China is injecting liquidity into its banking system to encourage economic growth, particularly in its real estate and construction sectors. Copper is a critical metal in the clean energy transition.
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 (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.
Major U.S. equities indexes ticked higher on Tuesday, shaking off a report that revealed a steeper-than-expected drop in consumer confidence this month.
Freeport-McMoRan (FCX) shares surged on Tuesday amid an increase in the prices of copper and gold, two of the main commodities produced by the mining giant.
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.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.