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They get a lot more love on reddit. Not as good value IMO as X at the moment, but they run a good business and are a sound investment. They're a little behind on debt reduction, and haven't been expanding as aggressively as X. But they're also a bigger company. They do a much better job sourcing domestic pig iron, and have better margins historically because of it, but X will be addressing that this year. They trade much closer to fair value, and I think there's some value in a management team that can keep that gap closed. MT can't, PKX can't, TX can't. From a pure upside standpoint, I like X, but if you just want a quality steel maker for the long term, CLF is one of the safer companies.
$X is a great stock/company. But if I own $CLF also owning $X is tying a lot to one industry. I traded/lived thru 2008. The gold & steel stocks never hit 2007 peak commodity highs. $MOS, $FCX, $XOM did. So I am BTFD on the Steel stock, Another tib bit. The commodity super cycle from 2004 didn't end until 2012. Keep buying $X. You'll do ok.
Valid analysis. I would say $MOS will double after earnings in a month. $CLF has inflationary pressures. Unlike oil or food businesses can put projects on a hold. $FCX which i just bought back into today after taking a lot of tasty gains is the biggest gamble. Unlike $MOS or $CLF...if China keeps shutting down manufacturing than copper will under perform Ag & STeel
Just another day on Wall Street. Rampant speculation on paper that is completely detached from the actual market. I often think about the 2010-2013 price fixing of aluminum by Goldman Sachs and JPM even though that wasn't just on paper. Goldman controlled metal storage facilities and artificially drove up aluminum around the world costs consumers and estimated 5B. How easy would it honestly be for a billion dollar investing firm to bid up or drive down some steel (HRC) futures seeing as that is the number one driver of stocks like $X and $CLF? Take a position in these stocks then drive up or down the futures of the underlying commodity?
3 months? No way, I'm not waiting 3 months. CLF is a great company. You have lost it if you don't think that's a great play. Meme stock? CLF is a steel company with one of the lowest p/e ratio in the market. CLF is a great company, they are vertically integrated. 20 bil revenue, cleveland, steel, what's not to like? ​ Honestly, I only got JXN because I wanted some financial exposure; I was in DPST but it was just too volatile. IWM because of the rebalancing this week.
Yeah, over what timeframe? 3 months? Leveraged ETFs generally aren't for the long-term, CLF isn't a particularly great company, and certainly not one worth the risk of allocating 45% to imo. But out of all the meme stocks at least it's a profitable one. The others I can't fault you for, the allocation is sensible, although I take it Jackson is more of a short-to-mid term play as well, no?
Vitards like in no order steel shipping and oil. Tickers are ZIM CLF X PBT BPT PBR VTNR etc. Now Vitards are near capitulation as everything is taking a beating. If you think of entry now you will be with no bags and of course it can fall more. Most will give divvys and do buyback. ASTL is another not popular one but was a SPAC
That's why I have been buying mostly small caps and cheaper valuation commodity stocks. Both have been hit very hard this year but I am looking at the long term picture. The commodity stocks (minus Oil) like $CLF, $MOS, $GGB, $IPI, etc could end up being expensive if commodity prices fall off a cliff. So those are a gamble. However, there is still this nasty supply/demand problem. But look at the Forward P/E's under 7 for $HOG and $GT just as 2 examples off the top of my head. They are priced as if no one is ever going to buy a motorcycle or tires ever again. And there are so many other small caps trading at the same low low forward valuations. Sure if demand falls and the cost of inputs like Steel, Oil, Copper, etc keep rising those Forward P/E's could double, maybe in a worse case scenario. But then they would still be trading at a Forward P/E under 15. And the bull case is that these stocks could double and still be under priced. History might show that I bought a whole bunch of value trap stocks at the top. But this market has completely mispriced growth from value that Coca-Cola is trading at a forward P/E 4x that of Harley-Davidson and Coca-Cola is even trading at a slightly higher valuation than Paypal and Apple for christ sakes. End of Rant.
Since everyone is talking about demand destruction & recessions; I bought back into $BP and $CLF today. The market has been sooo wrong all year on calling the top in transitory inflation & the top in Commodities & Crude Oil that I'm BTFD.
Of the lower p/e ratio stocks, which do you like best? I'll just throw 5 out there, please choose one or two from these 5. Low P/E stocks: DAC ZIM CLF JPM WEBR ​ Webr is having the best day today but I think I like CLF best.
Broke mostly $F and $GM -30%. 2 share's of $GME over performing legacy auto maker's. Roth IRA. -27%. $LCID. $FSR. $CLOV ($3.21 average) then $CLF, $DVN, $HTZ, $UUUU. All were green at points in time. Not now. 401k index through SP 500 and FTSE because on January 28 the Smart play was GB. Thanks Putin. Did sell my SP Growth fund, small/mid cap for FTSE. So.... Would have been same end result. It's final destination, wallet edition.
