Cleveland-Cliffs (CLF) Soars 10.4% as Investors Turn Optimistic Ahead of Q2 Earnings

Cleveland-Cliffs Inc. (NYSE:CLF) is one of the stocks that are flying past expectations.

Cleveland-Cliffs jumped by 10.4 percent on Thursday to close at $9.77 apiece as investors started repositioning portfolios ahead of the release of its second quarter earnings results.

According to the company, it will release its financial and operating performance on July 21, 2025, at 8:30 AM Eastern Time, where investors will be closely looking out for how the company fared following the imposition of President Donald Trump’s 50-percent tariffs on steel imports early in June.

Cleveland-Cliffs Inc. (NYSE:CLF), a heavyweight in the US steel sector, was expected to benefit from the higher tariffs as it would allow the company, alongside domestic producers, to implement more competitive prices versus imported steel and ease pressure from international competitors.

Cleveland-Cliffs (CLF) Soars 10.4% as Investors Turn Optimistic Ahead of Q2 Earnings

A welder in a hardhat soldering steel plates to a blueprint plan.

Earlier this year, stalwart import tariff supporter Cleveland-Cliffs Inc. (NYSE:CLF) CEO Lourenco Goncalves, has said that Trump’s import levies can make a “long-term positive impact” in making “America a manufacturing superpower once again.”

While we acknowledge the risk and potential of CLF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CLF and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.