Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Cliffs Natural Resources Inc (CLF) Stock: Why It’s Up And What’s Next

Cliffs Natural Resources Inc (NYSE:CLF) had yet another incredibly strong day in the market today. This was after several trading sessions of upward movement. Below, we’ll talk about what we’re seeing from the stock, why, and what I’ll be watching for with regard to CLF ahead.

What We’re Seeing From CLF

As mentioned above, Cliffs Natural Resources Inc (NYSE:CLF) had a strong start to the trading session today, following up on recent gains. When the opening bell rang, the stock quickly found itself in the green. Since then, it edged further and further up throughout the session. CLF ended the session trading at $9.91 per share after a gain of $0.71 per share or 7.72% thus far today.

This article appeared first on

canada, oil, fuel, chemistry, cooling, tower, pollute, pipe, technical, steel, ontario, dioxin, diesel, power, pollution, night, stack, smokestack, refinery, steam, chemical, lake,


Why The Stock Is Edging Up At The Moment

The truth is that CLF isn’t the only stock in the basic materials sector that’s heading up at the moment. In fact, several stocks revolving around materials like iron ore, copper, and more had a great time in the market. The reason for the sector-wide gains that we’re seeing is a relatively simple one. At the end of the day, it all revolves around Donald Trump’s win in the United States Presidential election.

There’s no doubt that Donald Trump’s campaign was a historic one. With wild statements, and in many cases, even wilder promises, Trump won the hearts of the rural U.S. While his campaign was incredibly volatile, and he made several promises that can’t be kept, there were parts of his campaign that were very realistic. These just so happened to be the parts of the campaign that Trump focused on most.

Throughout the campaign, we saw one promise over and over; a promise that’s beneficial to Cliffs Natural Resources Inc (NYSE:CLF) and others in the basic materials sector. That promise is the promise to bring industry back to the United States. You see, Donald Trump spoke at length about the fact that manufacturing is leaving the United States. He also spoke openly about the incredible resources that are available in United States soil.

At the end of the day, plans to bring back manufacturing would help U.S basic materials companies in a big way. After all, manufacturers need basic materials to manufacture their products. So, demand would climb. On top of that, the comments about the resources in U.S soil would suggest that he will be making conditions better for miners in the United States. Of course, this is great for CLF.

What I’ll Be Watching For Ahead

Moving forward, I think things are looking pretty good for Cliffs Natural Resources Inc (NYSE:CLF). The company is in the right sector, and with Donald Trump transitioning into the White House, it’s definitely the right time. However, there is some uncertainty here. At the end of the day, through Donald Trump’s wild campaign, he has left a trail of questions with regard to what he is actually going to work towards accomplishing. Nonetheless, if he follows through with some of his larger promises, we’ll likely see further gains out of Cliffs Natural Resources and several others in the basic materials sector.

Follow Cleveland-Cliffs Inc. (NYSE:CLF)
Trade (NYSE:CLF) Now!

What Do You Think?

Where do you think CLF is headed moving forward? Join the discussion in the comments below!

About the Author: Josh Rodriguez

Joshua Rodriguez is the owner and founder of CNA Finance. He is also a partner at Modest Money. His analysis has been featured on, Yahoo! Finance, Google Finance, Google News, and many others. To connect with Joshua, follow him on Twitter @CNAFinance.

Note: This post was originally published on Check out their site for the latest investing news and analysis.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.