Look at WETF, CSX, NOV., FEYE, and CGNX to name a few. MF picks are usually high P/E that have already been over bought and do not do well in a spotty market. Maybe if one were to buy and hold for 5 to 10 years you could make money.
I put him on ignore. For some reason he thinks of FCX as a gold and silver company. Others think of it as an oil company. To understand it look at copper prices. To understand copper prices, look at the dollar, international economy and replacement of infra-structure.
NOV, WETF, CSX, FEYE , SWIR, to name a few. All high PE stocks some with no discernable earnings. I guess if I held for 10 years I might show a profit, but their recommendations certainly don't suite my goals.
I get a total kick out of these boards. Do you mean the hammer is cocked? Who is the market genius who thinks this is an oil company? Who thinks the PPS of FCX is controlled by some mysterious Wall Street cabal rather than the price of copper? I don't take my predictions too seriously as I know a broken clock is accurate twice a day but, I sure called this one when copper was selling under $2.
I remember when the GE CEO announced that the dividend was secure and one month later it was cut. On the other hand, I remember when everyone on Wall Street thought Europe was doomed and AEH and ING (preferred stock) was selling under $14 per share. This can work either way. In the long long run, fossil fuels are not in our future but I will not care about investing 50 years from now.
I am beginning to think Yahoo is a total failure for allowing what goes on on this and other boards. I think this is a great example of the lack of ability on the part of Yahoo management.
You ever hear of Indonesia? When this problem is resolved, FCX should recover by about 5%
What % of revenues come from oil vs. copper? I guess you can explain why oil stocks are up and FCX is down by something other than the conspiracy theory.
FCX follows the price of copper. Copper, below $2 is oversold. I notice an FCX price correction with the 0.5% drop in copper. This, with yesterday's extraordinary and probably unjustified gain is the reason for today.s action. .
Your timing is great so far. What are your thoughts on 2015 earnings? I feel they will beat the street and raise guidance. Stock may well be 150 by the end of the quarter.
Sentiment: Strong Buy
I do not remember seeing copper lower than $2.00 an oz. All we need to see is an economic recovery world wide with increase in capex and we could see copper prices increase 25%. FCX under 5 looks like a big winner in a few years. Remember industrial use vs. gold and silver.
You're describing the price of oil. This is congruent with SDRL PPS. If you think me wrong, please explain other wise. By the way, this is a stock I wish I never heard of.
A good example of the wrong leadership is JCP's former CEO Mr. Johnson who didn't understand that sales build traffic.