The copper market is caught between a stimulus-fueled surge and the looming specter of Trump 2.0 tariffs. According to JPMorgan's Bill Peterson, investors are riding high on China's stimulus optimism, but the road ahead may be rockier than expected.China Stimulus: A Boost Or Bubble?China's recent stimulus announcements have sent copper stocks, including Teck Resources Ltd TECK and Freeport-McMoRan Inc FCX, climbing — TECK up 6% and FCX up 8% since late September.But Peterson warns that expectations might ha ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Freeport-McMoRan (FCX) .Freeport-McMoRan currently has an average brokerag ...

Freeport-McMoRan has a bright future.Freeport-McMoRan's (FCX 0.99%) stock price has risen about 35% over the past year. That's a meaningful move for a large mining company. The top publicly traded copper producer has benefited from improved pricing and strong demand, especially in the U.S.With shares already up a lot in the past year, many investors might be wondering whether it's too late to buy the copper stock. Here's a look at whether it's still worth buying.The outlook for copperLike any other commodit ...

Freeport-McMoRan (FCX) closed the latest trading day at $50.03, indicating a +0.99% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%.Coming into today, shares of the mining company had gained 18.49% in the past month. In that same time, the Basic Materials sector gained 6.17%, while the S&P 500 gained 5.36%.The upcoming earnings release of Freeport-McMoRan will ...

Key TakeawaysMining company stocks sank Tuesday after China's latest moves to boost its economy fell short of a hoped-for major stimulus package.The country's economic planning agency maintained that China still expects to meet its annual economic goals.The news sent prices for gold, silver, copper, and other metals lower Tuesday. Shares of Freeport-McMoRan (FCX) and other miners tumbled Tuesday, along with the prices of key metals, after China announced economic measures that fell short of a much-anticipat ...

In the latest market close, Freeport-McMoRan (FCX) reached $50.55, with a +1.57% movement compared to the previous day. This change outpaced the S&P 500's 0.9% gain on the day. Meanwhile, the Dow gained 0.81%, and the Nasdaq, a tech-heavy index, added 1.22%. Shares of the mining company witnessed a gain of 20.22% over the previous month, beating the performance of the Basic Materials sector with its gain of 7.23% and the S&P 500's gain of 3.15%. Investors will be eagerly watching for the performance of Free ...

The copper miner's stock is rising due to a favorable end-market environment. Shares in copper miner Freeport-McMoRan (FCX 0.87%) rose by 12.7% in September, according to data provided by S&P Global Market Intelligence. The rise came after China announced a series of measures to stimulate its economy in the face of a weakening housing market and pressure on its economic growth target of about 5%. China adds liquidity China's appetite for copper is the swing factor in determining global demand, and the annou ...

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...

Since China launched a series of stimulus measures, US-listed casino and copper stocks have performed exceptionally well. A research company is suggesting investors consider buying these stocks.Adam Parker, CEO of Trivariate Research, indicated that traders should focus on US-listed stocks that have seen significant gains recently and are typically correlated with Chinese-listed stocks. He noted that casino or copper mining stocks might be the most meaningful choices.In a recent client report, Trivariate hi ...

Industry Overview - The copper sector includes companies involved in exploration, mining, refining, and distribution of copper, which is essential for construction, electronics, and renewable energy technologies [1] - Copper stocks reflect global economic health and infrastructure development trends, with demand increasing during economic growth and urbanization [1] Investment Considerations - Evaluating copper stocks requires assessing reserve quality, production costs, geographic diversification, debt levels, and exposure to end markets [2] - Environmental, social, and governance (ESG) factors are important in the mining industry [2] Company Analysis: Southern Copper Corporation (SCCO) - Southern Copper Corporation is a major integrated copper producer with operations primarily in Mexico and Peru, known for having large copper reserves [3] - In Q2 2024, Southern Copper reported net sales of $3,118.3 million, a 35.5% increase, and net income of $950.2 million, a 73.6% increase, with copper production growing by 6.6% quarter-on-quarter [3] - The company declared a quarterly cash dividend of $0.60 per share and a stock dividend of 0.0056 shares per share of common stock [3] Company Analysis: Freeport-McMoRan Inc. (FCX) - Freeport-McMoRan is one of the largest publicly traded copper producers, operating significant mines in North America, South America, and Indonesia [5] - The company declared a cash dividend of $0.15 per share, consisting of a base and variable dividend of $0.075 each, payable on November 1, 2024 [5] - Year-to-date, shares of Freeport-McMoRan have increased by 22.29% [5]