While the equity markets are in correction mode, it's easy to lose sight of the fact that the price of copper is almost touching an all-time high at around $5.10 per pound. One of the best ways to make money from it is by investing in copper and gold miner Freeport-McMoRan (FCX 4.76%).
With a long call butterfly spread play in Freeport-McMoRan stock, if the stock moves up dramatically, we capture a very tidy profit. The post Freeport-McMoRan Stock Today: This Long-Term Butterfly Spread Trade Could Net $1,253 appeared first on Investor's Business Daily.
On Thursday, J.P. Morgan analyst Bill Peterson upgraded Freeport-McMoRan, Inc. FCX to an Overweight rating from Neutral and raised the price forecast to $52 from $48.
Jim Cramer breaks down why he's keeping an eye on shares of Freeport-McMoran.
Freeport-McMoRan (FCX) closed the most recent trading day at $40.42, moving +1.46% from the previous trading session.
The latest trading day saw Freeport-McMoRan (FCX) settling at $39.51, representing a +1.7% change from its previous close.
Editor's Note: The headline has been updated for clarity.
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Freeport-McMoRan's stock is being hurt by investor rotation out of the U.S. market but should rally as copper prices surge.
Freeport-McMoRan (FCX) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Trump tariffs are expanding rapidly, with copper now on the list, but some relief may come for automakers. The post Trump Tariffs Update: Deal Hopes, Copper Tariffs Boost GM, FCX; S&P 500 Sell-Off Pauses appeared first on Investor's Business Daily.
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.