Cleveland Cliffs Monster Earnings Coming Monday Morning
Cleveland Cliffs is the largest North American rolled steel producer positioned to benefit from a structural 100-year bull market in steel driven by 50% tariffs and onshoring. Technical breakout from a multi-year wedge combined with HRC prices rising $10/week, massive EBITDA upside as lagged contracts catch up, and analyst underestimation (market expects $0.24 Q3, $0.96 2027 vs. realistic $0.40-0.60+ and $3-4+) should drive shares to $22+ with potential 30+ on a short squeeze.