|Bid||12.30 x 1000|
|Ask||12.35 x 800|
|Day's Range||12.23 - 12.62|
|52 Week Range||9.60 - 19.74|
|Beta (3Y Monthly)||1.58|
|PE Ratio (TTM)||6.90|
|Earnings Date||Apr 22, 2019 - Apr 26, 2019|
|Forward Dividend & Yield||0.20 (1.63%)|
|1y Target Est||14.19|
Indonesia's two presidential candidates pledged on Sunday to achieve energy self-sufficiency by boosting the use of bioenergy, particularly fuelled by palm oil, to cut costly oil imports by Southeast Asia's biggest economy. Indonesia, the world's biggest palm oil producer, has been pushing for all diesel fuel used in the country to contain biodiesel to boost palm consumption, slash fuel imports, and narrow a yawning current account gap. In a televised election debate, President Joko Widodo said if he won a second term the government planned to implement a B100 programme, referring to fuel made entirely from palm oil, after last year making it mandatory to use biodiesel containing 20 percent bio-content (B20).
* PT Freeport Indonesia's copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message. * The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East Java, Pratama said. * He declined to disclose the new export quota it proposed to the government.
Freeport-McMoRan Inc (NYSE:FCX) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.
While chief financial officers of Arizona public companies certainly do well for themselves, most still pale in comparison with their company C-suite leaders, the CEOs.
A combination of factors is helping push U.S. equities to fresh highs, with the Dow Jones Industrial Average rising to levels not seen since early December on Wednesday.These include hopes of a U.S.-China trade deal (with President Trump reportedly pushing back a tariff deadline), optimism over a budget deal in Congress (hopefully avoiding another government shutdown) and ongoing ease with the Federal Reserve's newly dovish stance.The bulls are going from strength to strength, shifting the focus of their buying as the post-December uptrend matures and changes its nature. From a focus on beaten-down big-cap technology stocks, new areas are piquing the interest of value hunters in areas like energy, industrials and healthcare.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best ETFs You Can Buy With that in mind, here are 10 hot stocks to watch as they lead the market higher: Philips 66 (PSX)Energy stocks like Philips 66 (NYSE:PSX) are coming back to life as crude oil starts to stir, with shares breaking out of a two-month resistance range as the 20-day moving average extends a rise above the 50-day average. Shares were recently upgraded by analysts at Tudor Pickering.The company will next report results on May 10 before the bell. Analysts are looking for earnings of $1.1 per share on revenues of $24.7 billion. When the company last reported on Feb. 8, earnings of $4.87 beat estimates by $1.98 per share on revenues of nearly $29 billion. Hess (HES)Hess (NYSE:HES) is another energy stock to watch, with shares moving to challenge the 200-day moving average to cap what looks like an inverse head-and-shoulders reversal pattern that traces a move to back to the early October high near $75. The company, along with ExxonMobil (NYSE:XOM) recently announced positive results from two offshore wells in Guyana. * 10 'Buy-and-Hold' Stocks to Own Forever The company will next report results on May 1 before the bell. Analysts are looking for a loss of 21 cents per share on revenues of $1.59 billion. When the company last reported on Jan. 30, a loss of 31 cents per share beat estimates by 7 cents on a 30.3% rise in revenues. AMD (AMD)AMD (NASDAQ:AMD) shares are consolidating a recent breakout, with the 20-day moving average extending away from its 50-day and 200-day moving averages presaging a break of prior highs and a challenge of the September levels. This would be worth a gain of more than 50% from here. In its most recent quarter, despite weak guidance from management, investors focused on a 9% increase in revenues for its computing and graphics segment thanks to a ramp in its Ryzen processors.The company will next report results on April 30 after the close. Analysts are looking for earnings of 2 cents per share on revenues of $1.25 billion. When the company last reported on Jan. 29, earnings of 8 cents per share matched estimates on a 5.9% rise in revenues. Microsoft (MSFT)Microsoft (NASDAQ:MSFT) shares look ready to emerge from a sloppy looking downward channel that started back in October with a break above a resistance line near $108. Such a