Harman International Industries Inc./DE/ (HAR), Cliffs Natural Resources Inc (CLF): Today’s Best Stocks

For Newmont Mining Corp (NYSE:NEM), one of the nation’s largest gold miners, this is a particularly big deal, because each tick higher in gold prices means beefier margins and a potentially higher dividend payout, because it tied its dividend to the average quarterly price of gold.

In the case of Cliffs Natural Resources Inc (NYSE:CLF), one of the world’s premier iron ore producers, today’s jump in gold prices and other commodities gives the company a chance to scare short-sellers, which accounted for 36.5% of outstanding shares as of the end of July — the highest total among all S&P 500 components. Cliffs’ quarterly results were recently much better than expected, with higher demand for iron ore than anyone could have predicted. Short-sellers just might be underestimating Cliffs’ potential here.

The article Today’s 3 Best Stocks originally appeared on Fool.com.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.

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