Freeport-McMoRan TodayFCXFreeport-McMoRan$44.61 -0.23 (-0.52%) 52-Week Range$27.66▼$52.61Dividend Yield0.67%P/E Ratio33.79Price Target$51.00Add to WatchlistShares of Freeport-McMoRan Inc. NYSE: FCX are down over 1.3% after the mining company delivered a double beat in its second-quarter earnings report. This is a reversal after FCX had bounced 1.3% higher at the market open. Top-line revenue of $7.6 billion beat expectations for $6.8 billion and was 15% higher than the $6.6 billion recorded in the same qua ...

You always wish you had a stock that went up 10 bucks in a day. And today we had a bunch of them. It's a sign that there is a gigantic change of foot, possibly the beginning of something that can make you a lot of money.In a buoyant market where we get strong retail sales numbers allowing the Dow to gain 230 points, S&P advanced.54%, NASDAQ climbed 74%. It might be worth going over the anatomy of a 10-point gain in a large cap stock because I now think that there are many of these to be had. I want you to h ...

Core Insights - Dycom Industries, Inc. reported a 10.2% year-over-year revenue increase for Q1 FY2026, reaching $1.26 billion, with adjusted EBITDA of $150.4 million and net income of $61 million, surpassing guidance [1] - The company raised its full-year revenue guidance, supported by a record backlog of $8.1 billion, indicating strong demand across telecom and digital infrastructure segments [2][3] Revenue and Backlog - The backlog of $8.1 billion includes $4.7 billion expected to convert to revenue in the next twelve months, showcasing Dycom's ability to secure long-duration projects from large telecom and utility customers [3][4] - The diverse mix of projects, with over 50% from recurring service and maintenance contracts, provides stability amid the shift to multi-year fiber buildouts [3] Market Expansion - Recent strategic wins include a multiyear middle mile fiber award to support AI infrastructure, marking Dycom's entry into hyperscaler markets, thus expanding its total addressable market [5][7] - Demand for fiber build associated with data center and AI investments is accelerating, with significant project work expected to ramp up by FY2027 [6] Margin Improvement - Adjusted EBITDA margin improved by 49 basis points to 11.9% compared to the prior year, with future margin gains anticipated from operating leverage rather than one-time events [8][9] - Management projects full-year net capex at $220–$230 million and focuses on optimizing free cash flow [8] Future Outlook - Contract revenue guidance for FY2026 has been raised to $5.290 billion to $5.425 billion, reflecting a year-over-year increase of 12.5% to 15.4% [11] - Q2 FY2026 forecasts include contract revenues of $1.38 billion to $1.43 billion, adjusted EBITDA of $185 million to $200 million, and diluted EPS of $2.74 to $3.05 [11]