CLF Forecast


Bullish Case: Insider buying and Q3 cash flow gains support a bullish outlook for CLF. Potential rebounds in steel demand further enhance this stance as macro conditions stabilize.




Bearish Case: Failed acquisitions and high implied volatility signal potential headwinds for CLF. Persisting market uncertainties, including trade and macroeconomic tensions, pose significant risks.




Potential Outcomes:
  • Macro improvements boost demand: 30%
  • Operational gains fuel growth: 25%
  • Acquisition hurdles persist: 20%
  • Market uncertainty prevails: 15%
  • Industry disruption: 10%




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December 28, 2024


Cleveland-Cliffs Forecast

CLF        Cleveland-Cliffs











Correlated Assets

Assets that tend to move strongly with CLF



TRIP Forecast + Options Trading Strategies   TRIP  TripAdvisor (0.95)


LEA Forecast + Options Trading Strategies   LEA  Lear (0.94)


EL Forecast + Options Trading Strategies   EL  Estee Lauder Cos. (0.93)


XRX Forecast + Options Trading Strategies   XRX  Xerox (0.92)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (0.92)



Uncorrelated Assets

Assets with little price relationship to CLF



ACN Forecast + Options Trading Strategies   ACN  Accenture (0.01)


VTRS Forecast + Options Trading Strategies   VTRS  Viatris (-0.01)


SRRK Forecast + Options Trading Strategies   SRRK  Scholar Rock (0.02)


OGN Forecast + Options Trading Strategies   OGN  Organon (0.02)


HCC Forecast + Options Trading Strategies   HCC  Warrior Met Coal (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against CLF



XLP Forecast + Options Trading Strategies   XLP  Consumer Staples Select Sector SPDR (-0.87)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.88)


LRN Forecast + Options Trading Strategies   LRN  Stride (-0.88)


CHRW Forecast + Options Trading Strategies   CHRW  C.H. Robinson Worldwide (-0.88)


VIRT Forecast + Options Trading Strategies   VIRT  Virtu Financial (-0.9)









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