In general, when markets trend lower, it makes sense to invest in blue-chip stocks. They tend to have a low beta and also provide regular cash flows through dividends. Yet, not all blue chips are created equal. Based on macroeconomic or company-specific factors, there are some you want to buy and some blue-chip stocks to sell. For example, blue-chip retailer Target (NYSE: TGT ) sits 45% below its 52-week high, weighed down by inflationary pressures and margin compression. And pharmaceutical giant Pfizer (NYSE: PFE ) is 30% below its high on concerns of a slowdown in growth predominately due to lower Covid-19 vaccine sales. So, investors need to carry out due diligence even with blue chips. Today’s list of blue-chip stocks to sell in October contains popular names that are likely to correct or correct even further. PEP PepsiCo $163.26 COST Costco Wholesale $472.27 FCX Freeport-McMoRan $27.35 OXY Occidental Petroleum $61.43 PepsiCo (PEP) Source: 8ED8 / Shutterstock PepsiCo (NASDAQ: PEP ) stock is up 11% over the past year, bucking the broader bear market, and it throws off a healthy 2.7% dividend yield.
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With precious metals prices continuing to move inversely to interest rates, some investors would say that the best precious metals stocks to own right now are none of them. If you view precious metals strictly through the lens of gold and silver, I can’t blame you. As inflation soared, gold and silver did not hold up their end of the bargain. And with interest rates rising, a stronger dollar is taking out another reason to own precious metals. But the precious metals sector is broader than gold and silver. And that’s where the opportunity comes in. Many of these metals are essential to manufacturing the products that will transform our economy. These sectors haven’t been immune from supply chain difficulties, and that has made it a choppy year for precious metals stocks. But according to 360 Research Reports, the demand for precious metals is expected to grow at a compound annual growth rate (CAGR) of 2.5% between now and 2028. And I don’t want to forget about gold. According to ResearchandMarkets.com , the global gold mining market is forecast to grow at a compound annual growth rate (CAGR) of 3.1% from now through 2026.
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Source: Ruslan Ivantsov / Shutterstock.com Wall Street has officially entered a bear market. Macroeconomic headwinds continue to build, including rampant inflation, slowing economic growth and continued geopolitical turmoil. We now have further uncertainty surrounding the stock market following the most recent interest rate hike. As we enter a bear market, investors are searching for alternative investment paths for diversification. Growth names that were the darlings on Wall Street during the pandemic have not been immune to these challenges so far in the year. Even large-capitalization (cap) shares have come under pressure since January. Year-to-date (YTD), the S&P 500 index has so far dropped over 22.9% year-to-date (YTD), while the tech-heavy Nasdaq 100 has declined more than 30.7% during the same period. In the past century, we have had over 25 bear markets on the Street. Most have lasted an average of less than one year. While it may be tempting to sell stocks in the portfolio to minimize losses, panic selling in a bear market often leads to loss of potential profits and even investment capital.
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The market''s negative view on the economy caused a sell-off in industrial metals.
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Freeport McMoRan (FCX) -4.8% pre-market Friday as copper prices plummet to their lowest in nearly two months, weighed by the strong dollar and fears of a recession that would hurt…
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We present key price levels for copper and Freeport-McMoRan in the near term. Read why both may see decent upside.
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There are two main reasons why moving averages are useful in forex trading: moving averages help traders define trend recognize changes in trend. Now well have a look on, SMA50 … The post Unusual Ways to Leverage Your Investment: QUALCOMM Incorporated (NASDAQ:QCOM -2.00%), Freeport-McMoRan Inc. (NYSE:FCX -0.83%) appeared first on Stocks Equity .
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Industrially focused commodities took a hit today on the back of interest rate speculation.
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At the close of the New York Stock Exchange, the Dow Jones rose 0.61%, the S&P 500 rose 0.66% and the NASDAQ Composite rose 0.60%. Salesforce.com Inc was the leading gainer among the components of the Dow Jones index today, up 3.62 points or 2.36% to close at 156.90. JPMorgan Chase & Co rose 2.70 points or 2.33% to close at 118.60. Goldman Sachs Group Inc rose 4.82 points or 1.46% to close at 335.38. The losers were 3M Company shares, which lost 1.28 points or 1.06% to end the session at 119.27. Apple Inc was up 1.51 points (0.97%) to close at 154.45, while Honeywell International Inc was down 1.27 points (0.67%) to close at 187. 82. Leading gainers among the S&P 500 index components in today''s trading were Regeneron Pharmaceuticals Inc, which rose 18.85% to 708.85, Freeport-McMoran Copper & Gold Inc, which gained 7.89% to close at 30 .62, as well as shares of Invesco Plc, which rose 4.77% to close the session at 17.36. The biggest losers were McCormick & Company Incorporated, which shed 6.71% to close at 79.30.