break would set up a challenge of the early December high near $112, which would be worth a gain of 5% from here. * 10 Stocks That Every 20-Year-Old Should Buy The company will next report results on April 25 after the close. Analysts are looking for earnings of $1 per share on revenues of $29.9 billion. When the company last reported on Jan. 30, earnings of $1.10 beat estimates by a penny on a 12.3% rise in revenues. General Dynamics (GD)General Dynamics (NYSE:GD) shares are holding steady above their 20-day and 50-day moving averages, setting up a run at the prior highs near $185, which coincides with the 200-day moving average. Defense stocks have constantly been listed as hot stocks amid fresh tensions with Iran and steady budgetary support from the Trump White House and Congress.The company will next report results on May 1 before the bell. Analysts are looking for earnings of $2.45 per share on revenues of $9.3 billion. When the company last reported on Jan. 30, earnings of $3.07 per share beat estimates by 8 cents on a 25.4% rise in revenues. Deere (DE)Deere (NYSE:DE) is strongly tied to the fate of U.S.-China trade negotiations, given its focus on heavy machinery as well as agriculture equipment used for U.S. food exports. As such, shares are consolidating near prior highs set in early 2018. Watch for an upside breakout following the release of confidence guidance from management. * 7 Reasons to Own Coca-Cola Stock The company will next report results on Feb. 15 before the bell. Analysts are looking for earnings of $1.8 per share on revenues of $6.9 billion. When the company last reported on Nov. 21, earnings of $2.30 per share missed estimates by 15 cents on a 17.6% rise in revenues. DR Horton (DHI)DR Horton (NYSE:DHI) shares have climbed back up and over their 200-day moving average, setting the stage for a sustained move to test the prior high set in August. In its most recent post-earnings call, management noted that buyer traffic remained strong -- raising hopes for a strong spring selling season.The company will next report results on April 26 before the bell. Analysts are looking for earnings of 86 cents per share on revenues of $4 billion. When the company last reported on Jan. 25, earnings of 76 cents per share missed estimates by a penny on a 5.6% rise in revenues. Johnson & Johnson (JNJ)Johnson & Johnson (NYSE:JNJ) shares are extending above their 50-day and 200-day moving averages, looking ready for a run at the prior highs as worries about a baby powder lawsuit fade. The company recently unveiled a plan to buy robotics company Auris Health for roughly $3.4 billion. * 7 Reasons Stock Buybacks Should Be Illegal The company will next report results on April 23 before the bell. Analysts are looking for earnings of $2.1 per share on revenues of $19.7 billion. When the company last reported on Jan. 22, earnings of $1.97 per share beat estimates by 2 cents on a 1% rise in revenues. Under Armour (UAA)Under Armour (NYSE:UAA) shares have bounded above their 200-day moving average to close in on levels not seen since early December, capping a rise of 33% from its recent lows. While shares remain mired in a three-year-old sideways range, watch at the very least for a retest of prior channel highs near $24, which would be worth around a 10% gain from here.The company will next report results on May 14 before the bell. The company last reported results on Feb. 12, with earnings of 9 cents per share beating estimates by 5 cents on a 1.5% rise in revenues. The company remains in turnaround mode here at home, with revenues falling 6% in North America in the most recent quarter. But international growth remains a bright spot, up 24%. Freeport-McMoRan (FCX)Shares of Freeport-McMoRan (NYSE:FCX) are looking ready to emerge from a multi-month basing pattern going back to October, with the 20-day moving average extending a move above its 50-day moving average as the new uptrend gains momentum. The company was recently upgraded by Morgan Stanley analysts citing expectations that the company is likely to see an earnings boost from higher copper prices. * 7 Athletic Stocks That Could Run Higher The company will next report results on April 23 before the bell. Analysts are looking for earnings of 10 cents per share on revenues of $3.8 billion. When the company last reported on Jan. 24, earnings of 11 cents per share missed estimates by 8 cents on nearly a 27% drop in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 10 Hot Stocks Leading the Market's Blitz Higher appeared first on InvestorPlace.
