nysefcx
Key Points Analysts are optimistic about Freeport-McMoRan, the largest publicly traded copper miner. Morgan Stanley raised its price target to $38.50.Copper plays a crucial role in decarbonization, but it’s often overshadowed by attention to lithium.Mining investor Robert Friedland expects copper prices to rise due to growing demand and lower-than-needed investments in copper mining projects.Short-term expectations for Freeport-McMoRan’s earnings indicate a decline, but a rebound is projected in 2024.5 stocks we like better than Freeport-McMoRanWhen you think of the metal most crucial to the r...
ValueWalk
Freeport McMoran rallied despite weaker results.Net income fell to $404 million, down by 50% over the same quarter last year.The average realized price per pound o copper came in at $3.50 per pound, compared to $4.20 last year.Freeport McMoran (NYSE:FCX) third-quarter results came in weaker on the back of copper prices retreating. Copper prices had run up significantly in the previous year, and since then have declined by almost 30%. Copper is usually seen as a leading indicator, due to its inherent involvement with the global economy, and while recessionary sentiment has been largely confined...
ValueWalk
Global demand for copper is soaring, but does that put suppliers like Freeport-McMoRan (NYSE:FCX), Teck Resources (NYSE:TECK) and Southern Copper (NYSE:SCCO) in a position to rally? Copper is a crucial component in several areas poised for growth: Electric vehicles, wind and solar power, and the infrastructure to store and transport renewable energy. But according to a July report by S&P Global, there’s a chronic gap between worldwide copper supply and demand. S&P’s report says this “will have serious consequences across the global economy and will affect the timing of Net-Zero Emissions by 20...
ValueWalk
As more data releases point to a slowdown in consumer and business spending activity, the road ahead for the U.S. economy could be rocky. So what are the implications for U.S. stock investors? When economic uncertainty rises, it can be a good idea to seek out businesses that have demonstrated the ability to generate relatively stable growth regardless of the environment. Granted, virtually every company is impacted by a broad slowdown, but some are better equipped to handle it than others on account of their strong fundamentals and leadership. Q2 2022 hedge fund letters, conferences and more F...
ValueWalk
These Commodity Stocks Are Ideal Buy-the-Dip CandidatesIf you’re thinking that it might be too late to add commodity stocks to your investment plans, think again. With prices for potash, metals, wheat, and oil hitting multi-year highs and expected to remain elevated for the near term thanks to strong demand, many of the companies that produce these valuable resources are set to generate record profits. There’s also plenty to like about how commodity stocks can potentially help you safeguard your portfolio against inflation, as several of these companies pay dividends and will continue to benef...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Recession To Break InflationRussia and stagflation concerns roil the markets. Stocks pulled back hard yesterday afternoon on fears of global slowdown, on fears that hawkish efforts by central banks to rein in inflation may overshoot and risk pushing economies into a recession. It’s a rational fear with a yield curve that is dancing with becoming inverted, historically a precursor of past recessions. Q4 2021 hedge fund letters, conferences and more History also says that a recession is the only effective way to break strong in...
ValueWalk
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら