FCX - Freeport-McMoRan Inc.
| Previous Close | 14.20 |
| Open | 14.05 |
| Bid | 13.99 x 1100 |
| Ask | 14.05 x 21500 |
| Day's Range | 13.78 - 14.15 |
| 52 Week Range | 9.60 - 19.68 |
| Volume | 26,563,211 |
| Avg. Volume | 21,545,622 |
| Market Cap | 20.287B |
| Beta (3Y Monthly) | 1.48 |
| PE Ratio (TTM) | 7.87 |
| EPS (TTM) | 1.78 |
| Earnings Date | Apr 25, 2019 |
| Forward Dividend & Yield | 0.20 (1.55%) |
| Ex-Dividend Date | 2019-04-12 |
| 1y Target Est | 14.43 |
- TheStreet.com•23 hours ago
Freeport-McMoRan Is Switching Into Bull Market Mode
Commodities are coming back alive in 2019. Since the calendar flipped to January, the popular S&P GSCI Commodity Index has surged nearly 19% higher, the best year-to-date start for the index in more than two decades. As commodity prices rise, commodity stocks' margins experience an operating leverage effect that investors are hungry for as analysts warn on the potential for profit margin compression elsewhere in the market.
- Zacks•yesterday
Analysts Estimate Freeport-McMoRan (FCX) to Report a Decline in Earnings: What to Look Out for
Freeport-McMoRan (FCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- InvestorPlace•yesterday
Thursday’s Vital Data: Intel, Netflix and Freeport McMoRan
U.S. stock futures are rallying into the open this morning.Source: Shutterstock Futures on the Dow Jones Industrial Average are up 0.17% and S&P 500 futures are higher by 0.22%. Nasdaq-100 futures have added 0.18%.Resistance near last year's peak flexed its muscles Wednesday, thwarting the market rally. In the options pits, calls continued to dominate and overall volume climbed to above-average levels. Specifically, about 19.1 million calls and 14.6 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, over at the CBOE, the single-session equity put/call volume ratio fell to 0.55. The 10-day moving average continued hovering near 0.60.Options traders swarmed in the following stocks: Intel (NASDAQ:INTC), Netflix (NASDAQ:NFLX) and Freeport McMoran (NYSE:FCX)Let's take a closer look: Intel (INTC)In yesterday's vital data we highlighted the unexpected settlement between Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) that sent QCOM stock skyrocketing. It turns out Intel was another beneficiary to the news. With AAPL officially befriending Qualcomm for all of its 5G needs, Intel decided to abandon its efforts at developing cellphone modems designed for 5G internet. * 10 Best Stocks to Buy and Hold Forever Rather than punishing Intel for the lost opportunity, investors are rewarding the chipmaker for exiting what was likely to be an unprofitable venture.With Wednesday's 3.26% gain, INTC stock closed at a fresh 19-year high. Its uptrend is on solid footing heading into next week's earnings announcement.On the options trading front, calls ruled the roost. Activity swelled to 447% of the average daily volume, with 280,589 total contracts traded. Calls claimed 63% of the day's take.The pre-earnings volatility ramp continued with a rise to 31% or the 44th percentile of its one-year range. Premiums are pricing in daily moves of $1.14 or 1.9%. Netflix (NFLX)Netflix entered its earnings release with the specter of Disney's (NYSE:DIS) Disney Plus hanging over its head. Fortunately for the streaming king, its quarterly numbers were sufficient to lay investor fears to rest for now. NFLX stock ended the day down 1.31%, which is an extremely quiet reaction compared to some of its monster gaps from past quarters.For the first quarter, Netflix earned 76 cents per share compared to analyst expectations of 57 cents. Revenue also came in above expectations at $4.52 billion versus 4.50 billion.On the options trading front, calls outpaced puts by a slim margin despite the day's descent. Total activity climbed to 241% of the average daily volume, with 392,668 contracts traded. Calls accounted for 55% of the sum.Traders were baking in an earnings gap of 6.5%, so the 1.31% slide came in well below expectations. Chalk this quarter up to a massive win for volatility sellers. Freeport McMoRan (FCX)FCX stock was percolating on Thursday as traders jockeyed for positions ahead of its earnings announcement. The copper and gold company traded up 5% before profit-taking slammed it back to unchanged on the day.This year's recovery has taken FCX shares up some 40% to reclaim the high side of its 200-day moving average. The 20-day and 50-day moving averages are also rising loyally beneath to confirm buyers have wrested control of the short- and intermediate-term trends. Bulls shouldn't rest on their laurels, however. The past four earnings announcements have generated intense selling pressure. Here's to hoping next week's event doesn't undo this year's progress.On the options trading front, traders came after calls with a vengeance. Activity jumped to 385% of the average daily volume, with 192,024 total contracts traded. 86% of the trading came from call options alone.Implied volatility rallied to 47% placing it at the 36th percentile of its one-year range. Premiums are pricing in daily moves of 42 cents or 3%.As of this writing, Tyler Craig held neutral options positions in Disney. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Thursday's Vital Data: Intel, Netflix and Freeport McMoRan appeared first on InvestorPlace.
