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Cleveland-Cliffs Stock Climbs As GM Award, AI Deal Boost Outlook

TIM SYKES•UPDATED MAY. 27, 2026, 11:33 AM ET
Reviewed by Jack Kelloggand Fact-checked by Ellis Hobbs

Cleveland-Cliffs Inc. stocks have been trading up by 7.64 percent following upbeat coverage of robust steel demand and earnings.

Candlestick Chart

Live Update At 11:32:11 EDT: On Wednesday, May 27, 2026 Cleveland-Cliffs Inc. stock [NYSE: CLF] is trending up by 7.64%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

CLF has been grinding higher on the chart. Over the past two weeks, Cleveland-Cliffs Inc. climbed from a close near $10.25 on 2026/05/04 to about $12.90 on 2026/05/27. That is a strong percentage move in a short window for a cyclical steel name. The daily candles show a steady stair-step pattern, with CLF pushing through the $11 and $12 areas as prior resistance levels turned into support.

Intraday on 2026/05/27, CLF opened around $11.94, flushed briefly under $12 at the open, then trended higher into the $13 area before consolidating around $12.90. That tells traders there is active momentum and dip-buying interest, not just a slow grind.

Fundamentals are still messy. Cleveland-Cliffs reported quarterly revenue of about $4.92B, but the latest quarter showed a net loss of roughly $237M and negative operating cash flow of about $325M. Margins remain thin, leverage is meaningful, and free cash flow was negative. For short-term traders, that mix—improving price action with still-challenged earnings—often sets up strong technical trading opportunities as news headlines drive sentiment swings in CLF.

Why Traders Are Watching CLF Right Now

CLF is suddenly back on a lot of watchlists because the news flow turned from survival mode to competitive strength. The headline win is clear: Cleveland-Cliffs being named General Motors’ 2025 Supplier of the Year, and as the only North American steel producer to get that honor, is a big credibility stamp. It is the ninth time CLF has earned this recognition, which screams consistency and reliability to the auto OEMs that need steady, high-quality supply.

For traders, that GM award suggests Cleveland-Cliffs has real pricing and volume stability tied to the North American auto cycle. When a giant like GM repeatedly chooses you as top supplier, it signals CLF is not just another commodity steel name. It is embedded in the value chain. That can support sentiment every time auto demand headlines look even slightly better.

At the same time, Cleveland-Cliffs is leaning hard into technology. The three-year strategic partnership with Palantir to deploy an enterprise AI platform across operations and commercial functions is not just buzzwords. CLF plans to embed AI into production planning, order entry, and operational workflows. If that works, it could mean lower unit costs, faster response to demand shifts, and tighter working capital control.

Layer on Goldman Sachs nudging its CLF price target up from $9 to $10—still Neutral, but acknowledging stronger steel pricing thanks to higher import costs, supply chain issues, and disciplined domestic pricing. Traders see that as confirmation that the macro backdrop for Cleveland-Cliffs is improving, even while the Street stays cautious enough to fuel short squeezes when news surprises.

More Breaking News

Conclusion

Put it all together and CLF has a classic trader’s setup: strong news, improving technicals, and fundamentals that are not perfect yet. Cleveland-Cliffs just showed the market it remains a go-to supplier for General Motors and the broader North American auto space, which supports the demand story. At the same time, the Palantir AI partnership tells traders Cleveland-Cliffs is not content to ride the cycle; it is trying to reshape its cost structure and decision-making.

The financials still show pressure—losses, negative free cash flow, and leverage—so this is not a smooth, slow-and-steady story. That is exactly why active traders stay glued to CLF. When sentiment shifts on a name like Cleveland-Cliffs, the moves can be fast and emotional in both directions.

Goldman Sachs lifting its target to $10 while highlighting a better steel price environment adds a cautious tailwind. It signals that, at least for now, the steel tape is friendlier to names like CLF. For day traders and swing traders, the key is to respect the volatility, map the key levels around $12 and $13, and react to how price behaves around major headlines. In a name this volatile, mindset matters just as much as pattern recognition. As millionaire penny stock trader and teacher Tim Sykes, says, “Embrace the journey, the ups and downs; each mistake is a lesson to improve your strategy.” For active CLF traders, that kind of trading mindset can make the difference between chasing and patiently waiting for high-probability setups.

As Tim Sykes likes to say, “Charts don’t lie, degenerate traders do.” For Cleveland-Cliffs, the chart is telling you that, right now, momentum is real—but discipline still matters. This article is for educational and research purposes only and is not investment advice.

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”