Freeport-McMoRan: Party Continues as Chinese Copper Imports SurgeChinese copper imports Freeport-McMoRan (FCX) surged 6.9% yesterday, boosted by an upgrade from Morgan Stanley to “overweight.” The financial services company lowered its price
U.S. stock futures are trading higher again this morning, continuing this relief rally. In premarket action, the futures on the Dow Jones Industrial Average are up 0.46% and S&P 500 are higher by 0.39%. Nasdaq-100 have added 0.52% to yesterday's gains.In the options pits, call buyers were busier than bears yesterday. Markets meandered higher while waiting for some geo-economic news. We still need President Donald Trump to actually sign the agreement to avert a U.S. government shutdown. This rally could disappear quickly if news on that front disappoints. Meanwhile, Wall Street still has one foot out the door. Investors will sell first and ask questions later. Regardless, the action was bullish since we had 18.9 million calls and 15.2 million puts during the session.Markets seem on edge, even when in the green. This is the byproduct of being in headline trading mode while we await news from the tariff talks between the U.S. and China. Nevertheless, the CBOE single-session equity put/call volume ratio remain stable 0.57 versus the the 10-day moving average of 0.62. Sentiment remains positive in spite of the caution.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOptions activity was bullish on Wednesday. This is normal as fear levels abate. Twitter (NYSE:TWTR) was in the news and spiked 4% and the action was also bullish in the options. Freeport-McMoRan (NYSE:FCX) had an even bigger rally, up almost 7% yesterday. The appetite for options was voracious, suggesting more potential to come. Finally, Eli Lilly (NYSE:LLY) wasn't as exciting on the Wednesday scoreboard, but its options action made up for it.Let's take a closer look: Eli Lilly (LLY)Eli Lilly stock might be ready to make a big move. This week the options have been active and the calls have overwhelmed the puts. Yesterday LLY options traded 727 times its daily average volume. While the split favors the bears slightly, it's even enough to leave the bias neutral. * 9 U.S. Stocks That Are Coming to Life Again Usually when options get to be this active, it means that there is an imminent move in the stock. This much action in it above the normal levels is unusual. Such a tense situation will resolve itself soon, but unfortunately we don't know the direction of the breakout.So we rely on the charts and the levels to tell us when to go long or short. Eli Lilly stock is at all time highs so clearly it's having a great year. Shorter term, it is stuck between $120.30 and $118.10 per share. A breach of either side of this range will carry momentum in that direction. The secondary targets from those edges are $121.40 versus $117.05. Those, too, are potential catalyst levels. It is best to trade the triggers rather than anticipate the moves. Twitter (TWTR)Twitter reported earnings recently, and the stock collapsed more than 10% on the headline. This was a shame, since TWTR stock was in the middle of a breakout from $34 per share. Luckily for bulls, on Wednesday it spiked sharply on the 13-F news that Morgan Stanley (NYSE:MS) has a new 5.6% stake in the stock. Investors chased the stock up but closed off the highs.So it is no surprise to see Twitter stock options trade 138 times their daily average. Moreover, 70% of the Wednesday options were calls to only 30% puts. It is clear that traders now expect a rebound from the earnings rout.Before chasing, it is important that it maintains the short-term higher-lows trend. So losing $30.30 would cause a deflation in the immediate rally. Conversely, a breach above $31.82 would trigger a buy signal to fill the earnings gap and target $34 per share. It would be a tall order to expect much more of it here. Freeport McMoRan (FCX)FCX reported earnings in January and the stock fell more than 15% on its heels. Since then, it completely recovered from it. But there might be even more good news and the options markets know it.On Wednesday, FCX options traded 204 times their daily average. More to the point, the mix was 76% calls to only 24% puts and this suggests a very bullish bias. The technicals point to much more upside off the breach of $12.10 per share.If the bulls can continue past $12.30 it could continue on its way to $13 or higher. There are resistance areas in between but this breakout has momentum. The concern from here that this stock moves fast but in both directions. And this fast recovery from earnings left a big gap below that beacons.Tight stops are a must when trading FCX stock. Those who are in it for an investment should trade it according to their fundamental opinions of it. I recently wrote a bullish article about the upside potential in FCX.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post Thursdayas Vital Data: Eli Lilly, Twitter and Freeport-McMoRan appeared first on InvestorPlace.
Cobre Panama, a vast mining and processing complex near Panama’s Atlantic coast, processed its first ore on Monday, a half century after the deposit was discovered. At full production in 2021, it will turn Vancouver-based First Quantum into a top copper producer alongside giants like Freeport-McMoRan Inc. and BHP Group. For Panama, it’s the biggest investment ever outside the canal and makes the Central American country a key supplier to a copper market facing labor unrest and governments grasping for greater takes.
Shares of mining company Freeport-McMoRan Inc. (NYSE: FCX ) rose after Morgan Stanley upgraded its rating on the company. The Analyst Morgan Stanley analyst Piyush Sood upgraded the stock to Overweight ...
Copper-related exchange traded funds could strengthen this year as big banks turn bullish on the base metal in anticipation of tightening supply ahead. Year-to-date, the United States Copper Index Fund ...
Why Freeport-McMoRan Is Surging TodayFreeport-McMoRan Freeport-McMoRan (FCX), the leading US-based copper miner (XME), is trading with gains of 5.5% as of 11:55 AM EST. Southern Copper (SCCO) and First Quantum Minerals (FM) have gained 1.6% and 1.4%,
Shares of the ATM maker surged 39 percent after reporting a better-than-expected quarterly revenue and upbeat guidance for 2019. Diebold expects adjusted earnings before interest, taxes, appreciation and amortization to range between $380 million and $420 million, well above a FactSet estimate of $339.8 million. Freeport-McMoRan FCX — Freeport-McMoRan's stock jumped 6.96 percent after an analyst at Morgan Stanley upgraded it, noting the company will get a boost from higher copper prices.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Richard Adkerson became the CEO of Freeport-McMoRanRead More...
