Cleveland-Cliffs had an outstanding quarter, both beating estimates and raising guidance for the year.
It remains well-positioned competitively and is run by a strong management team.
The stock still trades at an attractive valuation when considering the company's current and future earnings power.
Cleveland-Cliffs' (NYSE:CLF) stock jumped 12.6% after a strong Q2 earnings report on Friday, during which the company beat analyst estimates and raised full-year guidance.
Though the stock has