You coulda stopped after your opening statement and maybe listed reason or financials on why you like it. Its amazing that there isnt a single post on this or any other stock sub that doesnt contain the words short, shortie, hedgies, manipulation...blah blah blah. That shit is a joke. You think its a good entry thats fine, once you start spouting that nonsense people should tune out. I made a post about CLF when it was 3 bucks. I basically said it was cheap and a possible infrastructure deal was coming. I didnt even use the word undervalued 🤢🤮. But the write up was about 4 sentences long. Good luck
Did anyone notice several stocks (CLF, SHOP, SNOW, PINS, PLTR, NET, V, etc.) had an absolute monster jump in volume in the final minute of trading today? And other stocks (MSFT, APL, CNR, DKNG) had a moderately high jump? Any idea what that's about?
Yes. Just try to feel it out, but I like to add 20-30 stocks and watch them like a hawk. Apple 132P 6/24 TGT 140P 6/24 DIS 94P 6/24 DOCU 54P 6/24 (literally shitty company, short whenever) CLF 17P 6/24 (put city lol) META 160P 6/24 or 6/17 DWAC 27P 6/24 (be careful w this bc of cult followers, but the Jan 6 meetings hearing are so damaging right now that it continues to crater) Also play Google split & maybe Shopify split I don’t like touching SPY, but if I do it has to be 0DTE (0 days until expiration) and then I get the fuck out. Never double dip
Yes, and their dividend is floating based on revenue. Gerdau is more risky than AT&T. But I don't consider it anymore risky than spec tech stocks. This is the same pushback I get on $MOS and $CLF. I agree revenues might have peaked. But they are already priced at ridiculous low forward P/E's under 5. So let's say earnings are cut in half. That's still a forward P/E under 10. And that is assuming their earnings decline by 50%. What if they decline by 25% instead of 50%? What happens if commodity prices spike instead of decline? The risk/reward is worth it to me.
I am in RIO, although I find BHP and FCX intriguing as well. FCX is more of a pure play, where RIO is a bit more diverse with iron, bauxite/alumina products, gold, diamonds, industrial minerals etc., but they do have a massive copper asset in Mongolia. RIO's dividend yield is over 10%. I'm also in MP, REMX, and CLF.
So im thinking of using some of my cash reserves now. My thoughts regarding this lump 40% GOOG 20% MSFT 20% AAPL 10% DKNG (-60%) 5% ASO (+25%) 5% VOYG.TO (-70%) Parenthesis are current situation. I cant buy fractional hence the heavy google. I do want in on CLF as well but im unsure how to prioritize it. Bit tech heavy i suppose.. Thoughts? Im not in Google, Microsoft or Apple at all at the moment which bugs me, especially when i was seriously considering apple for $120 last spring
Marathon Oil is a good stock. I’ve made a lot of money on this 1 via a combo of LEAPS and shares. Definitely still has room to grow. They’re breakeven is 35WTI. They’re next 2 quarters are gonna be insane. They’re actively paying down debt and buying back a shit ton of stock back. I rotated out of tech and got into steel, oil, and energy. CLF Is my steel play, I got into it with LEAPS and shares at 15. If we do go into a recession and steel demand decreases I would gladly pick up more shares. Ukraine and Russia were massive exporters of steel, with the war going on supply is cut shorter. They also don’t rely on imports unlike the rest of US steel makers. So they aren’t negatively effected by the war. They’re extremely aggressive on stock buybacks, buying back roughly 10% of outstanding shares a year. There’s been a lot of insider buying as of late. And they’re aiming to eventually go debt free. They’ve been very aggressive on debt payments. Not to mention most of their sales are on set contractual prices. So the recent fall of steel isn’t effecting them too bad. They also produce a lot of the material used in EV charging station. It sounds like I’m shilling them lol. But imo they’re extremely overlooked and undervalued at this moment. But do your own DD ofc.
