7.90 +0.17 (2.20%)
After hours: 5:17PM EDT
|Bid||7.75 x 4000|
|Ask||7.72 x 800|
|Day's Range||7.70 - 8.08|
|52 Week Range||6.64 - 13.10|
|Beta (3Y Monthly)||2.58|
|PE Ratio (TTM)||1.96|
|Earnings Date||Oct 17, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||0.24 (3.02%)|
|1y Target Est||12.35|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cleveland-Cliffs Inc. New York, September 20, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cleveland-Cliffs Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Cleveland-Cliffs (CLF) and its US steel peers are on a roller-coaster ride in 2019. CLF fell 25.5% in August alone. Year-to-date, it's up 6.4%.
How far off is Cleveland-Cliffs Inc. (NYSE:CLF) from its intrinsic value? Using the most recent financial data, we'll...
On CNBC's "Fast Money Halftime Report," Sarat Sethi said that he owns Blackstone Group Inc (NYSE: BX) for a while. If your timeframe is longer than the next 12 months, you want to be in Shopify Inc (NYSE: SHOP), said Joe Terranova. Margaret Reid owns UnitedHealth Group Inc (NYSE: UNH).
Investors need to pay close attention to Cleveland-Cliffs (CLF) stock based on the movements in the options market lately.
Let's see if Cleveland-Cliffs Inc. (CLF) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
U.S. stock futures are bouncing back after yesterday's slide.Heading into the open, futures on the Dow Jones Industrial Average are up 0.87%, and S&P 500 futures are higher by 0.89%. Nasdaq-100 futures have added 1.00%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the options pits, call volume outpaced puts despite Tuesday's selloff. Overall volume settled near average levels signaling a run-of-the-mill trading session. Specifically, about 15.3 million calls and 14.9 million puts changed hands.Meanwhile, over at the CBOE, the distance between calls and puts narrowed driving the single-session equity put/call volume ratio back up to 0.73 - another one-week high. The 10-day moving average popped to 0.68.Let's take a closer look at the most actively traded options: Cleveland-Cliffs (CLF)Typically investors view the announcement of a dividend increase with glee. But with iron-ore producer Cleveland-Cliffs (NYSE:CLF), it caused traders to flee. CLF stock plunged 14.6% amid substantial volume after the company issued a press release detailing plans for a 20% bump in their dividend to 6 cents per share. Additionally, they will pay out a one-time special dividend of 4 cents per share.Falling steel and iron-ore prices amid trade war drama and global slowdown fears have plagued metal stocks like CLF, and it appears traders aren't willing to bank on a recovery just yet. While the dividend bump might be a win in the long run, Tuesday's price action shows traders are adopting a wait-and-see approach.On the charting front, the next major support looms at $5.60 so consider that the downside target if bears continue their rampage. * 7 Deeply Discounted Energy Stocks to Buy As far as options trading goes, put volume exploded Tuesday driving 70% of the day's action. Total activity rocketed to over seven times the average daily volume.The increased demand drove implied volatility higher on the day to 68% placing it at the 71st percentile of its one-year range. Premium sellers will be happy to note this is the highest level since last December. Home Depot (HD)Last month's earnings report lit a fire under Home Depot (NYSE:HD) shares, and they continue to burn bright. Tuesday's drop was well-deserved and allowed HD stock to digest recent gains ahead of its next dividend payment. Its price action is extremely bullish with a rising 20-day, 50-day, and 200-day moving averages. Buying dips and breakouts remains the name of the game.Home Depot's ex-dividend date is today and was undoubtedly the cause of yesterday's boom in options trading. Dividend seekers took to the options market for short-term control of HD shares to capture the $1.36 payout. The annual yield is 2.44%. Activity zoomed to 411% of the average daily volume, with 182,882 contracts traded. Calls accounted for 88% of the tally.Implied volatility rose to 23%, pushing it to the 32nd percentile of its one-year range. Premiums are pricing in daily moves of $3.22 or 1.4%. Bull call spreads aren't a bad way to go if you're speculating on further gains. Twitter (TWTR)Twitter (NYSE:TWTR) shares scored a long-awaited breakout Tuesday morning, but broad market weakness ultimately upended the rally. The intraday rejection pushed TWTR stock back toward the low of the day ending with a nasty upper shadow on its candlestick.Fortunately, it still closed above its 20-day moving average, keeping the recent consolidation pattern intact. While the volatility challenges buyers' resolve, the path of least resistance is still higher until support near $40 fails. * 7 Tech Industry Dividend Stocks for Growth and Income On the options trading front, the breakout attempt boosted call demand. Activity grew to 195% of the average daily volume, with 144,250 total contracts traded. 79% of the trading came from call options alone, showing strong enthusiasm backing the breakout bid.Implied volatility continues to hover at the lower end of its trading range. The 40% reading places it at the 20th percentile of its one-year range. Premiums are baking in daily moves of $1.06 or 2.5%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Wednesday's Vital Data: Cleveland-Cliffs, Home Depot and Twitter appeared first on InvestorPlace.
