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Cleveland-Cliffs Stock Builds Momentum On GM Award, AI Deal

MATT MONACO•UPDATED MAY. 27, 2026, 5:03 PM ET
Reviewed by Jack Kelloggand Fact-checked by Tim Sykes

Cleveland-Cliffs Inc. stocks have been trading up by 7.51 percent amid strong steel demand and bullish analyst upgrades.

Candlestick Chart

Live Update At 17:03:27 EDT: On Wednesday, May 27, 2026 Cleveland-Cliffs Inc. stock [NYSE: CLF] is trending up by 7.51%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

CLF has quietly shifted from dead money to a tradable momentum name over the past two weeks. From the May low near $10.07 on 2026/05/20, Cleveland-Cliffs pushed to a 2026/05/27 close of $12.83, a roughly 27% move in a short window. The daily chart shows a steady staircase of higher lows and higher closes, a pattern short-term traders love to stalk.

Intraday on 2026/05/27, CLF opened around $11.94 and held a strong trend, pushing above $13 before settling just under the highs. Volume-backed pushes like this often signal funds repositioning, not just retail noise. On the tape, you see tight five‑minute consolidation between $12.70 and $12.95 for much of the afternoon, suggesting strong hands soaking up dips.

Fundamentally, CLF is still a turnaround-type story. Revenue runs about $18.61B, but the latest quarter showed a net loss of $237M and negative operating cash flow of $325M. Leverage is real, with total debt-to-equity at 1.33 and interest coverage at only 0.2. For traders, that mix of improving price action over shaky earnings can fuel both sharp breakouts and violent pullbacks.

Why Traders Are Watching CLF Right Now

Cleveland-Cliffs is back on momentum screens for real reasons, not just chat-room hype. The GM 2025 Supplier of the Year win is a big deal. CLF is the only North American steel producer to get the award and it is the ninth time GM has handed it to them. That kind of repeat recognition signals locked-in trust from one of the largest automakers in the world. For traders, it suggests Cleveland-Cliffs has sticky auto volumes and, more importantly, some pricing power when contracts reset.

This isn’t just a trophy on the wall. When a company like GM keeps coming back, it reduces demand uncertainty for CLF across the cycle. In a commodity business, visibility is gold. That helps explain why CLF has outpaced many steel peers in recent sessions as the market connects the dots between auto exposure and margin resilience.

Then layer in the Palantir partnership. Cleveland-Cliffs signed a three‑year strategic deal to deploy Palantir’s enterprise AI platform across both operations and commercial functions. This is not a small side project. The platform is set to touch production planning, order entry, and core operational workflows. For an asset-heavy operator like CLF, shaving even a few percentage points off costs or tightening inventory turns can translate into serious earnings leverage when steel prices are firm.

Goldman Sachs nudging its CLF price target from $9 to $10 while holding a Neutral stance adds another angle. It confirms the steel macro backdrop—higher import costs, supply chain friction, disciplined pricing, and strong demand—is shifting in favor of producers like Cleveland-Cliffs. But the Neutral tag reminds traders not to chase blindly; big funds still see a balanced risk/reward, which can cap upside unless execution on the Palantir rollout and auto contracts really shows up in the numbers.

More Breaking News

Conclusion

For active traders, CLF sits at the crossroads of story and numbers. On one side, the latest quarter shows pressure: negative profit margins, weak returns on equity, and free cash flow under strain. On the other, the tape tells you Cleveland-Cliffs is being repriced as traders digest the GM award, the Palantir AI partnership, and a tighter steel market flagged by Goldman.

Cleveland-Cliffs’ deep relationship with General Motors gives CLF something many steel names lack—credible volume visibility into a major end market. Combine that with an AI-driven push to overhaul production planning and order flow, and you have a fundamentally news-supported catalyst stack. If the Palantir integration actually boosts efficiency and decision-making, the current turnaround narrative gains real teeth.

Still, leverage and thin interest coverage keep CLF squarely in the “trade it, don’t marry it” camp for many in the Tim Sykes community. The recent run from $10s into the high $12s shows how fast sentiment can flip in this name. As Tim Sykes likes to say, “The market doesn’t care about your opinion, only your plan.” As millionaire penny stock trader and teacher Tim Sykes, says, “Consistency is key in trading; don’t let emotions dictate your trades.”. For Cleveland-Cliffs, that means traders should map out clear levels, respect the volatility, and let the chart and news—not hope—drive their CLF trading decisions.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”