
8
Favorite

Why Cleveland-Cliffs Stock Popped Today

Motley Fool2021-07-30

What happened Shares of iron oremining companyandsteelmaker Cleveland-Cliffs(NYSE:CLF)closed 5.5% higher on Thursday, buoyed by news that it has bought back from Arcelor Mittal(NYSE:MT)all of its ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（8）

Cedric77
·2021-07-31
Well written article! Looks good to buy b4 it climbs higher!
Reply
2
Report
Dev240
·2021-07-30
Okay
Reply
2
Report
Ron18
·2021-07-30
666
Reply
5
Report
stingray102
·2021-07-30
Ok
Reply
3
Report
Elon2
·2021-07-30
..
Reply
2
Report
Caliskan
·2021-07-30
Isshh
Reply
3
Report
Fold Replies
- 爱睡的雇主:
  Ddddd
  2021-07-30
  Reply
  Report
- Ljoney:
  Go go
  2021-07-30
  Reply
  Report
Shadotaiger
·2021-07-30
wow
Reply
1
Report
Fold Replies
- Jinyuan:
  shhh
  2021-07-30
  Reply
  Report
WarisHeng
·2021-07-30
Ok
Reply
2
Report
Fold Replies
- Shadotaiger:
  yeah
  2021-07-30
  Reply
  Report
- WarisHeng:
  Ok
  2021-07-30
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1179471404?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-30 14:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1179471404","market":"us","top_or_hot":-1,"title":"Why Cleveland-Cliffs Stock Popped Today","media":"Motley Fool","content":"<div>\n<p>What happened\nShares of iron oremining companyandsteelmaker Cleveland-Cliffs(NYSE:CLF)closed 5.5% higher on Thursday, buoyed by news that it has bought back from Arcelor Mittal(NYSE:MT)all of its ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/29/why-cleveland-cliffs-stock-popped-today/\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Cleveland-Cliffs Stock Popped Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Cleveland-Cliffs Stock Popped Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 14:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/29/why-cleveland-cliffs-stock-popped-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened\nShares of iron oremining companyandsteelmaker Cleveland-Cliffs(NYSE:CLF)closed 5.5% higher on Thursday, buoyed by news that it has bought back from Arcelor Mittal(NYSE:MT)all of its ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/29/why-cleveland-cliffs-stock-popped-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLF","symbol_name":"克利夫兰克里夫","start_time":0,"source_url":"https://www.fool.com/investing/2021/07/29/why-cleveland-cliffs-stock-popped-today/","article_id":"1179471404","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179471404","pubTimestamp":1627625866,"sourceInfo":null,"weMediaInfo":null,"summary":"What happened\nShares of iron oremining companyandsteelmaker Cleveland-Cliffs(NYSE:CLF)closed 5.5% hi","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CLF":"克利夫兰克里夫"},"translate_title":"为什么克利夫兰-克利夫斯的股票今天会飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLF":0.9},"content_text":"What happened\nShares of iron oremining companyandsteelmaker Cleveland-Cliffs(NYSE:CLF)closed 5.5% higher on Thursday, buoyed by news that it has bought back from Arcelor Mittal(NYSE:MT)all of its Series B Participating Redeemable Preferred Stock.\nSo what\nThepreferred stockin question amounted to 58 million common shares, and was worth $1.2 billion in total.\nManagement described the buyback as \"a no-brainer,\" saying it was \"highly accretive\" for Cleveland-Cliffs shareholders, in that it will concentrate profits among fewer shares outstanding, shrinking the company's diluted share count by 10% \"on a pro forma basis.\"\nMoreover, the buyback was quite affordable, consuming \"less [cash] than the free cash flow we expect to generate this quarter.\"\nNow what\nNow, because Cleveland-Cliffs just finished reportingsecond-quarter earnings last week, it will be another several months before shareholders see the benefit of this transaction in dollars and cents. Still, that benefit could be substantial.\nAccording to published estimates, analysts are forecasting that third-quarter earnings will be $2.13 per share, but a 10% reduction in share count could bump that per-share profit up by $0.21 or so, which leads me to suspect that part of the reason Cleveland-Cliffs stock popped today was because investors are anticipating an earnings beat three months from now.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":806244330,"gmtCreate":1627661017920,"gmtModify":1703494399548,"author":{"id":"3575196385895354","authorId":"3575196385895354","name":"Cedric77","avatar":"https://static.tigerbbs.com/e5ee082b05004f20d3486afedee30814","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3575196385895354","authorIdStr":"3575196385895354"},"htmlText":"Well written article! Looks good to buy b4 it climbs higher!","listText":"Well written article! Looks good to buy b4 it climbs higher!","text":"Well written article! Looks good to buy b4 it climbs higher!