Trading Freeport McMoRan (NYSE:FCX) stock is difficult. It being a mining company makes it heavily influenced by the price of commodities. Chief of those is oil and it is heavily manipulated. OPEC can move prices with mere words. Add to it that non-OPEC members, including the U.S. production capacity, is now also a big factor. Gold is also finally making a recovery this year.But these are mere symptoms. The real problem for commodities and FCX stock is the U.S. dollar. The greenback has been on a tear for months. This is the byproduct of the Federal Reserve policies. What the Federal Reserve decides to do with rates moves the USD. While the U.S. is raising rates, most of the rest of the world is still in QE mode. So that keeps the U.S. dollar bid strong, and therein lies the problem for FCX.Finally, recently we saw the Fed capitulate and now they are in line with investors' hopes. After months of pressure from President Trump and Wall Street, Federal Reserve Chairman finally admitted that he is data-dependent. This is code that he now has the same stance as his predecessor Yellen had which is a dovish stance. This weakens the Dollar a bit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFundamentally, FCX is cheap from a price-to-earnings perspective but since this is a stock that has a lot of outside influencers, it is best traded with more technical analysis than fundamentals. Often enough, the price of the stock has little to do with its short-term price action. Just consider what happened to Apple (NASDAQ:AAPL) when it fell from grace last year.While Freeport-McMoRan stock is far from its 2010 highs, it's starting 2019 strong. Year-to-date, it's up 13%, which is better than the S&P 500 so the move is legitimate. These are momentum stocks, so when they move, they tend to do it fast and overshoot. Just since last October, FCX stock has had half a dozen moves larger than 15%. * 10 Best Dividend Stocks to Buy for the Next 10 Months Trading such momentum stocks poses a problem for fundamental investors, so I rely on levels. How to Trade FCX StockMid-January, FCX rallied into $12.70 and failed in a big way. But this was almost destined to be the outcome since this is a major pivot. In the middle of October, the stock fell apart from exactly that level. Then it failed twice and ruined two massive rallies.So is it doomed to always fail there? No. This is how breakouts happen. The bulls usually need more than one try to break through resistance. Once a stock loses a ledge, that level becomes forward resistance until the bulls muster up enough energy to retake it. Needing several attempts is normal.The good news is that once they do, they overshoot higher. In this case, if FCX bulls can push the stock past it, they can target $13.30 or higher. The pattern would then resemble a bullish inverse head-and-shoulders.There are several lower time-frame levels to consider between the current price and the breakout line; $12.14 is a mini-breakout level to watch. It could bring in a measured move to the $12.60 battle zone. * 7 Breakout Stocks In Early 2019 Conversely, losing $11.42 could cause another 40 cent dip. There, the bears will have the opportunity to push it even further to $10.50. Although this is not a forecast, it is a scenario that is in play just like the upside breakout. That is why I don't want to anticipate the moves so I wait for the price to cross my lines before chasing it.Rallies in FCX stock will probably need the general market's help. So anyone trading the breakout potential must do so diligently with tight stops. I don't want to turn a trade into an investment. This stock moves fast and I could find myself buried in red for a while.Click here for a bonus video that I recently shared discussing FireEye (NASDAQ:FEYE) that could help with the concepts discussed here.. Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Fundamentally Sound Dividend Stocks to Buy * 5 Reasons Reeling FAANG Stocks Won't Deliver Big Returns * 3 Reasons Canopy Growth Could Burn You Compare Brokers The post Freeport McMoRan Stock Is Loaded With Untapped Upside Potential appeared first on InvestorPlace.
# Freeport-McMoRan Inc ### NYSE:FCX View full report here! ## Summary * Perception of the company's creditworthiness is neutral but improving * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is low for FCX with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FCX totaled $18.72 billion. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator with a strengthening bias over the past 1-month. Although FCX credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Does Freeport-McMoRan Stock Look Attractive after the Sell-Off?(Continued from Prior Part)Freeport-McMoRan Freeport-McMoRan (FCX) is valued at an EV-to-EBITDA (enterprise value-to-EBITDA) of 6.6x its 2019 expected EBITDA. Among other mining
Does Freeport-McMoRan Stock Look Attractive after the Sell-Off?(Continued from Prior Part)Freeport’s sale Last year, rumors cropped up that Freeport-McMoRan (FCX) was up for sale. In an interview with Bloomberg, Freeport’s CEO, Richard Adkerson,
Does Freeport-McMoRan Stock Look Attractive after the Sell-Off?(Continued from Prior Part)What to expect this yearAs we noted in the previous article, Freeport-McMoRan (FCX) witnessed a selling spree after its fourth-quarter earnings release. Its
Does Freeport-McMoRan Stock Look Attractive after the Sell-Off?Freeport-McMoRanFreeport-McMoRan (FCX), the leading US-based copper miner (DIA), fell 13.1% yesterday after its fourth-quarter earnings release. The stock has fallen 14.8% this week, but