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This morning, the leading base and industrial metal stocks are all moving higher at the start of the trading session. This important industry group has now rallied since April 18, 2013. One of the leading stocks in the sector is Freeport-McMoRan Copper & Gold Inc (NYSE:FCX). This company is one of the leading copper [...]

Freeport-McMoRan Copper & Gold Inc.’s (FCX) adjusted earnings (excluding one-time gains) of 74 cents per share for the fourth quarter of 2012 was in line with the Zacks Consensus Estimate. Including net credits for adjustments to environmental obligations, related legal reserves and a gain for insurance recoveries, net income for the quarter was $743 million or [...]

Is It Time To Cop-A-Feel On Freeport-McMoRan (FCX) Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) has seen its share price collapse 20% following their acquisitions of Plains Exploration & Production Co. and McMoRan Exploration Co. for $9 billion in cash and $11 billion in debt they will issue. Investors ran for the hills as they the general [...]

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) third quarter earnings declined to $824 million, or $0.86 cents per share, from its previous earnings of $1.1 billion, or $1.10 per share during the same period last year. According to the company, its third quarter earnings include a total of $168 million net credits, or $0.18 per share adjustments [...]

by Ramu Iyer Freeport-McMoRan (FCX) has recently had problems with the weakness in gold and copper prices, and the problem appears to be stemming from China. Growth in China has decelerated to about 7.5% annually and this has many investors with investments in companies that rely heavily on the Chinese demand for metals and commodities.  China [...]

This morning, all of the leading base and industrial metal stocks are catching a bid higher. It is important to note that this sector has been very weak since the start of the year. A case can be made that the leading base and industrial metal stocks have been weak since March 2011. One of [...]

For the second time in a week, the miners have reversed off early lows. Stocks like Goldcorp Inc. (USA) (NYSE:GG), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) and Yamana Gold Inc. (USA) (NYSE:AUY) are all off their lows, trying to move to the positive side in an ugly market sell off. These stock have all been [...]

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) has released its first quarter earnings for 2012, and they were very positive. The company showed a decrease in both revenue and share price between the second quarter (total revenue $5,814; EPS $1.44) and the third quarter (total revenue $5,159; EPS $1.11). Below are some highlights followed by our earlier [...]

The fourth quarter of 2011 was a tumultuous one for Freeport-McMoran (FCX). With share prices hitting a 52 week high of around $55 in August, 2011 and then plummeting to its 52 week low of around $30 just two months later, many investors became concerned that the market for cooper and gold was beginning to [...]

This morning, all of the leading base metal stocks are declining lower. Leading stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Rio Tinto plc (NYSE:RIO), BHP Billiton Ltd (NYSE:BHP), and Tech Resources Ltd (NYSE:TCK) are all coming under early selling pressure. The catalyst for today's decline in the [...]

by Frank Curtin Freeport-McMoRan (FCX) engages in the exploration, development mining and milling of copper, gold, molybdenum and silver as well as the smelting and refining of copper concentrates. The company's profits rise and fall mainly with the price of these individual commodities but there are several other variables at work that determine the ability [...]

Workers at  Freeport-McMoRan Copper & Gold (FCX) decided to end a strike at Peruvian copper mine Cerro Verde that began almost two months ago. Union workers discontinued their work in September 2011 to back demands for higher pay. Cerro Verde has been operating the mine at two-thirds of the normal daily rate with supervisors and volunteer [...]

Company Background Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) was incorporated in 1987 and is engaged in exploration, mining and production of mineral resources. Based in Phoenix, Arizona, the company is involved in exploration of copper, gold, molybdenum, silver and cobalt. The company owns interest several properties in North and South America. Moreover the company also has [...]

NYSE:FCX, NYSE:JJC, NYSE:RIO, NYSE:VALE, NYSE:FXI

NYSE:JJC, NYSE:FCX, NYSE:SCCO, NYSE:RIO, NYSE:COPX

NYSE:EEM, NYSE:SSL, NYSE:VIV, NYSE:FCX, NYSE:VWO

NYSE:FXI, NYSE:FCX, NYSE:ANR, NYSE:ACH, NYSE:BAC, NYSE:C

Is copper really a base metal? Hardly. It's one of the most important leading indicators of global growth and especially producer sentiment in emerging markets. That's why the dour outlook from mining heavyweights in recent days is such a cause for concern. Rio Tinto (RIO), Cargill, and Codelco have all provided warnings about weakening demand as their [...]

Workers at Freeport-McMoRan Copper & Gold's (FCX) Grasberg mine in Indonesia plan to go on strike in the coming days after talks with the company failed to resolve a pay dispute, a move that could tighten global copper supplies and lift prices. A strike would be the second in two months at Grasberg, the world's third [...]

