Cleveland-Cliffs (CLF: NYSE)

CLF has just made waves in the business world with an incredible second quarter that’s blown all expectations out of the water. With a stunning 3x increase in EBITDA, the company is sitting on a clean $775 million. This momentum is set to continue, as steel costs rise and CLF anticipates a drop in their own steel production costs by $40 per ton in the next quarter. It’s clear that the management team at CLF are making all the right moves, returning approximately $100 million to shareholders through a well-timed buyback program. With an average price of just over $14 per share, it’s a smart trade that’s already hit the black. 

With all the positive signs pointing towards a bright future for CLF, it’s a company that investors should be watching closely. We’re certainly bullish on CLF above $15.00-$15.00, and with an upside target of $24.00-$25.00 it’s definitely one to keep an eye on.

PBF Energy (PBF: NYSE)

The energy sector may be under-owned, but there’s one company worth paying attention to: PBF Energy. What sets PBF apart is their lack of debt, which is a major advantage in a rising rate environment. In fact, lenders may be lined up begging them to borrow money. Adding to their strength is a recent massive deal with energy conglomerate ENI to help pay for a biorefinery. And with just over 9% of floated shares being sold short, PBF is ripe for a modest short squeeze. 

As long as the stock remains above $42.00-$43.00, we’re bullish on PBF and have an upside target of $56.00-$58.00. Clearly, PBF Energy is a standout in the energy sector.

MATIC/USDT

The cryptocurrency market is constantly in flux, and one coin that has been feeling the pressure lately is MATIC. It’s been on a downward trend for the past five weeks and is currently oversold on higher time frames. 

But there is some hope on the horizon, as over the last week, the price has finally stabilized around the $0.67 level of support. This stabilization could potentially be a tipping point for MATIC as it prepares to ascend to test the next area of resistance at $0.70 – $0.74. This could provide a crucial opportunity for investors to jump on board and make some gains. 

However, if the market takes a nosedive again and MATIC loses the $0.65 – $0.67 area, then it’s time to buckle up for a potential dip to $0.56 – $0.60. Overall, the future for MATIC is unpredictable, but the recent stabilization could be a sign of good things to come.

FTM/USDT

FANTOM has experienced a significant retracement of almost 50% over the past six weeks. 

However, the price of FANTOM has been retesting support levels and resistance lines. It has recently tested both $0.24 and the descending resistance line from mid-July, which have both proven to be strong resistance levels. Despite facing this obstacle, if the price of FANTOM can successfully break through the $0.24 level, it may test higher levels at $0.25 – $0.265. 

Alternatively, if the price retraces and breaks through the $0.23 support level, the next support level can be found at the bottom of the range at $0.21.  Overall, while the market is constantly fluctuating, FANTOM has proven to be resilient in the face of extreme challenges and is still a viable investment option.