|Day Low/High||30.07 / 31.43|
|52 Wk Low/High||4.82 / 32.49|
If you want some exposure to copper prices without the futures market volatility, here's where you could go long FCX.
Ending the pandemic swiftly appears unlikely, so here's how to look at key stocks and sectors right now -- especially as concerns of new lockdowns grow.
Copper has had a nice run, and the likelihood the worst of the pandemic soon could be behind us could mean increased consumption ahead.
The fact is that business in whole areas of the economy remain very strong despite what you heard about ZM this morning.
Copper and gold producer Freeport-McMoRan serves an example of a dull but cheap stock that is finding investor favor again.
The stock market is out of sync with the current economy, but it can be a forecasting machine. Let's see what it says.
I don't sell these shares anywhere if the commodity stays hot in dollar terms.
Earnings reports continue to outperform, but can this support equity markets at these levels now?
This is how you can tell which camp is winning and which is losing in this time of Covid-contradiction.
Let's look at the chart and see how I'd trade AA.
There are stocks for people who believe we're roaring back, those who are hiding out from the virus, and those fearing gloom and doom. But here are the ones I'd give a workout.
These names are showing both technical and quantitative deterioration.
Watching first-time jobless claims and trading volume, plus some thoughts on defense names like Raytheon and Lockheed Martin, and tech names like Lam Research.
That's the question my wife asked me recently -- here's my answer.
The market impact of the virus for U.S. investors has been seen in more pronounced fashion in Treasury markets.
Copper equities will keep reaping the benefits, until central banks close the taps.
With Trump touting a trade deal and more liquidity being pumped in by global central banks, this is a good time for equities, commodities and risk assets.
Inflation will be a big theme for 2020 and commodities will benefit the most -- especially copper and iron-ore.
The big gains in commodities stocks come to those who jump in when commodity prices are down and forming a bottom, or in the early stages of an uptrend.
Freeport-McMoRan is always going to be my first call on the health of copper.
Apple is on the verge of offering new products that could diversify its revenue stream even further.
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
As we have seen so far, in terms of market reaction, there is great reward at the point of sale in beating expectations.
After languishing for months, share of Freeport-McMoRan are on a tear.