This Steel Stock is a Steal at $13

Right now it has one of my favorite buying signals.‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

"With General Motors surpassing earnings, I like this steel company at its current price." Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance One of my top 2024 wish list stocks recently hit it's buying point at $13. The stock goes by the name Cleveland Cliffs (CLF). CLF is a major supplier of automotive steel, and there are a few reasons why I'm bullish on it right now. For one, General Motors (GM) posted strong earnings numbers yesterday. The automaker giant generated $48.8 billion in third-quarter sales, beating estimates by more than $4 billion. As of this writing on Tuesday, GM stock was up 10.5%. And while gas-powered vehicles were a big part of its strong earnings, GM's CEO Mary Barra told investors its electric vehicle line will start achieving variable profit by the fourth quarter of 2024. Right now GM is on pace to hit its goal of producing and wholesaling 200,000 EV's in North America by the end of the year. This is good news for Cleveland Cliffs, as it means strong demand for its car building materials. The second reason is CLF also has one of my favorite buying signals – insider buying. Throughout the last year, Cleveland Cliffs insiders have significantly increased their shares in the company by investing $2.71 million. One of those insiders is Chairman Lourenco Goncalves, who purchased $1 million worth of shares at $16.76 each, which is notably higher the current market price of $13.45. Insiders only buy for one reason, they think the stock is going to go up, and big share purchases from the company's high-level executives are exactly what I look for as a key buying indicator. Urgent Election Blueprint This election could have a huge effect on your wealth. But Alexander Green has a bold prediction... He says if you prepare now, it won't matter who wins... so long as you utilize what he calls "the perfect election strategy." "I've used this strategy to outperform the market by up to 578% every single year following an election since 2004." - Alexander Green He's going live with the details at his free online election event October 29 at 2 p.m. Eastern. Reserve your free spot here. Action Plan: With strong demand for its materials and another insider buy, I currently have a long-term LEAPS trade on CLF in The War Room. It's just one of several stocks I'm positioned on heading into the homestretch of 2024. For more trade ideas like these, I invite you to join us in The War Room. Last week we closed 8 of 10 trades for winners, including a 50% winner on SCHW in 1 trading day. Click here to learn more about how you could get all our trade alerts. NEW RESEARCH: AI Trading Tool "S.A.M." Could Have Found Profitable Trades With as Much as an 82% Win Rate (Over 5 Years)! 5-year backtest shows that a revolutionary new AI-powered scanner developed by legendary trader Nate Bear could have found as many as 7,286 profitable plays (an average of 5 per day). See why traders who have early access can't stop raving about how powerful this new tool is. See the LIVE demo here... >> Click to See the Demo << Monument Traders Alliance   You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, click here. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 Website | Privacy Policy Keep the emails you value from falling into your spam folder. Whitelist Trade of the Day. © 2024 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.