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806244330","repostId":1179471404,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":806349557,"gmtCreate":1627635691079,"gmtModify":1703493804810,"author":{"id":"3585469516664502","authorId":"3585469516664502","name":"Dev240","avatar":"https://static.tigerbbs.com/434320af45c587b9ca24b33fe091b493","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585469516664502","authorIdStr":"3585469516664502"},"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806349557","repostId":1179471404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":806925246,"gmtCreate":1627626684285,"gmtModify":1703493639232,"author":{"id":"4087786607644270","authorId":"4087786607644270","name":"Ron18","avatar":"https://community-static.tradeup.com/news/45256b61ce0a4a6edc813f1a231923a7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4087786607644270","authorIdStr":"4087786607644270"},"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806925246","repostId":1179471404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":806926746,"gmtCreate":1627626583685,"gmtModify":1703493637407,"author":{"id":"3559604919356928","authorId":"3559604919356928","name":"stingray102","avatar":"https://static.tigerbbs.com/547c93575fd0fd499d515ad2092a2e9d","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3559604919356928","authorIdStr":"3559604919356928"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806926746","repostId":1179471404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":806921465,"gmtCreate":1627626446157,"gmtModify":1703493634585,"author":{"id":"3586922733730917","authorId":"3586922733730917","name":"Elon2","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3586922733730917","authorIdStr":"3586922733730917"},"htmlText":"..","listText":"..","text":"..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806921465","repostId":1179471404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":806929011,"gmtCreate":1627626234533,"gmtModify":1703493630601,"author":{"id":"3575852224406476","authorId":"3575852224406476","name":"Caliskan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575852224406476","authorIdStr":"3575852224406476"},"htmlText":"Isshh","listText":"Isshh","text":"Isshh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/806929011","repostId":1179471404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5377102,"gmtCreate":1627626328682,"gmtModify":1663231707047,"authorId":3581931549754651,"author":{"id":3581931549754651,"idStr":"3581931549754651","authorId":3581931549754651,"name":"爱睡的雇主","avatar":"https://static.tigerbbs.com/3696ce5089df6b82fcbdf181d61df5c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":806929011,"type":1,"supId":0,"prevId":0,"content":"Ddddd","text":"Ddddd","html":"Ddddd"},{"id":5377110,"gmtCreate":1627626409282,"gmtModify":1663231707046,"authorId":3581591015314710,"author":{"id":3581591015314710,"idStr":"3581591015314710","authorId":3581591015314710,"name":"Ljoney","avatar":"https://static.tigerbbs.com/8376cac12c1b661feac4d507eb1379e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":806929011,"type":1,"supId":5377102,"prevId":0,"content":"Go go","text":"Go go","html":"Go go"}],"langContent":"EN"},{"id":806920556,"gmtCreate":1627626182275,"gmtModify":1703493630101,"author":{"id":"3575958434174944","authorId":"3575958434174944","name":"Shadotaiger","avatar":"https://static.tigerbbs.com/c26a9d060fabab1c1347edbfc7329574","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575958434174944","authorIdStr":"3575958434174944"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/806920556","repostId":1179471404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5377109,"gmtCreate":1627626391676,"gmtModify":1663231705230,"authorId":3574286103228100,"author":{"id":3574286103228100,"idStr":"3574286103228100","authorId":3574286103228100,"name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":806920556,"type":1,"supId":0,"prevId":0,"content":"<u>shhh</u>","text":"<u>shhh</u>","html":"<u>shhh</u>"}],"langContent":"EN"},{"id":806967915,"gmtCreate":1627626064637,"gmtModify":1703493627456,"author":{"id":"4089459519603980","authorId":"4089459519603980","name":"WarisHeng","avatar":"https://static.tigerbbs.com/f152c428f94eef79d97567fa3c7400da","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089459519603980","authorIdStr":"4089459519603980"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/806967915","repostId":1179471404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5377092,"gmtCreate":1627626177274,"gmtModify":1663231705350,"authorId":3575958434174944,"author":{"id":3575958434174944,"idStr":"3575958434174944","authorId":3575958434174944,"name":"Shadotaiger","avatar":"https://static.tigerbbs.com/c26a9d060fabab1c1347edbfc7329574","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":806967915,"type":1,"supId":5377082,"prevId":0,"content":"yeah","text":"yeah","html":"yeah"},{"id":5377082,"gmtCreate":1627626081410,"gmtModify":1663231705030,"authorId":4089459519603980,"author":{"id":4089459519603980,"idStr":"4089459519603980","authorId":4089459519603980,"name":"WarisHeng","avatar":"https://static.tigerbbs.com/f152c428f94eef79d97567fa3c7400da","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":806967915,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":52,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}