Copper and gold producer Freeport-McMoRan serves an example of a dull but cheap stock that is finding investor favor again.
When a speculative frenzy involving one set of companies ends, cheaper peers usually aren't unscathed in the ensuing selloff.
There are huge problems now plaguing the industry, which was just beginning to recover from last year's oversupply issues.
The week saw some of the best rotational action out of leadership names that I can ever recall seeing.
What happens after this is likely a flurry of deals that will require more selling and that begins to cut into the tech stocks with much lower valuations like Facebook, Apple and Alphabet.
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