Amidst intermediate corrections or rallies, asset classes tend to have an extended period of bull or bear market. A secular bull market for an asset class is a perfect time to remain invested. On the other hand, price and time correction can extend beyond a decade in bear markets. This column discusses stocks for exposure to an undervalued asset class likely to witness a comeback rally.Without extending the suspense, industrial commodities are the most undervalued asset class. To put things into perspective ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Freeport-McMoRan (FCX) , which belongs to the Zacks Mining - Non Ferrous industry.This mining company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 25.22%.For the last reported quarter, Freeport-McMoRan came out with earnings of $0.27 per share vers ...

Elena Bionysheva-Abramova/iStock via Getty ImagesWe previously compared Freeport-McMoRan (NYSE:FCX) in December 2023, discussing why we finally rerated the stock as a Buy, attributed to the higher copper spot prices, expanded production volumes, and lower operating costs by 2024, likely to boost the miner's near-term top and bottom lines. Most importantly, we believed that its dividend payouts might be raised in 2024, thanks to the healthier balance sheet and richer free cash flow generation, offering o ...

Freeport-McMoRan (FCX) closed the most recent trading day at $44.48, moving -0.29% from the previous trading session. This move lagged the S&P 500's daily gain of 0.63%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.82%.The mining company's shares have seen an increase of 14.89% over the last month, surpassing the Basic Materials sector's gain of 5.32% and the S&P 500's gain of 1.76%.Analysts and investors alike will be keeping a close eye on the performance of Freeport-McMoRan in ...

Freeport-McMoRan (FCX) shares ended the last trading session 7.6% higher at $43.41. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.1% gain over the past four weeks.FCX’s rally appears to be driven by a surge in copper prices as China’s biggest copper smelters agreed to reduce production. Copper prices surged to their highest level in seven months in London yesterday after Chinese smelters agreed on a joint prod ...

The latest trading session saw Freeport-McMoRan (FCX) ending at $40.42, denoting a +1.43% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.11%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq decreased by 0.41%.Prior to today's trading, shares of the mining company had gained 6.66% over the past month. This has outpaced the Basic Materials sector's gain of 4.98% and the S&P 500's gain of 2.7% in that time.The investment community ...

The latest trading session saw Freeport-McMoRan (FCX) ending at $38.32, denoting a +1.03% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.12% for the day. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 0.41%.Heading into today, shares of the mining company had lost 5.41% over the past month, lagging the Basic Materials sector's gain of 0.72% and the S&P 500's gain of 4.83% in that time.Investors will be eagerly watching for the perf ...

Freeport-McMoRan (FCX) closed the most recent trading day at $38.16, moving +0.34% from the previous trading session. This change outpaced the S&P 500's 0.17% gain on the day. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 0.37%.Coming into today, shares of the mining company had lost 5.47% in the past month. In that same time, the Basic Materials sector lost 0.56%, while the S&P 500 gained 3.8%.The investment community will be closely monitoring the performance of Freeport-McMoRan in its ...

Freeport-McMoRan Inc. (NYSE:FCX) BMO Capital Markets 33rd Global Metals, Mining & Critical Minerals Conference February 26, 2024 10:30 AM ET Company Participants Richard Adkerson - Chairman and CEO Kathleen Quirk - President and incoming CEO Conference Call Participants Katja Jancic - BMO Katja Jancic Good morning. Our next session is with Freeport. We're going to do this as a fireside chat. So if you do have questions, please send them in through the app. Joining me today are Richard Adkerson, Chairman and ...

Freeport-McMoRan (FCX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this mining company have returned +3.6%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Mining - Non Ferrous industry, which Freeport-McMoRan falls in, has gained 2.3%. The key question now is: What could be the stock's future direction?While medi ...