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The steelmaker is still losing money, but a leap in guidance and a coming contract reset convinced the market the profit recovery is finally real.
Cleveland-Cliffs (NYSE:CLF) reported strong Q2 results, with higher adjusted EBITDA, a smaller net loss, and stronger revenue. The company issued an upbeat Q3 outlook, indicating expectations for its
Cleveland-Cliffs beat Q2 estimates as higher steel prices lift revenue and margins despite lower shipment volumes.
Wall Street analysts upgraded DOV and PGR. Find out more on our analyst ratings page.
Cleveland-Cliffs (CLF) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks
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