Breaking News

Friday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Downgrade
Cleveland-Cliffs downgraded to Sell from Hold at GLJ Research » 08:46
07/31/20
07/31
08:46
07/31/20
08:46
CLF

Cleveland-Cliffs

$5.68 /

-0.135 (-2.32%)

GLJ Research analyst…

GLJ Research analyst Gordon Johnson downgraded Cleveland-Cliffs to Sell from Hold with a price target of $2.51, down from $5.32. The company's outlook "conflicts with the data" and its future growth is "pinned to hope," the analyst tells investors.

ShowHide Related Items >><<
CLF Cleveland-Cliffs
$5.68 /

-0.135 (-2.32%)

CLF Cleveland-Cliffs
$5.68 /

-0.135 (-2.32%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
CLF Cleveland-Cliffs
$5.68 /

-0.135 (-2.32%)

CLF Cleveland-Cliffs
$5.68 /

-0.135 (-2.32%)

CLF Cleveland-Cliffs
$5.68 /

-0.135 (-2.32%)

Thursday
Hot Stocks
Cleveland-Cliffs sees pellet shipment in Q3 similar to Q2 » 11:05
07/30/20
07/30
11:05
07/30/20
11:05
CLF

Cleveland-Cliffs

$5.56 /

-0.255 (-4.39%)

Comments taken from Q2…

Comments taken from Q2 earnings conference call.

ShowHide Related Items >><<
CLF Cleveland-Cliffs
$5.56 /

-0.255 (-4.39%)

CLF Cleveland-Cliffs
$5.56 /

-0.255 (-4.39%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
CLF Cleveland-Cliffs
$5.56 /

-0.255 (-4.39%)

CLF Cleveland-Cliffs
$5.56 /

-0.255 (-4.39%)

CLF Cleveland-Cliffs
$5.56 /

-0.255 (-4.39%)

Hot Stocks
Cleveland-Cliffs CEO: 'I'm interested in Tesla because everyone is interested' » 10:41
07/30/20
07/30
10:41
07/30/20
10:41
CLF

Cleveland-Cliffs

$5.44 /

-0.375 (-6.45%)

, TSLA

Tesla

$1,483.34 /

-15.77 (-1.05%)

Cleveland-Cliffs (CLF)…

Cleveland-Cliffs (CLF) CEO Lourenco Goncalves said, "I'm interested in Tesla (TSLA) because everyone else is interested in Tesla."Comments taken from Q2 earnings conference call.

ShowHide Related Items >><<
TSLA Tesla
$1,483.34 /

-15.77 (-1.05%)

CLF Cleveland-Cliffs
$5.44 /

-0.375 (-6.45%)

CLF Cleveland-Cliffs
$5.44 /

-0.375 (-6.45%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
TSLA Tesla
$1,483.34 /

-15.77 (-1.05%)

07/29/20 Morgan Stanley
Tesla price target raised to $1,050 from $740 at Morgan Stanley
07/28/20
Fly Intel: Top five analyst downgrades
07/28/20 Bernstein
Bernstein's Sacconaghi downgrades Tesla to sell on 'mind-boggling' valuation
07/28/20 Bernstein
Tesla downgraded to Underperform from Market Perform at Bernstein
TSLA Tesla
$1,483.34 /

-15.77 (-1.05%)

CLF Cleveland-Cliffs
$5.44 /

-0.375 (-6.45%)

  • 14
    Feb
TSLA Tesla
$1,483.34 /

-15.77 (-1.05%)

CLF Cleveland-Cliffs
$5.44 /

-0.375 (-6.45%)

TSLA Tesla
$1,483.34 /

-15.77 (-1.05%)

TSLA Tesla
$1,483.34 /

-15.77 (-1.05%)

CLF Cleveland-Cliffs
$5.44 /

-0.375 (-6.45%)

Hot Stocks
Cleveland-Cliffs 2H20 free cash flow 'probably' around $50M-$100M » 10:33
07/30/20
07/30
10:33
07/30/20
10:33
CLF

Cleveland-Cliffs

$5.36 /

-0.455 (-7.82%)

During the Q&A…

During the Q&A portion of the Cleveland-Cliffs Q2 earnings conference call, an analyst asked management if they could expand on the 2H20 free cash flow guidance, providing $50M-$100M as a suggested range. Cleveland-Cliffs CFO Keith Koci said they weren't going to provide an exact range but the analyst was "probably right" with the $50M-$100M range.