 Jones)- Freeport McMoRan Copper & Gold Inc. (FCX) is committed to renewing the labor contracts for its Grasberg copper mine in Indonesia, a company spokesman told Dow Jones Newswires. STORIES OF INTEREST: Posco: New Caledonia JV To Almost Double Nickel Production SEOUL (Dow Jones)--Posco (005490.SE) said Tuesday that its nickel-mining joint venture in New Caledonia will almost double [...]

FCX is the largest publicly-traded copper mining company in the world, producing nearly 4 billion pounds of copper last year.

NYSE:SLV, NYSE:GLD, NYSE:XOM, NYSE:CAT, NYSE:FCX, NYSE:PG

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported Thursday that its second-quarter profit more than doubled to $1.73 billion, or $1.43 per share, from $832 million, or 70 cents per share, in the year-ago quarter. Revenue jumped 50% to $5.81 billion from $3.864 billion. Analysts, on average, had expected earnings of $1.33 a share on revenue of $5.69 billion. James R. Moffett, Chairman of the Board, and Richard C. Adkerson, President and Chief Executive Officer, said, "Our...

Google Inc. (NASDAQ: GOOG): Needham & Co. resumed coverage on Google with a Buy rating and a price target of $725. In a research note to clients, the firm stated, "We believe Google is a compelling investment given its multiple billion dollar growth opportunities: Search remains the engine of growth and our 2H11 Search revenue estimates could prove conservative as advertisers shift more of their budgets online and wait to flush their budgets...We conservatively estimate that Google’s...

Thousands of workers kicked off a weeklong strike at  Freeport-McMoRan Copper & Gold Inc.'s (FCX) gold and copper mine in eastern Indonesia, demanding higher wages and protesting the dismissal of their union leaders. The US mining giant insists that the work stoppage at the Grasberg mine in the remote province of Papua will not affect production. [...]

Today I review two short or “naked” put trades I have talked about this month to show examples of how this option technique can be used successfully to either generate income or to buy your favorite names at a discount. On paper, one of the open trades is a winner, and one is a loser. [...]

__________________ As you can see on the updated monthly chart of FCX above, one of my main stock market tells has been consolidating for several months now. You could easily call this a bullish consolidation within an overall uptrend, but it has been...

After ending its upleg from a major corrective low at 46.20 (Mar 10) to its 58.75 high (Apr 8), Freeport McMoRan Copper & Gold (FCX) has relinquished 50-55% of its prior upleg gains, which is the area to look to re-establish long positions within a...

Copper is probably the most watched of the commodities for those with a macro economic bent; we’ve outlined in countless pieces its label as “Doctor Copper” as a marker of industrial health.   Hence its recent pullback ...

Sometimes the market offers investors a rare chance to buy shares of a great company on a dip. That's precisely the opportunity we're getting right now with Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). The current market volatility is giving investors with an eye toward long-term investments a great chance to buy shares in a world-class company. FCX is one of the best-run global mining companies and a great way to gain exposure to gold and copper. So it's time to "Buy"...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Provident Energy Trust (NYSE: PVX) is “my kind of company.” He added, “It's not as good as Kinder Morgan Energy Partners (NYSE: KMP) or Enterprise Products Partners (NYSE: EPD)....

My near-term work indicates that this morning's spike low in Freeport-McMoRan Copper & Gold (NYSE: FCX) at 48.61 followed by a sharp upside reversal above 50.00 (so far) has the right look of the end of the corrective process off of its Jan 12 ...

Courtesy of Chris Kimble CLICK ON CHART TO ENLARGE I like this...."Tops are a process and Bottoms are events!"  With this in mind, we have to look for a slow process of building tops/highs, in all assets/products.  FCX is down over 10% of late and has taken out a steep support line at (1) [...]

By now, most investors have heard the rallying cry of this market: "Just buy the dip!" However, the tape has been so strong that it can sometimes be difficult to find substantial dips that provide a good, low-risk entry point to begin building a position. But some potentially promising opportunities do [...]

The “stuff” of industry and manufacturing is at the core of base metals and materials generally. From companies producing raw base metals to end users comprise the constituents for many(...)Read the rest of Spotlight: Metals & Materials ETFs In Focus (XLB, XME, SLX, JJC, SLV, FCX, AA, RIO) Copyright 2010 ETFDAILYNEWS.COM The copying, republication or [...]

We will go over some of the Boxer Shorts and give you an idea, or flavor, of some of the stocks that are looking weakest, and perhaps prepare you for what may be forthcoming in terms of a pullback period in the market. Capella Education Co. ...

Increasingly, my near-term work is bullish on Freeport McMoran Copper & Gold (NYSE: FCX) as it moves in a sideways triangular consolidation.  If the sharp upmove in the precious metals is for real, FCX must participate. If it fails to cli...

