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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