ShowHide Related Items >><<
CLF Cleveland-Cliffs
$5.36 /

-0.455 (-7.82%)

CLF Cleveland-Cliffs
$5.36 /

-0.455 (-7.82%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
CLF Cleveland-Cliffs
$5.36 /

-0.455 (-7.82%)

CLF Cleveland-Cliffs
$5.36 /

-0.455 (-7.82%)

CLF Cleveland-Cliffs
$5.36 /

-0.455 (-7.82%)

Hot Stocks
Cleveland-Cliffs sees positive free cash flow in 2H20 » 10:27
07/30/20
07/30
10:27
07/30/20
10:27
CLF

Cleveland-Cliffs

$5.42 /

-0.4 (-6.88%)

Cleveland-Cliffs CFO…

Cleveland-Cliffs CFO Keith Koci said the company sees positive free cash flow and expects and strong second-half. Comments taken from Q2 earnings conference call.

ShowHide Related Items >><<
CLF Cleveland-Cliffs
$5.42 /

-0.4 (-6.88%)

CLF Cleveland-Cliffs
$5.42 /

-0.4 (-6.88%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
CLF Cleveland-Cliffs
$5.42 /

-0.4 (-6.88%)

CLF Cleveland-Cliffs
$5.42 /

-0.4 (-6.88%)

CLF Cleveland-Cliffs
$5.42 /

-0.4 (-6.88%)

Hot Stocks
Cleveland-Cliffs CFO says Q2 was 'anomaly' » 10:23
07/30/20
07/30
10:23
07/30/20
10:23
CLF

Cleveland-Cliffs

$5.40 /

-0.42 (-7.22%)

Cliffs' Chairman,…

Cliffs' Chairman, President, and CEO Lourenco Goncalves said, "over the past few months, the company has shown its resilience as I have spoken about in the past." Goncalves added, the pandemic made the car-buying market into "a consumer-driven market." Comments taken from Q2 earnings conference call.

ShowHide Related Items >><<
CLF Cleveland-Cliffs
$5.40 /

-0.42 (-7.22%)

CLF Cleveland-Cliffs
$5.40 /

-0.42 (-7.22%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
CLF Cleveland-Cliffs
$5.40 /

-0.42 (-7.22%)

CLF Cleveland-Cliffs
$5.40 /

-0.42 (-7.22%)

CLF Cleveland-Cliffs
$5.40 /

-0.42 (-7.22%)

Hot Stocks
Cleveland-Cliffs sees CapEx for remainder of year $250M » 07:14
07/30/20
07/30
07:14
07/30/20
07:14
CLF

Cleveland-Cliffs

$5.82 /

+0.16 (+2.83%)

Cleveland-Cliffs said in…

Cleveland-Cliffs said in its Q2 earnings release, "The capital spending expectation for the remainder of the year is $250 million, which includes approximately $110 million in remaining HBI spend and $25 million in capitalized interest. The Company expects to generate over $100 million in cash from working capital release during the second half of the year." Regarding business outlook, Mr. Goncalves stated: "Now that nearly all our facilities which were idled during the second quarter have resumed normal operations, during the second half of 2020 we will be able to demonstrate the potential of our new Cleveland-Cliffs footprint. With demand accelerating faster and more consistently than originally expected, we were pleased to record positive adjusted EBITDA during the month of June, way ahead of our initial forecast made earlier in Q2. Also, we expect idle costs to be less than $50 million during the third quarter and minimal in the fourth quarter, which will lead to a significant improvement in unit cost performance. As the market currently stands, we expect to see positive free cash flow in the second half of the year, which includes the capital spending necessary to complete the Toledo HBI project."

ShowHide Related Items >><<
CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

Earnings
Cleveland-Cliffs reports Q2 EPS (31c), consensus (50c) » 07:13
07/30/20
07/30
07:13
07/30/20
07:13
CLF

Cleveland-Cliffs

$5.82 /

+0.16 (+2.83%)

Reports Q2 revenue $1.1B,…

Reports Q2 revenue $1.1B, consensus $1.08B. Cliffs' Chairman, President, and CEO Lourenco Goncalves said: "The second quarter was an unusual one, with the full impact of the COVID-19 pandemic hitting our clients. Our main concern then was preserving our liquidity during a time we were not able to ship steel to our clients in all markets we serve, and particularly in our main end-market, the automotive industry. As of today, our clients are back to healthy levels of operation, and our liquidity now sits solidly above the $1.1 billion mark. That happened way ahead of our conservative assumptions, creating a very exciting business prospect for a strong second semester." Mr. Goncalves added: "In any given year, the second quarter is always the time when our iron ore clients replenish their pellet inventories, depleted during the winter. Our success in continuing to sell pellets during this second quarter was also very important to our results, showing a clear differentiation between Cleveland-Cliffs and other companies in our space." Mr. Goncalves concluded: "We are excited, but not surprised, with the potential we are unleashing from the AK Steel footprint. We have already implemented all the synergy initiatives we disclosed at the time of the acquisition, with the updated amount of $151 million coming in much higher than the original target of $120 million in synergies. In the second half of this year we will finish the construction of our HBI plant, creating another highly profitable business for Cleveland-Cliffs in 2021 and beyond. At this time, based on our unique fully integrated and self-sufficient footprint, from iron ore pellets to highly sophisticated carbon and stainless steels and automotive parts, we are laser-focused on growing our business with our traditional automotive clients and on adding new ones from the roster of new manufacturers of electric vehicles, trucks and SUVs."

