Cleveland-Cliffs (NYSE: CLF) reported mixed earnings the morning after the Super Bowl. The initial market reaction was bearish, but following the sell-off, the stock may be worth another look with fresh eyes.
Shares of the U.S.-based steelmaker (forgive the play on words) fell off a cliff to the tune of 18.9% in midday trading the day after the report. The results were solid in spots, but weak elsewhere, with a better-than-expected earnings loss being offset by revenue that came in below forecast.
