Freeport-McMoRan (FCX) Is Up 0.73% in One Week: What You Should Know

Core Viewpoint - Freeport-McMoRan (FCX) is identified as a strong momentum stock with a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating potential for significant near-term gains [3][12]. Momentum Style Score Analysis - The Momentum Style Score incorporates price changes and earnings estimate revisions, which are critical for assessing stock performance [3][9]. - FCX's shares have increased by 0.73% over the past week, outperforming the flat performance of the Zacks Mining - Non Ferrous industry [6]. - Over the past month, FCX's price change of 8.35% is significantly better than the industry's 4.92% [6]. Long-Term Performance Metrics - FCX has shown impressive long-term performance, with a 63.1% increase over the past quarter and a 65.39% increase over the last year, compared to the S&P 500's gains of 3.73% and 16.78%, respectively [7]. Trading Volume Insights - The average 20-day trading volume for FCX is 24,103,756 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Estimate Revisions - In the last two months, 7 earnings estimates for FCX have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $1.95 to $2.36 [10]. - For the next fiscal year, 5 estimates have moved upwards with no downward revisions, indicating positive sentiment [10].