So I’m thinking these Meta 175P CLF 19P bottom probably being 16.50-17 TGT 148P w 140/142 price target Amazon 107P or 105P I’m thinking that’s going to $100 6/17 or 6/24 for all of these. I have a few others I’m thinking, but I do know if market craters again next week apple is going to 126-132. After 132ish support next is 125 I believe then 120. I know that these positions are either in the money or very close to, keep in mind that I tend to buy all of my options in the money bc I’m paranoid
🎾 2022 Australian Open | Quarterfinals | ❌ Second set **What the hell is this?** I'm just adding this comment to document all the 🎾 plays from the second set, of the quarterfinals, from the first tournament. That's all. The plays are in chronological order. I'm including the then-current score, win/lose, ticker, and result. For the quarterfinals, profits must be 20% or more to count as a game. |Quarterfinals|(https://www.reddit.com/r/wallstreetbetsOGs/comments/v60ura/comment/ibeif4r/?utm_source=share&utm_medium=web2x&context=3)|2| |:-|:-|:-| |[Ana Logue-Bombe](https://imgur.com/a/kxp0i3I)|**6**|1| |[Zarina Diyakupov](https://imgur.com/a/kxp0i3I)|4|**6**| 0-1 ❌ [NU -10%](https://www.reddit.com/r/wallstreetbetsOGs/comments/v7mv0v/comment/ibma24t/?utm_source=share&utm_medium=web2x&context=3) 0-2 ❌ [CLF -6%](https://www.reddit.com/r/wallstreetbetsOGs/comments/v7mv0v/comment/ibmdjr1/?utm_source=share&utm_medium=web2x&context=3) 0-2 🪢 [AMZN 6%](https://www.reddit.com/r/wallstreetbetsOGs/comments/v7mv0v/comment/ibmgnpk/?utm_source=share&utm_medium=web2x&context=3) 1-2 ✔️ [TSLA 38%](https://www.reddit.com/r/wallstreetbetsOGs/comments/v7mv0v/comment/ibmqam0/?utm_source=share&utm_medium=web2x&context=3) 1-3 ❌ [TSLA -100%](https://www.reddit.com/r/wallstreetbetsOGs/comments/v7mv0v/comment/ibn7zun/?utm_source=share&utm_medium=web2x&context=3) 1-4 ❌ [TSLA -100%](https://www.reddit.com/r/wallstreetbetsOGs/comments/v8e8fr/comment/ibqrq0k/?utm_source=share&utm_medium=web2x&context=3) 1-5 ❌ [NVDA -100%](https://www.reddit.com/r/wallstreetbetsOGs/comments/v8e8fr/comment/ibrdhsy/?utm_source=share&utm_medium=web2x&context=3) 1-5 🪢 [SPY 4%](https://www.reddit.com/r/wallstreetbetsOGs/comments/v8e8fr/comment/ibrfytv/?utm_source=share&utm_medium=web2x&context=3) 1-6 ❌ [U -64%](https://www.reddit.com/r/wallstreetbetsOGs/comments/v8e8fr/comment/ibrnhbv/?utm_source=share&utm_medium=web2x&context=3) *🎙 Match report: "Rookie Ana Logue-Bombe's streak of winning sets came to a crashing halt. After suffering a narrow defeat in the first set, Zarina Diyakupov came out swinging and easily tied the match at one set a piece. Carrying momentum, Zarina aims to defeat the rookie and move on to the semifinals."* \----- Have a good day.
I might be the most foolish one here buying stock before CPI. I prolly should have waited for close instead of buying 1 hr into open. I opened a position in $HTLD. I've been watching $GT and $WNC rebound for a month now. The transport stocks are completely oversold. Everyone is talking about trucking being under pressure due to labor & diesel prices. However these stock charts are telling me a completely different story. So $WEAT, $CLF, and $HTLD it is for the day. I added $MOS and $BUD earlier this week. Sold out of $PYPL.
🎾 Conclusion to my [AMZN May20 2095p](https://www.reddit.com/r/wallstreetbetsOGs/comments/ut0tyb/comment/i9793hg/?utm_source=share&utm_medium=web2x&context=3) Bought for $20.00. [Sold for $21.20](https://www.reddit.com/r/wallstreetbetsOGs/comments/ut0tyb/comment/i97aakj/?utm_source=share&utm_medium=web2x&context=3). **6% profit** |Quarterfinals|(https://www.reddit.com/r/wallstreetbetsOGs/comments/v60ura/comment/ibeif4r/?utm_source=share&utm_medium=web2x&context=3)|2| |:-|:-|:-| |[Ana Logue-Bombe](https://imgur.com/a/kxp0i3I)|**6**|0| |[Zarina Diyakupov](https://imgur.com/a/kxp0i3I)|4|2| \----- Back then, I mentioned that day showed a bullish open, bearish fade, then a second chance for the bulls. That's why I decided to get out of the [CLF puts](https://www.reddit.com/r/wallstreetbetsOGs/comments/v7mv0v/comment/ibmdjr1/?utm_source=share&utm_medium=web2x&context=3) and secure profit here. No point in getting chopped to death. And I made much more money with the AMZN calls' 6% profit than the CLF puts' -6% loss. However, this tournament doesn't consider p/l but the result of each play. And since this is the quarterfinals, the minimum profit is 20%, so this play doesn't meet that requirement. No game for no one.
🎾 Conclusion to my [CLF May20 22p](https://www.reddit.com/r/wallstreetbetsOGs/comments/usa7qf/comment/i93zoyc/?utm_source=share&utm_medium=web2x&context=3) Bought for $1.05. Then averaged down. [Cost basis was $1.02](https://www.reddit.com/r/wallstreetbetsOGs/comments/usa7qf/comment/i942ov9/?utm_source=share&utm_medium=web2x&context=3). [Sold for $0.95](https://www.reddit.com/r/wallstreetbetsOGs/comments/ut0tyb/comment/i9789e9/?utm_source=share&utm_medium=web2x&context=3). **-6% loss** |Quarterfinals|(https://www.reddit.com/r/wallstreetbetsOGs/comments/v60ura/comment/ibeif4r/?utm_source=share&utm_medium=web2x&context=3)|2| |:-|:-|:-| |[Ana Logue-Bombe](https://imgur.com/a/kxp0i3I)|**6**|0| |[Zarina Diyakupov](https://imgur.com/a/kxp0i3I)|4|2|
$55.30 has been support since March 3rd for $MOS. If it does break thru that support than $47.33 is the next level of support. $MOS is trading like $CLF was from Jan 1st thru Jan 31st before it broke out to the upside. There are no certainties in life but eventually valuations matter.