Why Cleveland-Cliffs Stock Popped Today

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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 ...

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Comment（8）

Cedric77
·2021-07-31
Well written article! Looks good to buy b4 it climbs higher!
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2
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Dev240
·2021-07-30
Okay
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2
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Ron18
·2021-07-30
666
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5
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stingray102
·2021-07-30
Ok
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3
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Elon2
·2021-07-30
..
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2
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Caliskan
·2021-07-30
Isshh
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3
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- 爱睡的雇主:
  Ddddd
  2021-07-30
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- Ljoney:
  Go go
  2021-07-30
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Shadotaiger
·2021-07-30
wow
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1
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- Jinyuan:
  shhh
  2021-07-30
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WarisHeng
·2021-07-30
Ok
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2
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- Shadotaiger:
  yeah
  2021-07-30
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- WarisHeng:
  Ok
  2021-07-30
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}\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":"news","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":7,"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 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