Jim Cramer on Cleveland-Cliffs: "This May Be One That is a Little Too Weak"

Cleveland-Cliffs Inc. (NYSE:CLF) is one of the stocks in Jim Cramer’s recent game plan. Cramer started his game plan with the company and commented:

“… Game plan for the next week, chock-full of earnings reports that I believe will be much better than expected. On Monday, we hear from Cleveland-Cliffs, and we need this steel maker to tell us if the real economy’s still holding up. This may be one that is a little too weak. Remember, there are three economies: the data center economy, the speculative economy where I see lots of insider selling coming and the real economy, which is heavily dependent on the Fed cutting rates. Let’s see what Cliffs has to say.”

Cleveland-Cliffs Inc. (NYSE:CLF) produces flat-rolled and specialty steel products, including stainless, electrical, and tubular steels, as well as iron ore and hot-briquetted iron. The company reported its Q3 earnings on October 20, posting a non-GAAP EPS of -$0.45, which was in line with the estimates. Its revenue of $4.7 billion was up 3.5% year-over-year but missed the estimates by $200 million. Cleveland-Cliffs Inc. (NYSE:CLF) also guided its capex lower from its previous guidance of $600 million to approximately $525 million for full-year 2025.

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