Cleveland-Cliffs Inc (NYSE:CLF) is a hot topic amid the latest earnings season. Jim Lebenthal from Cerity Partners explained on CNBC why he’s buying more CLF shares despite recent declines. The stock surged post-quarterly results, but dropped after a Wells Fargo downgrade due to rare earth enthusiasm. Lebenthal is bullish on CLF for reasons unrelated to rare earths.

Lebenthal highlighted changing narratives at CLF, pointing to rising auto demand and favorable contracts with major OEMs. A memorandum of understanding with an international steel company to utilize idle assets at CLF also adds to the positive outlook. Lebenthal sees potential in CLF’s changing story, emphasizing factors beyond rare earths.

While CLF shows promise as an investment, some believe AI stocks offer greater potential for higher returns with limited downside risk. An AI stock benefiting from Trump tariffs and onshoring is highlighted for potential value. For those interested in AI stocks, further research on short-term opportunities is recommended for potential gains.

Read more at Yahoo Finance: Analyst Explains Why He’s Buying More Cleveland-Cliffs (CLF)- ‘Leave Rare Earths Aside’