Freeport-McMoRan has a bright future.Freeport-McMoRan's (FCX 0.99%) stock price has risen about 35% over the past year. That's a meaningful move for a large mining company. The top publicly traded copper producer has benefited from improved pricing and strong demand, especially in the U.S.With shares already up a lot in the past year, many investors might be wondering whether it's too late to buy the copper stock. Here's a look at whether it's still worth buying.The outlook for copperLike any other commodit ...

Freeport-McMoRan (FCX) closed the latest trading day at $50.03, indicating a +0.99% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%.Coming into today, shares of the mining company had gained 18.49% in the past month. In that same time, the Basic Materials sector gained 6.17%, while the S&P 500 gained 5.36%.The upcoming earnings release of Freeport-McMoRan will ...

Key TakeawaysMining company stocks sank Tuesday after China's latest moves to boost its economy fell short of a hoped-for major stimulus package.The country's economic planning agency maintained that China still expects to meet its annual economic goals.The news sent prices for gold, silver, copper, and other metals lower Tuesday. Shares of Freeport-McMoRan (FCX) and other miners tumbled Tuesday, along with the prices of key metals, after China announced economic measures that fell short of a much-anticipat ...

In the latest market close, Freeport-McMoRan (FCX) reached $50.55, with a +1.57% movement compared to the previous day. This change outpaced the S&P 500's 0.9% gain on the day. Meanwhile, the Dow gained 0.81%, and the Nasdaq, a tech-heavy index, added 1.22%. Shares of the mining company witnessed a gain of 20.22% over the previous month, beating the performance of the Basic Materials sector with its gain of 7.23% and the S&P 500's gain of 3.15%. Investors will be eagerly watching for the performance of Free ...

The copper miner's stock is rising due to a favorable end-market environment. Shares in copper miner Freeport-McMoRan (FCX 0.87%) rose by 12.7% in September, according to data provided by S&P Global Market Intelligence. The rise came after China announced a series of measures to stimulate its economy in the face of a weakening housing market and pressure on its economic growth target of about 5%. China adds liquidity China's appetite for copper is the swing factor in determining global demand, and the annou ...

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...

Since China launched a series of stimulus measures, US-listed casino and copper stocks have performed exceptionally well. A research company is suggesting investors consider buying these stocks.Adam Parker, CEO of Trivariate Research, indicated that traders should focus on US-listed stocks that have seen significant gains recently and are typically correlated with Chinese-listed stocks. He noted that casino or copper mining stocks might be the most meaningful choices.In a recent client report, Trivariate hi ...

The copper sector involves companies engaged in the exploration, mining, refining, and distribution of copper. This versatile metal is crucial for construction, electronics, and renewable energy technologies. Copper stocks represent ownership in these companies traded on public exchanges. The sector’s performance often reflects global economic health and infrastructure development trends.Investing in copper stocks can offer several potential benefits. Copper demand tends to increase during periods of econom ...

As of Sept. 27, 2024, four stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to B ...

China's move to stimulate its economy pleased copper bulls and Freeport McMoRan shareholders alike.Shares in copper miner Freeport McMoRan (FCX 7.45%) rose by 16.6% in the week to Friday morning. The move comes after China's central bank took some widely anticipated measures to stimulate growth in the Chinese economy. In turn, that encouraged investors to buy copper -- China is seen as the swing factor in demand for copper -- and the price of copper rallied from around $4.27 per pound at the start of the we ...