- Investopedia•2 days ago
Top 5 Copper Stocks for 2019
With copper prices declining after a period of strength, it is important to look for stability and safety in copper-related investments.
- Investopedia•7 days ago
10 Stocks With Upside As Bull Rally Gets Pricey
These stocks, neglected by Wall Street, have the potential to post significant gains according to Jefferies.
- Zacks•7 days ago
Options Traders Expect Huge Moves in Freeport-McMoRan (FCX) Stock
Investors need to pay close attention to Freeport-McMoRan (FCX) stock based on the movements in the options market lately.
- Market Realist•8 days ago
Why Is Barclays Optimistic on the Iron Ore Price Outlook?
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Barclays upgrades iron ore price forecast Barclays is optimistic about the iron ore price outlook given the supply disruptions from Australian miners as well as Vale’s
- Reuters•10 days ago
CRU-CESCO-Freeport plans no dividend hikes, M&A for 2 years to focus on Grasberg mine -CEO
Freeport-McMoRan Inc plans no dividend hikes, acquisitions or debt buybacks over the next two years as it focuses on expanding Indonesia's Grasberg copper and gold mine underground, its chief executive told Reuters on Tuesday. The strategy underscores Freeport's desire to keep Grasberg, one of the world's largest mines, the crown jewel of its operations even amid the complex task of excavating the largest underground mine ever developed at a cost of more than $15 billion. "For two years, we're going to be focused on this transition," CEO Richard Adkerson said on the sidelines of the World Copper Conference in Santiago.
- Zacks•10 days ago
The Zacks Analyst Blog Highlights: Berkshire Hathaway, AT&T, salesforce, Facebook and Freeport-McMoRan
The Zacks Analyst Blog Highlights: Berkshire Hathaway, AT&T, salesforce, Facebook and Freeport-McMoRan
- Zacks•11 days ago
Top Research Reports for Berkshire Hathaway, AT&T & salesforce
Top Research Reports for Berkshire Hathaway, AT&T; & salesforce
- Zacks•11 days ago
How Freeport-McMoRan (FCX) Stock Stands Out in a Strong Industry
Freeport-McMoRan (FCX) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- InvestorPlace•14 days ago
3 Big Stock Charts for Friday: Freeport-McMoRan, Morgan Stanley and Hartford Financial Services Group
It was another win for the market yesterday, but just barely. The S&P 500 edged 0.21% higher, still struggling with the weight of the impressive gains seen since late December.Dow (NYSE:DOW) led the way, gaining another 5% as investors continue to celebrate its split with DowDuPont (NYSE:DWDP). At the other end of the spectrum, Tesla (NASDAQ:TSLA) fell more than 8% following a first-quarter delivery report that was shockingly lower than its fourth quarter figures.Headed into the final trading day of the week, it's the stock charts of Hartford Financial Services Group (NYSE:HIG), Freeport-McMoRan (NYSE:FCX) and Morgan Stanley (NYSE:MS) that are of the most interest.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Morgan Stanley (MS)In mid-March, Morgan Stanley shares had proven they were range-bound. Although the bulls had proven they were willing to take their shot, they hadn't proven that could actually get MS stock over the proverbial hump. On the other hand, at least Morgan Stanley stock was finding support in all the right places, remaining in the hunt for yet another breakout effort. * 7 Biometric Stocks to Watch as AI Rises The effort the buyers made on Thursday has pushed MS shares just a hair above a nagging resistance line and is challenging another one. One more good day could do the trick, although realistically speaking, Morgan Stanley will still likely need to fall back again before putting in the breakout effort that takes hold once and for all. Click to Enlarge • The technical ceiling that has been cleared is the $45 area, where MS peaked in January and again in March. It's plotted in yellow on both stock charts.• Shares of Morgan Stanley are also testing the white 200-day moving average line, but clearly paused there when put to the test.