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Freeport-McMoran (FCX) on Thursday gained 7.9% to close at $30.62 a share for its biggest gain since Nov
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M&A interest is heating up in the copper mining industry.
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Freeport-McMoRan Inc. (FCX)’s stock has witnessed a price hike of 5.46% from the previous close with its current price standing at $29.93. Its current price is -42.18% under its 52-week high of $51.76 and 20.69% more than its 52-week low of $24.80. Based on the past 30-day period, the stock price is -11.27% below the […]
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There are two main reasons why moving averages are useful in forex trading: moving averages help traders define trend recognize changes in trend. Now well have a look on, SMA50 … The post Insanely Awesome to Have this: Grab Holdings Limited (NASDAQ:GRAB -2.03%), Freeport-McMoRan Inc. (NYSE:FCX -0.64%) appeared first on Stocks Equity .
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Text size Ryan Lance, chairman and CEO of ConocoPhillips. Aaron M. Sprecher/Bloomberg Freeport-McMoRan stock has slid this year, and director Ryan Lance
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The post ConocoPhillips CEO Ryan Lance Buys Freeport-McMoRan Stock appeared on BitcoinEthereumNews.com . Text size Ryan Lance, chairman and CEO of ConocoPhillips. Aaron M. Sprecher/Bloomberg Freeport-McMoRan stock has slid this year, and director Ryan Lance has bought a large block of shares of…
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Freeport-McMoRan stock is currently trading at an EV/NTM Revenue of 2.38x and NTM P/E of 13.66x. Check out why we prefer to rate FCX stock as a Hold.
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Commodity prices are under pressure, but some of these stocks are already close to their 52-week lows.
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Freeport McMoRan (FCX) is one of Thursday''s five biggest losers on the S&P 500, -5.4% and down ~15% during the past week, with copper prices falling again on worries that Europe''s…
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On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes APA Corporation (NASDAQ: APA ) and recommended buying the stock. "I think it’s got a lot of natural gas." The "Mad Money" host said he is sick of Freeport-McMoRan Inc. (NYSE: Full story available on Benzinga.com
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Bridgewater Associates Expands Global Footprint with New Office in Singapore (PR Newswire Asia) SINGAPORE, Aug. 31, 2022 /PRNewswire/ – Bridgewater Associates (“Bridgewater”), a global leader in institutional portfolio management, today announced that it has opened an office in Singapore. Highlighting the importance of the pan-Asia market, Bridgewater’s new office is both symbolic of its deep […]
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Copper and Freeport-McMoRan have been decimated in recent months. The inflation trade is dead, and FCX stock has further to fall. Read more here.
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Freeport-McMoRan is set to ride the wave of higher copper demand from China. Read why now may be the right time to invest in FCX stock.
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At the close of the New York Stock Exchange, the Dow Jones fell 0.96% to a one-month low, the S&P 500 fell 1.10% and the NASDAQ Composite index shed 1.12%. The leading performer among the Dow Jones index components in today''s trading was American Express Company, which gained 0.12 points (0.08%) to close at 154.66. Quotes JPMorgan Chase & Co rose by 0.02 points (0.02%), ending trading at 114.41. Nike Inc lost 0.02 points (0.02%) to close at 107.86. The biggest losers were Dow Inc, which shed 1.49 points or 2.82% to end the session at 51.38. Caterpillar Inc was up 2.52% or 4.84 points to close at 186.94, while Chevron Corp was down 2.44% or 4.01 points to close at 160.62. . Leading gainers among the S&P 500 index components in today''s trading were EPAM Systems Inc, which rose 2.09% to 424.71, Gap Inc, which gained 2.00% to close at 9.67, and Paycom Soft, which rose 1.74% to end the session at 357.29. The biggest losers were CF Industries Holdings Inc, which shed 6.48% to close at 106.00.
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Dave Gilbert here, Editor of Smart Money . We humans are hardwired to pay close attention to potential dangers. A hundred thousand years ago, it’s how we survived; constantly worrying that a tiger or bear might be around the corner was a valuable instinct. We may not encounter ferocious wild animals in our day-to-day activities anymore, but our instincts remain a part of who we are. We are still deeply in tune with guarding ourselves from anything that could pose a threat… including a stock market that’s a bear. One potential danger facing investors growled a little louder last week, and investors’ “fight or flight” instincts kicked in. Most of us chose “flight,” as Federal Reserve Chairman Jerome Powell warned last Friday that he would do whatever it takes to get inflation under control. He spoke of interest rates possibly remaining high for “some time.” And he said… While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses.
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The materials sector sold off on recession fears.
