CLF Stock Issues Buy Signal on Steelmaker’s Massive $4 Billion Outlook

Cleveland-Cliffs on Monday reported stronger-than-expected third-quarter profit and set an extremely high bar for its operating profit for next year, based on new contracts signed with its customers. CLF stock broke through a buy point in early trading. Cleveland-Cliffs has been a laggard in the steel industry, in part because of the poor performance of its acquisition of Canadian company Stelco, which added debt…