• Although momentum has actually been building for weeks, between Wednesday's opening gap (highlighted on the daily chart) and waning volume on the way up, the bulls may need to slide back first and fill in that gap before punching through the big ceiling. Freeport-McMoRan (FCX)The last time we looked at Freeport-McMoRan back on March 21, it had just pushed off of support offered by its 50-day moving average as part of the bigger-picture rebound effort that began in January. At the time, however, it wasn't above the more pivotal line in the sand.That's happened in the meantime. While it took some time and work, Thursday's session cleared a huge technical hurdle. Click to Enlarge• That ceiling was the 200-day moving average line, plotted in white on both stock charts. It was resistance in February, but was unable to hold the buyers back this time around.• Bolstering the bullish case are not one but two instances of support at the purple 50-day moving average line. Each is highlighted on the daily chart.• Zooming out to the weekly chart, we can clearly see the downtrend that shaped most of 2018's selling, framed by blue lines, has been broken, yielding to a new, bullish trading range plotted by red lines on the same chart. Hartford Financial Services Group (HIG)Like most other names, Hartford Financial Services Group enjoyed a fantastic January and February, erasing a miserable October through December. But also like most stocks, HIG stock has been stagnant since March, mostly moving sideways.That has changed this week though, and decisively so on Thursday. Shares are up and over a pretty big technical hurdle, and they've cleared it with some compelling underpinnings. Click to Enlarge • The hurdle in question is $49.70, plotted in yellow on both stock charts. That level had been resistance a few times over the past few weeks, but yesterday's close of $50 puts in in the rearview mirror.• Zooming out to the weekly chart we can see the $49.70 area has been a ceiling before, as well as support.• The clincher is the "golden cross" plotted on the daily chart. That's where the purple 50-day moving average line has crossed back above the white 200-day moving average, hinting at a new bullish uptrend.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Low-Priced Tech Stocks With Great Potential * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * The Era of Car Ownership Is Over. And These 4 Charts Prove It Compare Brokers The post 3 Big Stock Charts for Friday: Freeport-McMoRan, Morgan Stanley and Hartford Financial Services Group appeared first on InvestorPlace.
- Reuters•14 days ago
Explainer: How countries are getting tougher with mining companies
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries. In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake in a copper mine. Some governments see the hardened stance of other countries as a chance to lure investment.
- Insider Monkey•15 days ago
Hedge Funds Are Bullish On Freeport-McMoRan Inc. (FCX)
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
- Reuters•15 days ago
EXPLAINER-How countries are getting tougher with mining companies
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries. In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake in a copper mine. Some governments see the hardened stance of other countries as a chance to lure investment.
- CNBC•17 days ago
Your first trade for Tuesday, April 2
The "Fast Money" traders share their first moves for the market open.
- MoneyShow•21 days ago
Like Electric Cars Buy Copper Chips
There has been a great increase in the news lately about electric cars. Nearly every major automaker is introducing new models or is about to do so, explains Jim Powell, international growth stock specialist and editor of Global Changes & Opportunities Report.
- Market Realist•22 days ago
Freeport-McMoRan’s Valuation: What’s Priced In?
Freeport-McMoRan: Bulls Short of Ideas amid Macro Uncertainty(Continued from Prior Part)Freeport-McMoRan’s valuation Freeport-McMoRan (FCX) is valued at 9.4 times its 2019 expected EBITDA and 7.0 times its 2020 expected EBITDA. This valuation looks
- Market Realist•22 days ago
Freeport-McMoRan: Bulls Short of Ideas amid Macro Uncertainty
Freeport-McMoRan: Bulls Short of Ideas amid Macro UncertaintyFreeport-McMoRan Leading US-based copper miner Freeport-McMoRan (FCX) has been trading largely sideways this month, which is not surprising, considering copper price trends. Although copper
- Business Wire•23 days ago
Freeport-McMoRan Declares Quarterly Cash Dividend on Common Stock
Freeport-McMoRan Inc. today declared a cash dividend of $0.05 per share payable on May 1, 2019 to holders of record as of April 15, 2019 for its common stock.