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Freeport-McMoRan Inc. (NYSE:FCX) has a beta value of 2.01 and has seen 4.6 million shares traded in the recent trading session. The company, currently valued at $46.48B, closed the recent trade at $29.90 per share which meant it lost -$1.6 on the day or -5.08% during that session. The FCX stock price is -73.11% off … Freeport-McMoRan Inc. Is A Buy Small Cap Stock: Analysts Read More »
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NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Catalent Inc., down $7.42 to $92.28. The maker of drug delivery technologies gave investors a disappointing revenue forecast. Napco Security Technologies Inc., up $3 to $28.46. The security products and software company reported strong fiscal fourth-quarter financial results. Bristol-Myers Squibb Co., down $4.44 to $66.75. The drug developer gave investors a discouraging update on the development of a potential stroke reduction treatment. Netflix Inc., up $1.29 to $224.57. The streaming entertainment giant is reportedly considering cutting prices sharply for its upcoming ad-supported content tier. Exxon Mobil Corp., up $2.25 to $100.12. Energy stocks gained ground along with rising U.S. crude oil prices. Freeport-McMoRan Inc., down 69 cents to $31.50. The copper miner slipped along with the metal’s price. Honda Motor Co., up 46 cents to $26.80. The automaker is investing in a joint venture with battery maker LG to make batteries for Honda electric vehicles in North America.
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Futures, Global Markets Tumble As Central Bankers Plan To Push World Into Coordinated Recession Market sentiment has only deteriorated after Friday''s sharp post-Powell/ECB dump, and investors started the week with the bear market rally in tatters after the world’s biggest central banks huddled around a simple message in Jackson Hole this weekend: they are ready to fight runaway inflation with higher interest rates, even if it does some damage (in other words they want to crush demand, even as Biden''s debt relief plan and Inflation Reduction Plan hopes to stimulate demand). Powell quashed the idea of an early dovish Fed pivot (ensuring a much more forceful one later once all EMs fully blow up on the back of the soaring USD) and also said on Friday that the road ahead will “bring some pain to households and businesses” in the US, an “unfortunate cost of bringing down inflation” while ECB''s Isabel Schnabel said she and her colleagues had “little choice” but to continue tightening even if Europe’s economy tips into recession, which is becoming increasingly likely.
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Copper prices on the London Metal Exchange touched their highest in nearly two months on Friday, with most base metals moving higher amid tightening fundamentals.According to…
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Freeport McMoRan (FCX) +6.5% in Tuesday''s trading, rallying alongside a rebound in copper prices, which are up more than 15% from a mid-July low but still down 17% YTD.Front-month…
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Today was a good day for investors in stocks with economic growth potential.
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In today’s recent session, 4.45 million shares of the Freeport-McMoRan Inc. (NYSE:FCX) have been traded, and its beta is 1.99. Most recently the company’s share price was $29.52, and it changed around -$0.93 or -3.05% from the last close, which brings the market valuation of the company to $44.64B. FCX at last check was trading … Why Freeport-McMoRan Inc. (NYSE: FCX) Stock Shouldn’t Be Ignored In 2022 Read More »
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Undervalued stocks are businesses that trade below their intrinsic value . Thomas Chua is the author of the 3-Bullet Sunday investment newsletter. A May tweet of his caught my attention. He wrote: “Buffett: We define intrinsic value as the discounted value of the cash that can be taken out of a business during its remaining life.” “Charlie Munger: I have never seen him do a DCF before.” Charlie Munger has said that determining a company’s intrinsic value is not easy. It requires a lot of experimentation with different valuation models. In the end, both Buffett and Munger consider it nothing more than an estimate. I use free cash flow yield — trailing 12-month ( TTM ) free cash flow ( FCF ) divided by market capitalization — to evaluate whether non-financial stocks are undervalued. I consider companies with yields of 8% or higher to be in value territory. So, for this article, I will provide you with seven undervalued stocks that are down 15% or more in 2022 and have TTM FCF yields of 8% or higher.
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New Jersey, USA -- ( SBWIRE ) -- 08/17/2022 -- The latest study released on the Global Gold Mining Market by AMA Research evaluates market size, trend, and forecast to 2027. The Gold Mining market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in This Report Include: Newmont Mining United States), Coeur Mining (United States), Freeport-McMoRan (United States), North Bloomfield Mining and Gravel Company (United States), Gold Reserve (United States), Golden Star Resources (Canada), NovaGold Resources (Canada), Royal Gold (United States), Homestake Mining Company (United States), Delta Consolidated Mining Company (United States), Dakota Territory Resource Corp [United States], Download Sample Report PDF (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/11351-global-gold-mining-market Definition: The global Gold Mining market is expected to witness high demand in the forecasted period due to an increase in demand for gold and an increase in the use of gold in various industries.