ShowHide Related Items >><<
CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

CLF Cleveland-Cliffs
$5.82 /

+0.16 (+2.83%)

Over a week ago
Hot Stocks
Cleveland-Cliffs subsidiary raises market base prices for carbon steel products » 14:32
07/21/20
07/21
14:32
07/21/20
14:32
CLF

Cleveland-Cliffs

$5.90 /

+0.24 (+4.24%)

Cleveland-Cliffs…

Cleveland-Cliffs announced that its wholly-owned subsidiary, AK Steel, is increasing current spot market base prices for all carbon flat-rolled steel hot rolled, cold rolled and coated products by a minimum of $40 per ton, effective immediately with new orders in North America.

ShowHide Related Items >><<
CLF Cleveland-Cliffs
$5.90 /

+0.24 (+4.24%)

CLF Cleveland-Cliffs
$5.90 /

+0.24 (+4.24%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
CLF Cleveland-Cliffs
$5.90 /

+0.24 (+4.24%)

CLF Cleveland-Cliffs
$5.90 /

+0.24 (+4.24%)

CLF Cleveland-Cliffs
$5.90 /

+0.24 (+4.24%)

Options
Unusually active option classes on open July 13th » 09:40
07/13/20
07/13
09:40
07/13/20
09:40
EVRI

Everi Holdings

$5.98 /

+ (+0.00%)

, CHL

China Mobile

$35.70 /

+ (+0.00%)

, PEP

PepsiCo

$134.48 /

+ (+0.00%)

, JPM

JPMorgan

$96.31 /

+ (+0.00%)

, CLF

Cleveland-Cliffs

$5.74 /

+ (+0.00%)

, ON

ON Semiconductor

$20.49 /

+ (+0.00%)

, MCD

McDonald's

$184.94 /

+ (+0.00%)

, W

Wayfair

$223.54 /

+ (+0.00%)

, SLV

iShares Silver Trust

$17.45 /

+ (+0.00%)

, HD

Home Depot

$250.04 /

+ (+0.00%)

Unusual total active…

Unusual total active option classes on open include: Everi Holdings (EVRI), China Mobile (CHL), PepsiCo (PEP), JPMorgan (JPM), Cleveland-Cliffs (CLF), ON Semiconductor (ON), McDonald's (MCD), Wayfair (W), iShares Silver Trust (SLV), and Home Depot (HD).

ShowHide Related Items >><<
W Wayfair
$223.54 /

+ (+0.00%)

PEP PepsiCo
$134.48 /

+ (+0.00%)

ON ON Semiconductor
$20.49 /

+ (+0.00%)

MCD McDonald's
$184.94 /

+ (+0.00%)

JPM JPMorgan
$96.31 /

+ (+0.00%)

HD Home Depot
$250.04 /

+ (+0.00%)

EVRI Everi Holdings
$5.98 /

+ (+0.00%)

CLF Cleveland-Cliffs
$5.74 /

+ (+0.00%)

CHL China Mobile
$35.70 /

+ (+0.00%)

EVRI Everi Holdings
$5.98 /

+ (+0.00%)

07/10/20 Roth Capital
Everi Holdings initiated with a Buy, $17 target at Roth Capital
06/03/20 Raymond James
Everi Holdings price target lowered to $10 from $14 at Raymond James
04/16/20 Jefferies
Gaming equipment suppliers 'managing around' fortunes of casinos, says Jefferies
03/03/20 Macquarie
Everi Holdings selloff provides attractive entry point, says Macquarie
CHL China Mobile
$35.70 /

+ (+0.00%)

07/13/20 New Street
China Mobile downgraded to Reduce from Neutral at New Street
03/19/20 New Street
China Mobile upgraded to Buy from Reduce at New Street
10/01/19 Daiwa
China Mobile upgraded to Buy from Outperform at Daiwa
09/17/19 Goldman Sachs
China Unicom upgraded to Buy from Neutral at Goldman Sachs
PEP PepsiCo
$134.48 /

+ (+0.00%)

06/17/20 Jefferies
Nestle home-office water business would be a fit for Primo Water, says Jefferies
06/01/20 Goldman Sachs
Monster Beverage price target raised to $78 from $70 at Goldman Sachs
05/18/20 Guggenheim
Guggenheim raises PepsiCo to 'Best Idea' in Food and Beverage, ups target
05/05/20 Guggenheim
Guggenheim sees 'strong case' for Coca-Cola to increase Monster ownership
JPM JPMorgan
$96.31 /

+ (+0.00%)