- Motley Fool•26 days ago
Better Copper Stock: Freeport McMoRan or Southern Copper
Freeport McMoRan makes more headlines, but don't look at the miner without also examining peer Southern Copper -- boring is sometimes better.
- InvestorPlace•29 days ago
3 Big Stock Charts for Thursday: Freeport-McMoRan, 3M and Marathon Oil
Although it spent most of the day in the black, when push came to shove at the end of the day, the S&P 500 ended Wednesday in the red. It was the second straight day of modest losses, but underscored by rising bearish volume.Bank of America (NYSE:BAC) set the tone, if not the pace, falling 3.4% largely thanks to news that the Federal Reserve was dialing back its plans to raise interest rates this year. Lower interest rates general translate into modest bank profits. Rivals Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) booked oversized losses too, however.At the other end of the spectrum, Netflix (NASDAQ:NFLX) jumped 4.6% on bullish comments from RBC analyst Mark Mahaney. Mahaney cites, among other things, continued positive perceptions from its customers and the fact that new competition underscores the further legitimization of the alternative to traditional cable television.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of those tickers make for particularly great trading today, however. Rather, it's the stock charts of Marathon Oil (NYSE:MRO), Freeport-McMoRan (NYSE:FCX) and 3M (NYSE:MMM) of the most interest. Here's why. 3M (NYSE:MMM)It's not over the final hump just yet, but 3M stock is knocking on that door. And, it's doing so with the most bullish of backdrops. * 5 Cloud Stocks to Help Your Portfolio Fly If MMM can muster one more big thrust, it could set off a chain reaction of buying that may well reclaim much of what was lost in 2018. Click to Enlarge • The "final hump" is $211.80, where 3M stock peaked in December and again in February. It peeled back from the February effort, but is moving back within striking distance.• As of today, the purple 50-day moving average line is above the white 200-day moving average line. This so-called "golden cross" generally portends more bullishness.• It was the February setback and rebound that got the breakout effort renewed in perfect form. The gray 100-day and the 50-day moving average lines both acted as the support they needed to be … something neither had done in some time. Freeport-McMoRan (FCX)Back on Feb. 20, Freeport-McMoRan was highlighted as a breakout candidate. Shares had then-recently pushed through a couple of technical resistance levels, and were acting as if they were ready and willing to keep trucking.They didn't. After hitting their 200-day line that very day, the profit-takers came out of the woodwork. The bigger-picture bullish effort has been renewed though, exactly where and how it needed to. The next dance with the 200-day moving average line, plotted in white on both stock charts, could prove a bullish catalyst. Click to Enlarge • The reversal back into a bullish trend took shape right at the purple 50-day moving average line. This is precisely where one would want to see the bulls take a stand.• Although the volume is still below average, notice that the selling volume was waning on the way down, while the bullish volume has been building on the way up this week.• The white 200-day moving average line near $13.40 is still likely to act as resistance, but if it yields to the uptrend, there's little left that stands in the way. The next line in the sand is around $14.50, which lines up with the major peaks hit in the first half of last year. Marathon Oil (MRO)Finally, Marathon Oil is at an inflection point. Most oil and energy names are, prodded by rising oil and gas prices in an environment that suggests the slow uptrend is built to last. More than most other tickers from the energy sector though, MRO is well-positioned for a sizeable move higher. Click to Enlarge • The inflection point is $17.90, plotted with a white line on the daily chart. That level was a floor in October, but became a ceiling in November.• Like many other stocks, MRO is pushing up and off of support offered by the purple 50-day moving average line early this month.• Zooming out to the weekly chart of Marathon, we find that the December low is also a push up and off the same support line that has guided shares higher since 2016's bottom. Assuming the upper boundary of the range remains in play, MRO could rally back to at least $24 before hitting its ultimate resistance.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post 3 Big Stock Charts for Thursday: Freeport-McMoRan, 3M and Marathon Oil appeared first on InvestorPlace.
- Market Realist•last month
Freeport-McMoRan Comes under Pressure amid China Concerns
Freeport-McMoRan Comes under Pressure amid China ConcernsFreeport-McMoRanFreeport-McMoRan (FCX), the leading US-based copper miner, fell 2.7% yesterday. This fall took its March losses to 4.5%. However, the stock is still up 20% year-to-date.
- CNBC Videos•15 hours ago
Final Trades: UNH, FCX & more
The Fast Money traders on the stocks they'll be watching next week.
