Why Investors Who Focus On The Big Picture For This Stock Will 'Fly On Wings'

Benzinga2021-07-23

Cleveland-Cliffs Inc (NYSE:CLF) preannounced its quarterly results three times and still beat its preannouncement. What Happened: Cleveland-Cliffs reported second-quarter earnings of $1.46 per share, ...

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Samsong
2021-07-23
Samsong
LetsGooo! ???

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The company reported quarterly revenue of $5 billion, which came in below the estimate of $5.09 billion.\nLebenthal's Take:Following the company's preannouncements, expectations soared, which led to a worse-than-expected report, Cerity Partners'Jim Lebenthal said Thursday on CNBC's \"Fast Money Halftime Report.\"\nThe company expects free cash flow in the coming quarter to total $1.4 billion, which is above the estimate for $1 billion.\nIn the next week or two, analysts are going to upgrade their numbers and expectations for the stock, Lebenthal said.\nNext year, the company expects to have zero debt, he said, adding that the company will then be able to return cash back to shareholders.\nDon't get caught up in one quarter and miss the big picture, Lebenthal added: investors who hang around will receive cash and \"fly on wings.\"\nCleveland-Cliffs is his biggest holding.\nCLF Price Action:Cleveland-Cliffs has traded as high as $24.77 and as low as $5.16 over a 52-week period.\nThe stock closed at $21.07","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":175162491,"gmtCreate":1627014784413,"gmtModify":1703482479818,"author":{"id":"3576927448277788","authorId":"3576927448277788","name":"Samsong","avatar":"https://static.tigerbbs.com/552151775265f43dab7f80689fa9d3fd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576927448277788","authorIdStr":"3576927448277788"},"htmlText":"LetsGooo! ???","listText":"LetsGooo! ???","text":"LetsGooo! ???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175162491","repostId":1103982181,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":67,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1103982181"}