US Stock of the Day | Kabutaro & Friends

On October 19, 2026, the most talked-about US stock online is Cleveland-Cliffs<CLF>.
Background: The major U.S. steelmaker reported July-September results before the open on October 19 (this article is based on information before the U.S. market opened). Revenue was $5.612 billion, steel shipments were 4.2 million net tons, and the average selling price was $1,177 per net ton. Diluted EPS was $0.26, and adjusted EPS was $0.28. Adjusted EBITDA rose sharply to $612 million from $286 million in the April-June quarter. The company expects adjusted EBITDA of about $715 million for the October-December quarter and more than $4 billion for 2027. Meanwhile, citing an oversupplied Canadian galvanized steel market, it announced it will indefinitely idle the galvanizing lines at its subsidiary Stelco. Liquidity was $3.2 billion at the end of September, and it plans a major debt reduction in the October-December quarter.