2024-04-18 09:39:51 ET
Summary
- Cleveland-Cliffs is scheduled to report Q1 results early next week, and the pressure on management to deliver is rising.
- Investors should pay close attention to any updates regarding the company's future capital allocation.
- Margin upside for the rest of 2024 appears fairly limited, which puts the share price performance at the mercy of exogenous factors.
On the surface, the past year appears as a very successful one for Cleveland-Cliffs (CLF) as the stock appreciated by more than 22% over the period. With the company scheduled to report its Q1 2024 results early next week, investors are already looking ahead to another strong year....
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Cleveland-Cliffs Q1 2024 Earnings: Capital Allocation And Costs Are In The Spotlight