According to Yahoo Finance, FCX after hours jumped to $33.53. I would not base an investment or trading decision on that data point, of course, but FYI.
What do people think of Mr. Moffett? He still has sold nothing per the SEC insider trading filings and acquired more than $5.4 million at more than $31 per share 1/31/14, according to Yahoo Finance. Is he more knowledgeable or a better predictor of future FCX share price and financial results than is Mr. Adkerson?
Second, has the stock of any alternative copper supplier to China/Japan/Korea increased dramatically the last few weeks? Thank you. --Data
Nice to see MarketWatch on 11/18/13 at 11:29 a.m. reporting UGP as among its top picks for 2014. HSBC likes the energy sector for 2014, which also bodes well for UGP's sector. Within energy, HSBC likes Latin American energy.
Wall Street Journal reported earlier this month that emerging markets stock look like a better valuation than the U.S. stock market. Although of course emerging markets is a wide area, maybe the Middle East and Russia can be ruled out (HSBC is among those not favoring Russia in 2014), which narrows it somewhat. Then ask yourself, would you rather be in Asia with North Korea and China so potentially volatile or in Latin America? However that may be, the company specific recommendation of HSBC is notable.
If you profit with UGP, consider donating some to a worthy charity. It's the season of joy and hope!