Check out the companies making the biggest moves premarket: Cleveland-Cliffs — The steelmaker's stock gained over 10% after the company posted better-than-expected earnings for the third quarter. Cleveland-Cliffs reported adjusted earnings of 28 cents per share, topping a FactSet estimate of 21 cents per share. The report comes after the Canadian government last week threatened legal action, including a potential forced sale of Canadian assets, over plans to lay off hundreds of workers at its Stelco operations. Intel — Shares climbed nearly 4% after JPMorgan upgraded the chipmaker to neutral from underweight. "Although [the] turnaround will take years, mgmt execution has been solid, and our confidence is building," wrote analyst Harlan Sur.
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