As the market has been grinding higher over the past few months, we’ve heard many bears state that we are overbought and that we’re due for a correction. The overbought part was likely true,(...)Read the rest of Five ETF Hedging Strategies For A Possible Correction (SPY, QQQQ, XLV, XLE, XLB, MON, FCX) Copyright 2010 ETFDAILYNEWS.COM [...]

 Looks like we picked the wrong week to short FCX!  Copper hit a new all-time high in Shanghai this morning (as the guy who owns 90% of London’s closed for the holiday exchange supplies sold it to himself for more money than he did yesterday) and gold is back at $1,400 in the futures and that should give us a better entry on FCX puts than we expected for round 2 but Paul Krugman has me worried now that maybe commodity prices are just high because the World hasn’t got enough of them to...

Shares of gold and copper producer Freeport McMoRan (FCX) was the second largest mover on a dollar basis, among the five hundred stocks in the S&P 500 (SPX) index. The shares added $2.66 to close at $115.53 and hit an intra-day high of $17.40. This was a new 52 week high for the stock. News [...]

Today was a strange day on the leadership list: the top 10 overall took a big hit, but the other 9 did quite well. FCX was about the only one in the top 10 not to get smacked. This is not a real breakout, as volume was not there, but it does appear that this may be the top of a new trading range, or it could be the high handle of a very short cup and handle pattern. In any rate, with volume declining this isn't going anywhere soon.

How can anyone not continue to be impressed, and impressed again, by the Freeport McMoran Copper & Gold Inc. (FCX) management team? They are probably the best allocators of free cash flow the world has ever seen. FCX announced a $1.00 supplemental dividend payable in December, which follows a move [...]

We just sent out an alert to subscribers of our Options Capitalist trade advisory service, recommending they buy call options on Freeport McMoRan (FCX). Trade advisory below: On November 4th, we closed out our FCX November 100 calls position for an 85% gain. We are looking for more upside in the stock, so we are now entering [...]

Materials have had an incredible run, from companies like Freeport McMoran (NYSE: FCX) to BHP Billiton (NYSE: BHP) to Rio Tinto (NYSE: RIO). But are they still a buy? At first glance, these companies aren't trading at absurd valuations, and with easy monetary policy, these commodity runs can continue. FCX recently just doubled its dividend, and many analysts have said it could've doubled it again with no problem. Cash is flowing into these companies, and while no one can pick a top...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that according to him, Marvell Technology (NASDAQ: MRVL) will reach $22. He also likes Broadcom (NASDAQ: BRCM). Jim said that CenturyLink (NYSE: CTL) is “going higher." Cramer said that the quarter was not good for Whirlpool (NYSE: WHR). He advises the investors not to buy that stock. For Freeport-McMoRan (NYSE: FCX), he said. "They delivered a pristine quarter and the stock is going dramatically higher. There is not...

At 10:05 am, the Dow gained 0.89% to 11,232.16, the broader Standard & Poor's 500 index moved up 0.90% to 1,193.71 and the NASDAQ composite index rose 1.00% to 2,504.29. The industries that are driving the market today are: Silver: This industry jumped 3.32% by 10:05 am. The top stock within the industry was Mines Management Inc (AMEX: MGN), which rose 6.64%. MGN's quarterly revenue surged 155.40% y/y. Industrial Metals & Minerals: This industry rose 3.16% by 10:05 am ET. The top...

Freeport-McMoran (NYSE: FCX) has had a heck of a run - I should know, since I sold the stock at around $60 in the summertime. That ended up being the low. Instead of seeing a deterioration in the economy, and thereby weakness in commodity prices, we have witnessed better than expected economic numbers and a Fed induced run up in the price of commodity stocks. This has sent FCX from $60 to well over $90 since the middle of July - a tremendous gain. The stock trades inversely to the...

Steve Cortez was just on the CNBC 'Fast Money Halftime Report' and he said to short commodities, and in particular Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). He said the dollar looks like it wants to strengthen, and commodities, and in particular, FCX, will weaken significantly if that does happen. Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. It primarily explores for copper, gold, molybdenum, silver, and cobalt deposits.

Freeport McMoRan (NYSE: FCX) reported 3Q10 earnings results, exceeding Dahlman Rose's estimates and consensus estimates. Given the strength in copper prices, the company is increasing the dividend and its capital expenditure budget for 2011. It is increasing its price target to $125 per share from $120 per share. Results exceeded its estimate of $1.85 and the consensus estimate of $2.25. Variance from our estimate can be attributed to higher than anticipated copper sales and lower than...

The major averages have accelerated to their worst levels of the day, with the Dow Jones Industrial Average (DJIA) down roughly 25 points and the S&P 500 (SPX) down 5 points. Earlier, the Dow was up over 100 points and traded over 11,200. The Dow is now at 11,085. Strong earnings from Caterpillar (NYSE: CAT) and Freeport-McMoRan (NYSE: FCX) have failed to excite investors. These stocks have been leaders during the market's rally which began in early September. The US Dollar index (.DXY)...