One of the most overlooked corners of the U.S. economy—the basic materials sector—just reminded investors why it’s worth paying attention. Shares of Cleveland-Cliffs Inc. (NYSE: CLF) soared more than 24% in a single day after the company reported earnings.
This business's share price was already low pre-rally, offering a strong risk-to-reward ratio. Now that it has hit a new 52-week high, investors may wonder if there's more upside. Analyzing industry dynamics can help those still deciding.