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In the latest trading session, 3.33 million Freeport-McMoRan Inc. (NYSE:FCX) shares changed hands as the company’s beta touched 2.00. With the company’s most recent per share price at $30.30 changed hands at -$1.09 or -3.47% at last look, the market valuation stands at $44.94B. FCX’s current price is a discount, trading about -70.83% off its … Freeport-McMoRan Inc. (NYSE: FCX) Is Expected To Soar To Higher Prices In The Months To Come. Read More »
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Freeport-McMoRan (NYSE: FCX ) has outperformed the market over the past 5 years by 4.15% on an annualized basis producing an average annual return of 16.19%. Currently, Freeport-McMoRan has a market capitalization of $44.57 billion. Buying $1000 In FCX: If an investor … Full story available on Benzinga.com
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This Is What Hedge Funds Bought And Sold In Q2: Full 13F Summary While we already covered what may have been the most boring 13F of the second quarter, namely that of Berkshire Hathaway which saw very few changes with Warren Buffett merely adding to a few legacy positions and trimming a few others (full breakdown here)… ... as well as the most interesting one, that from Tiger Global which confirmed that the so-called hedge fund was nothing more than a paper-hands retail investor, dumping most of its biggest holdings just as the market troughed, and leaving the world''s most overrated tech fund missing on all of the recent market upside... ... we also have had quite a few hedge funds inbetween. Courtesy of Bloomberg here are the highlights of the just concluded 13F seasons: Risk off: Chase Coleman’s Tiger Global Management, Dan Sundheim’s D1 Capital and Michael Burry’s Scion Asset Management were among firms that continued to offload equities in the period. Tiger’s aggregate exposure to stocks dropped by about 55% to $11.8 billion.
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The sell-off in commodity stocks looks like it''s gone too far.
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Related Stocks: NVDA , FCX , EXC , AMT , SOLN ,
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Related Stocks: GOLD , ELV , PYPL , AMZN , FCX ,
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We do not expect copper price to fall below $6500/ton with onset of recession. See why it is still too early to buy Freeport-McMoRan (FCX) stock.
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Freeport McMoRan (FCX) +4.3% in Thursday''s trading, up 30% from mid-July lows, as copper prices continue their steady advance to hit a six-week high.According to Reuters, benchmark…
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Freeport-McMoRan Inc. (NYSE:FCX) traded at $30.05 at close of the session on Tuesday, 08/09/22, made a downward move of -1.86% on its previous day’s price. Looking at the stock we see that its previous close was $30.62 and the beta (5Y monthly) reads 2.08 with the day’s price range being $29.745 – $30.75. The company … Freeport-McMoRan Inc.’s Stock Price Soared Recently, But There Might Be Trouble Ahead Read More »
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With big names continuing to struggle, there are discount stocks to buy out there that may not stay this cheap for much longer. The stock market is rife with opportunity currently. That opportunity is a product of fear that continues to grip the markets. Remember, there are two sides to every story. So, rather than allowing fear to dictate inaction consider Warren Buffett’s advice: “Be fearful when others are greedy and greedy when others are fearful.” That contrarian wisdom indicates that discounts abound. The devaluation of tech stocks is a major part of the story. That’s one area where massive opportunities continue to exist. But it isn’t the only one. Overall, successive rate hikes from the Fed are sparking renewed fears that have affected the entire market. That means those who choose greed rather than fear can find deals in these discount stocks to buy across sectors and industries. MKL Markel Corporation $1,177.58 ALLY Ally Financial $32.96 META Meta Platforms $168.53 FDX FedEx $224.97 GOOG Google $117.50 QCOM Qualcomm $142.51 FCX Freeport-McMoRan $30.05 Markel Corporation (MKL) Source: madamF / Shutterstock.com Markel Corporation (NYSE: MKL ) stock is among sharply discounted equities that are outside of the tech industry.
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There are two main reasons why moving averages are useful in forex trading: moving averages help traders define trend recognize changes in trend. Now well have a look on, SMA50 … The post Insanely Awesome to Have this: Berkshire Grey, Inc. (NASDAQ:BGRY 37.03%), Freeport-McMoRan Inc. (NYSE:FCX -1.65%) appeared first on Stocks Equity .
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Weak economic data from China sent commodity stocks lower today.
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Freeport-McMoRan has likely staged its medium-term bottom in July. Despite worsening macro data in July, it didn''t impact FCX. See why we rate FCX as a Buy.
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Freeport-McMoRan (NYSE: FCX ) has outperformed the market over the past 5 years by 6.09% on an annualized basis producing an average annual return of 16.84%. Currently, Freeport-McMoRan has a market capitalization of $45.12 billion. Buying $100 In FCX: If an … Full story available on Benzinga.com
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On a risk/reward basis, the copper miner is looking like a highly attractive stock to buy.
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https://www.investing.com/news/pro/freeportmcmoran-pt-lowered-to-36-at-scotiabank-432SI-2854092
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