Group 1 - Stock Waves is a team that provides real-time Elliott Wave technical analysis on selected stocks, led by Zac Mannes and Garrett Patten, with contributions from Lyn Alden Schwartzer [1] - The service has reportedly enabled users to achieve significant returns, with some trades yielding 7-10x returns and others providing 3-5x returns [1] Group 2 - The analyst has a beneficial long position in Freeport-McMoran (FCX) through stock ownership, options, or other derivatives [2] - The analyst may adjust their position in FCX based on support and invalidation levels provided to members [3]

Group 1: Stock Performance - Freeport-McMoRan (FCX) closed at $40.22, reflecting a +0.47% change from the previous session, which is less than the S&P 500's daily gain of 1% [1] - Over the last month, FCX shares increased by 4.68%, outperforming the Basic Materials sector's loss of 3.81% and the S&P 500's loss of 2.14% [1] Group 2: Upcoming Earnings - Freeport-McMoRan is set to announce its earnings on January 23, 2025, with an expected EPS of $0.29, indicating a 7.41% growth compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $6.08 billion, which is a 3% increase from the year-ago period [2] Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for Freeport-McMoRan indicate the dynamic nature of near-term business trends, with positive revisions suggesting analyst optimism regarding the company's profitability [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Freeport-McMoRan at 3 (Hold) [5] - Over the past month, there has been a 7.6% decline in the Zacks Consensus EPS estimate [5] Group 4: Valuation Metrics - Freeport-McMoRan is trading at a Forward P/E ratio of 21.11, which aligns with the industry's average Forward P/E of 21.11 [6] - The company has a PEG ratio of 2.2, compared to the Mining - Non Ferrous industry's average PEG ratio of 1.94 [7] Group 5: Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 168, placing it within the bottom 34% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

In its upcoming report, Freeport-McMoRan (FCX) is predicted by Wall Street analysts to post quarterly earnings of $0.29 per share, reflecting an increase of 7.4% compared to the same period last year. Revenues are forecasted to be $6.08 billion, representing a year-over-year increase of 3%.The consensus EPS estimate for the quarter has undergone a downward revision of 19.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ini ...

In the latest trading session, Freeport-McMoRan (FCX) closed at $40.03, marking no change from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.21% for the day. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq decreased by 0.89%.Coming into today, shares of the mining company had gained 3.41% in the past month. In that same time, the Basic Materials sector lost 5.13%, while the S&P 500 lost 1.56%.Analysts and investors alike will be keepi ...

The most recent trading session ended with Freeport-McMoRan (FCX) standing at $38.88, reflecting a +1.66% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 1.03%.Shares of the mining company have depreciated by 12.61% over the course of the past month, underperforming the Basic Materials sector's loss of 8.81% and the S&P 500's loss of 0.71%.The investment community will be closely ...

With 2024 nearing a close, now is a great time to reflect on your financial journey and look for stocks than can help you achieve your goals in 2025 and beyond. If your objectives include generating passive income, then you've come to the right place.Freeport-McMoRan (FCX -1.29%), York Water (YORW 0.49%), and PepsiCo (PEP 1.18%) have all tumbled this year while the broader indexes are hovering around all-time highs. Here's what makes all three dividend stocks compelling buys before the new year. Freeport-Mc ...

There's no way to avoid the elephant in the room. If the price of copper doesn't rise or stays within the current range, it won't make sense to buy copper miner Freeport-McMoRan (FCX -0.80%). That said, the investment case for the stock rests on the case for copper and some stock-specific reasons.Why copper is heading higherThe demand case for copper is robust and comes from the metal's importance to the clean energy transition and the electrification of everything megatrend. Electric cars, solar power, and ...

Investing in basic materials stocks often requires looking around corners into an opaque future. That’s been the case for shareholders of Freeport-McMoRan Inc. NYSE: FCX. For the last four years, the stock has been a better trade than it has been an investment. You can blame much of the volatility in FCX stock on the demand for copper.   Copper is a critical metal that is needed for many renewable energy applications such as electric vehicles (EVs), solar panels, and wind turbines. But it’s also a key metal ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.10 per share FCX The New York Stock Exchange FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ...

Richard Adkerson, CEO of Freeport McMoRan, looks on during Summit Address and Invitation to APEC ... [+] Peru 2024 at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023. The APEC Summit takes place through November 17. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)AFP via Getty ImagesFreeport-McMoRan (NYSE: FCX), one of the largest producers of copper, has seen its stock underperform over the las ...