Cerity Partners Chief Strategist Buys More Cleveland-Cliffs Stock

Jim Lebenthal cites ongoing strength in the steel industry as reason for increased investment.

Feb. 9, 2026 at 12:47pm

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Jim Lebenthal, Chief Market Strategist at Cerity Partners, appeared on CNBC's "Halftime Report" to discuss his decision to purchase additional shares of Cleveland-Cliffs, a major American steel producer. Lebenthal cited the continued strength and growth he sees in the overall steel industry as the primary driver behind his increased investment in the company.

Why it matters

Cleveland-Cliffs is one of the largest integrated steel producers in North America, with operations spanning mining, steelmaking, and downstream finishing. Lebenthal's bullish stance on the company and the steel sector more broadly suggests he believes the industry is poised for further expansion and profitability.

The details

During his CNBC appearance, Lebenthal explained that he sees ongoing tailwinds for Cleveland-Cliffs and the steel industry, including robust demand, favorable pricing, and the company's strategic positioning. As a result, he has decided to increase his firm's investment in Cleveland-Cliffs' stock.

  • Lebenthal's comments were made on CNBC's "Halftime Report" program on February 9, 2026.

The players

Jim Lebenthal

Chief Market Strategist at Cerity Partners, an investment management firm.

Cleveland-Cliffs

A major American steel producer and one of the largest integrated steel companies in North America.

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What they’re saying

“I'm buying more Cleveland Cliffs now.”

— Jim Lebenthal, Chief Market Strategist (CNBC)

The takeaway

Lebenthal's increased investment in Cleveland-Cliffs suggests he believes the steel industry will continue to see strong demand and favorable market conditions, underscoring the potential for further growth and profitability in the sector.