Why Cleveland-Cliffs Stock Popped by Nearly 21% This Week

One of the better-performing industrial stocks over the past few days has been storied steel maker Cleveland-Cliffs (NYSE: CLF). The company did better than expected in its second quarter. As often occurs in that situation, several analysts became more bullish on its prospects. According to data compiled by S&P Global Market Intelligence, Cleveland-Cliffs rose by almost 21% across the week. On Monday, Cleveland-Cliffs published its latest earnings report, revealing that Q2 revenue was $4.9 billion, while its net loss came in at $247 million. Although both metrics are worse than the year-ago figures, they were higher than the consensus analyst estimates (particularly for the bottom line). Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool