Cleveland-Cliffs is a cyclical investment play. Considering its undervaluation, profit outlook, and favorable commodity price environment and in view of the potential tailwinds of the Biden infrastructure plan on its back, I believe it is still advantageous for long-term investors to initiate a position. Should buy-the-rumor-sell-the-news happen on the 1Q2021 earnings report, one can always buy the dip and add to the existing position.
Submitted April 20, 2021 at 08:04PM by HumbleHubris https://ift.tt/3v6nRAZ
