The People's Bank of China cut the reserve requirement ratio by 50 basis points and the seven-day reverse purchase rate to 1.5%, resulting in 4.2% and 4.1% gains for China's Shanghai Composite and Hong Kong's Hang Seng, respectively.
In the closing of the recent trading day, Freeport-McMoRan (FCX) stood at $44.53, denoting a -1.35% change from the preceding trading day.
Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to explain why he's buying more of the heavy metals miner.
In the most recent trading session, Freeport-McMoRan (FCX) closed at $43.92, indicating a +1.83% shift from the previous trading day.
Investors have flocked to safe haven precious metals including gold and silver in recent months, helping to drive the price of each of these metals up by about a third in the last year. Gold in particular continues to hit new all-time highs and trades close to $2,600 per ounce as of mid-September.
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.
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In the most recent trading session, Freeport-McMoRan (FCX) closed at $41.40, indicating a -0.5% shift from the previous trading day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Freeport-McMoRan (FCX) closed at $41.61 in the latest trading session, marking a +0.6% move from the prior day.
Shares of copper miner Freeport-McMoRan Inc (NYSE:FCX) are 0.3% lower at $45.04 at last look, starting what could be a month-long trend as FCX trades near a historically bearish moving average According to data from Schaeffer's Senior Quantitative Analyst Rocky White, FreePort-McMoRan stock just came within one standard deviation of its 50-day trendline.
In the closing of the recent trading day, Freeport-McMoRan (FCX) stood at $45.19, denoting a +1.19% change from the preceding trading day.