Obama's infrastructure-building package, the biggest of its kind since the 1950s, triggered a sizable increase in FCX's share price.
On May 14, a major earthquake hit China's Szechaun province, causing an estimated hundreds of millions of dollars in infrastructure damage. Speculation that stocks with a stake in higher Chinese infrastructure investment, such as FCX and its copper sales, fueled optimism on higher future earnings.
Stock price falls when Q4 profits come in at $.99 vs. analysts estimates of $1.68