Editor’s Note: Cliffs Natural Resources Inc (NYSE:CLF)
Cliffs Natural Resources Inc (NYSE:CLF) announced an agreement with the United Steel labour Union (Financials Trend)
Cliffs Natural Resources Inc announced that at its Bloom Lake mine in Quebec reached a provisional agreement with the United Steel labour Union on a three-year labour agreement that will cover casing nearly 300 workers. Bloom Lake mine which is in Quebec measured a key to Cliffs Natural Resources Inc (NYSE:CLF) expectations and has confirmed costly, however lesser second quarter cash outlay of $87 or metric ton was losing 4% per year, mostly because of enhanced production amount and the resulting positive force on the Bloom Lake mine’s cost rate.
Cliffs Natural Resources Inc (NYSE:CLF) was in 19 hedge funds’ portfolio at the end of the first quarter of 2013. CLF has experienced a decrease in support from the world’s most elite money managers recently. There were 27 hedge funds in our database with CLF holdings at the end of the previous quarter. Of the funds we track, SAC Capital Advisors, managed by Steven Cohen, holds the most valuable position in Cliffs Natural Resources Inc (NYSE:CLF). SAC Capital Advisors has a $66.7 million position in the stock, comprising 0.3% of its 13F portfolio. Coming in second is Dmitry Balyasny of Balyasny Asset Management, with a $20.4 million position; 0.3% of its 13F portfolio is allocated to the company.
Cliffs Natural Resources Jumps on China News, Iron Ore Price Flat (Metal Miner)
Is China’s near-term demand situation for real? Via Barron’s: “Cliffs Natural Resources Inc (NYSE:CLF), for one, has jumped 3.1% to $25.09 today, continuing a hot streak that saw it gain 18% last week. [Wells Fargo’s] Dubinsky and Chaudhri explain: The increase was due to speculative trading on improved China sentiment; China’s National Development and Reform Commission increased its forecast for 2013 Chinese steel production growth to 9% YoY (to 780M MT), up from 4% YoY (to 746M MT). Chinese customs data also showed that Chinese imports of iron ore hit a record high in July (+17% MoM to 73.1M MT).”
Walter sparks Jasper Ridge Brewery I over Cliffs Natural Resources in Iron Range Women’s Softball (The mining Journal)
Iron Range Women’s Softball League. In Class A play from Aug. 7, Jasper Ridge Brewery I got five hits from Lisa Walter in a 17-14 win over Cliffs Natural Resources Inc (NYSE:CLF). Randi Boule’ went 3-for-4 with a grand slam for Cliffs. Jayda Johnson collected two hits and Bethy Williams added a double as IRACORE trimmed PC Medic, 6-3. Elyss Gregrausch (triple) and Eryn Hallum posted two hits apiece for PC Medic. Buck’s Party Store drubbed Fox Negaunee, 21-2, as Debby Zummak and Shannon Clemo each went 4-for-4. Katie Rankinen blasted a homer for Fox Negaunee.
Critical Alerts For IBM, Freeport McMoran, TearLab, Cliffs Natural Resources, and Ctrip Released By InvestorsObserver (Market Watch)
Today’s PriceWatch Alerts cover the following stocks: IBM, Freeport McMoran, TearLab, Cliffs Natural Resources Inc (NYSE:CLF), and Ctrip. InvestorsObserver’s PriceWatch Alerts contain concise, detailed strategies for each stock we cover, including position protection tactics designed to defend investors from potential market shifts. While many other market reports only provide stock news and opinion, we offer strategies that can bulwark investments against uncertainty and increase chances of making a profit, even if a stock goes down.
