Stock CLF is a great stock to buy with plenty of upside potential. One major reason for this is the passing of President Biden's infrastructure bill, which is set to provide a boost to the economy and increase demand for the types of products and services offered by CLF.
CLF, or Cleveland-Cliffs Inc., is a mining and natural resources company that specializes in the production of iron ore and iron ore pellets. The company is well-positioned to benefit from the passage of the infrastructure bill, as it is one of the largest producers of iron ore in the United States.
The infrastructure bill is expected to provide a significant boost to the economy by investing in the country's transportation, energy, and water systems. This increased spending is expected to create jobs and stimulate economic growth, which in turn will drive up demand for the products and services offered by CLF.
Additionally, the passing of the infrastructure bill is expected to lead to an increase in construction activity, which will also benefit CLF. As construction activity increases, there will be a greater demand for steel, which is used in the production of a wide range of products, including cars, appliances, and buildings. And as one of the largest producers of iron ore, a key component in the production of steel, CLF is well-positioned to benefit from this increased demand.
Overall, the passage of the infrastructure bill is just one of the many reasons why CLF is a great stock to buy with plenty of upside potential. With its strong position in the iron ore market and its exposure to the construction industry, CLF is well-positioned to capitalize on the economic growth that is expected to result from the passage of the infrastructure bill. So if you're looking for a stock with plenty of upside potential, CLF is definitely worth considering.
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