07/09/20 Wolfe Research
JPMorgan upgraded to Outperform from Peer Perform at Wolfe Research
07/09/20 DA Davidson
JPMorgan upgraded to Buy from Neutral at DA Davidson
07/08/20 Seaport Global
JPMorgan initiated with a Buy at Seaport Global
06/23/20 Wells Fargo
Finicity should help MasterCard with open banking efforts, says Wells Fargo
CLF Cleveland-Cliffs
$5.74 /

+ (+0.00%)

06/03/20 GLJ Research
Cleveland-Cliffs upgraded to Hold from Sell at GLJ Research
04/15/20 Credit Suisse
Cleveland-Cliffs reinstated with a Neutral at Credit Suisse
04/01/20 JPMorgan
Cleveland-Cliffs price target lowered to $6 from $8 at JPMorgan
03/30/20 Goldman Sachs
Cleveland-Cliffs reinstated with a Neutral at Goldman Sachs
ON ON Semiconductor
$20.49 /

+ (+0.00%)

06/25/20 Longbow
Longbow cuts second half estimates for semis and components
06/23/20
Fly Intel: Top five analyst upgrades
06/23/20 Piper Sandler
ON Semiconductor upgraded to Overweight from Neutral at Piper Sandler
06/09/20 Benchmark
ON Semiconductor price target raised to $24 from $20 at Benchmark
MCD McDonald's
$184.94 /

+ (+0.00%)

06/24/20 BMO Capital
McDonald's price target raised to $220 from $215 at BMO Capital
06/24/20 JPMorgan
McDonald's price target raised to $204 from $180 at JPMorgan
06/17/20 Morgan Stanley
McDonald's price target raised to $200 from $189 at Morgan Stanley
06/17/20 Truist
McDonald's price target raised to $208 from $195 at SunTrust
W Wayfair
$223.54 /

+ (+0.00%)

07/07/20 Baird
Wayfair price target raised to $225 from $190 at Baird
07/01/20 Deutsche Bank
Farfetch price target raised to $23 from $17 at Deutsche Bank
06/26/20 Truist
Wayfair price target raised to $208 from $163 at SunTrust
06/26/20 Wells Fargo
Wayfair price target raised to $215 from $170 at Wells Fargo
SLV iShares Silver Trust
$17.45 /

+ (+0.00%)

HD Home Depot
$250.04 /

+ (+0.00%)

07/13/20 Wedbush
Angi Homeservices price target raised to $15 from $8 at Wedbush
06/23/20 Credit Suisse
Whirlpool price target raised to $103 from $90 at Credit Suisse
06/23/20 Nomura Instinet
Home Depot price target raised to $266 from $252 at Nomura Instinet
06/17/20 Stifel
Home Depot price target raised to $276 from $260 at Stifel
W Wayfair
$223.54 /

+ (+0.00%)

PEP PepsiCo
$134.48 /

+ (+0.00%)

ON ON Semiconductor
$20.49 /

+ (+0.00%)

MCD McDonald's
$184.94 /

+ (+0.00%)

JPM JPMorgan
$96.31 /

+ (+0.00%)

HD Home Depot
$250.04 /

+ (+0.00%)

EVRI Everi Holdings
$5.98 /

+ (+0.00%)

CLF Cleveland-Cliffs
$5.74 /

+ (+0.00%)

  • 06
    Dec
W Wayfair
$223.54 /

+ (+0.00%)

PEP PepsiCo
$134.48 /

+ (+0.00%)

MCD McDonald's
$184.94 /

+ (+0.00%)

JPM JPMorgan
$96.31 /

+ (+0.00%)

HD Home Depot
$250.04 /

+ (+0.00%)

CLF Cleveland-Cliffs
$5.74 /

+ (+0.00%)

CHL China Mobile
$35.70 /

+ (+0.00%)

W Wayfair
$223.54 /

+ (+0.00%)

PEP PepsiCo
$134.48 /

+ (+0.00%)

ON ON Semiconductor
$20.49 /

+ (+0.00%)

MCD McDonald's
$184.94 /

+ (+0.00%)

JPM JPMorgan
$96.31 /

+ (+0.00%)

HD Home Depot
$250.04 /

+ (+0.00%)

W Wayfair
$223.54 /

+ (+0.00%)

SLV iShares Silver Trust
$17.45 /

+ (+0.00%)

PEP PepsiCo
$134.48 /

+ (+0.00%)

ON ON Semiconductor
$20.49 /

+ (+0.00%)

MCD McDonald's
$184.94 /

+ (+0.00%)

JPM JPMorgan
$96.31 /

+ (+0.00%)

HD Home Depot
$250.04 /

+ (+0.00%)

EVRI Everi Holdings
$5.98 /

+ (+0.00%)

CLF Cleveland-Cliffs
$5.74 /

+ (+0.00%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.