Tuesday marked the first trading session of September, as well as the first session in the holiday-shortened week, with U.S. equity markets closed on Monday in observance of Labor Day. It wasn't an easy session for traders to get reacquainted with though. Let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: TwitterTwitter (NYSE:TWTR) stock have been moving really well and even on Tuesday, the early price action looked promising. Shares were trying to breakout of an ascending triangle, a bullish setup where rising uptrend support continues to squeeze a stock against a static level of resistance.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy for September That resistance came into play around $43. The stock was swiftly rejected from this level while the broader market was under notable pressure.However, uptrend support (blue line) is still holding strong, while the 20-day moving average is just below current levels.If these marks give way, $40 is on the table. A move over $43 could still trigger a breakout, but TWTR needs to close over this level. Top Stock Trades for Tomorrow 2: WalmartWalmart (NYSE:WMT) stock also continues to trade relatively well so far this month. However, the stock continues to struggle with this $114 to $115 level.In the last two months, WMT has found itself in this area on three separate occasions. Each test of $115 comes following a higher low, as highlighted by the purple arrows on the chart above.If the overall market falls apart, it will be harder for WMT stock to breakout. However, shares are sitting right under the trigger spot. A close over $115 could cause an even larger move to the upside, with $120 on many traders' radar.On the downside, I would really like to see the 20-day and 50-day moving averages hold as support. Top Stock Trades for Tomorrow 3: Cleveland-CliffsCleveland Cliffs (NYSE:CLF) is getting hammered on the day, falling about 15% on Tuesday. It's more than just a tough day though, as CLF falls below its 200-week moving average.Should CLF reclaim this area and hold it by Friday's close, bulls can breathe a sigh of relief. However, a close below this mark puts the $6 mark on the table for the struggling stock.Shares were putting in a series of lower highs (blue line) above the $10 mark, and since breaking down over the past few months, CLF has lost almost 50% from its 2019 highs. Down seven weeks in a row has made this one a tough stock to own.Let's see if CLF gets down to $6 and how it responds if it does. From here, investors either need to see CLF reclaim the 200-week or test $6. We'll have a better idea on CLF after that. Top Stock Trades for Tomorrow 4: InvitaeA 2019 favorite of mine, Invitae (NASDAQ:NVTA) has not been trading all that well as of late. Shares gapped up in early August on drastically better-than-expected quarterly results.But as the stock market chopped back and forth, NVTA wasn't able to demonstrate any relative strength. Worse, since that post-earnings gap up shares of Invitae have been under pressure, as downtrend resistance squeezes it lower.With the 50-day moving average turning from support to resistance, NVTA has a true test potentially coming up: Will the $21 to $22 area support the stock? This level was support in March and April before giving way and acting as resistance in May and June. * 7 Best Tech Stocks to Buy Right Now At the end of June, NVTA reclaimed this level and it again served as support. Let's see if it does again. Below it and the 200-day moving average may be on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVTA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post 4 Top Stock Trades for Wednesday: TWTR, WMT, CLF, NVTA appeared first on InvestorPlace.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
On CNBC's "Mad Money Lightning Round," Jim Cramer said Cyberark Software Ltd (NASDAQ: CYBR ) might be one of the great buys. Cramer wouldn't buy more Novocure Ltd (NASDAQ: NVCR ). He would take ...
EVP, CFO of Cleveland-cliffs Inc (30-Year Financial, Insider Trades) Keith Koci (insider trades) bought 12,500 shares of CLF on 08/22/2019 at an average price of $8.08 a share. Continue reading...
Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Cleveland-Cliffs Inc. (CLF) announced today that it has launched a new environmental section on its corporate website. The environmental section provides a comprehensive look at Cliffs’ progress and outcomes in key areas of its environmental performance and its contribution to clean steelmaking. Lourenco Goncalves, Cleveland-Cliffs’ Chairman, President, and CEO said, "Cleveland-Cliffs’ iron ore pellets enable the production of environmentally friendly steel.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
EVP, CFO of Cleveland-cliffs Inc (30-Year Financial, Insider Trades) Keith Koci (insider trades) bought 30,000 shares of CLF on 08/07/2019 at an average price of $8.39 a share. Continue reading...