Trump Factor Has Boosted Cliffs Natural Resources Stock 28%


Nov. 25 2016, Updated 12:27 p.m. ET

Cliffs Natural Resources: Impressive gains

Cliffs Natural Resources (CLF) has risen an impressive 28.0% since Donald Trump won the US presidential election. That’s just 11 trading days. As of November 23, 2016, CLF was trading at $9.20 per share. That brings the year-to-date rise to a whopping 350.0%.

Let’s compare that figure to 2015 when the stock had a loss of 78.0%. After trading for more than $100 per share in 2011, the stock was on the verge of being reduced to penny stock in 2016. It traded at $1.26 per share at the beginning of 2016.

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Trump impact

Prior to the election, Trump campaigned heavily in steelmaking states, vowing to protect the sector from illegal and subsidized imports. The steel industry in the United States is the obvious winner after Trump’s win. He’s known for his stand on protectionism.

Trump also promised to focus on infrastructure, which led industrial metals to rally in the aftermath of the election. Cliffs isn’t alone. United States Steel (X), AK Steel (AKS), and Nucor (NUE) have also had recent double-digit gains.

Series overview

In this series, we’ll analyze how the US (SPY) steel sector could play out under Trump’s presidency. We’ll also look at other factors that could impact Cliffs Natural Resources while Trump is president. We’ll see how Cliffs stock has performed to date and how it could perform going forward.

Let’s start by seeing what impact a Trump presidency could have on Cliffs Natural Resources’ volumes.


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