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Cleveland-Cliffs Stock Is Dropping After Earnings. It’s Cheap — but Scary.

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Cleveland-Cliffs stock is falling after its fourth-quarter earnings disappointed the market. Shares of the steelmaker are inexpensive, but investors fear falling profits–and sliding prices for the metal.

Cliffs (ticker: CLF) stock was down 3.1% on Friday morning. The S&P 500 and Dow Jones Industrial Average were up 0.1%% and 0.3%, respectively.

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