In today’s briefing:
- AMD: The Bear Market Rally Is Over
- Cleveland-Cliffs Inc: What Is Its True Moat Source? – Key Drivers
AMD: The Bear Market Rally Is Over
- The sharp rebound of Advanced Micro Devices, Inc. (NASDAQ:AMD) over the recent months came to a sudden halt after market participants were once again surprised by the deteriorating outlook for the company.
- Prompted by the bear market rally in equities, AMD’s stock has almost doubled in a matter of just a couple of months from October of last year to March 2023.
- While everyone was cheering the new wave of AI-driven demand, the quarterly report from earlier this week is a warning that should not be ignored.
Cleveland-Cliffs Inc: What Is Its True Moat Source? – Key Drivers
- It was a successful Q4 for Cleveland-Cliffs as the company managed an all-around beat with lower-than-expected losses.
- Cleveland-Cliffs supplies over 7 million tons of steel to the automotive industry, including 5 million tons of direct sales and over 2 million tons of indirect sales.
- With typical volumes of 5 million tons per year, the company expects its full-year 2023 carbon flat-rolled steel selling price to increase to $1,415 per net ton, a $115 per net ton increase year over year.
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