US stock · Basic Materials sector · Copper
Company Logo

Freeport-McMoRan Inc.

FCXNYSE

44.82

USD
-0.63
(-1.39%)
Market Closed
18.75P/E
18Forward P/E
0.94P/E to S&P500
64.063BMarket CAP
1.32%Div Yield
Google Trends
Recent Reddit Comments

VAW- Top 10 Holdings (49.02% of Total Assets)

Get Quotes for Top Holdings

NameSymbol% AssetsLinde PLCLIN.L12.19%Sherwin-Williams CoSHW5.61%Air Products & Chemicals IncAPD5.13%Freeport-McMoRan IncFCX4.36%Ecolab IncECL4.26%Newmont CorpNEM4.09%Dow IncDOW3.79%DuPont de Nemours IncDD3.36%PPG Industries IncPPG3.24%International Flavors & Fragrances IncIFF2.99%

1
Reply
Share
Report
Save
Follow

I wrote this comment last week. This goes against the point of my post but it's interesting data.

Let me give some examples of recent rallies from Fall (or summer) 2022 lows. Cherry-picked but my point is the rally is broad-based and in many instance, seeing huge run-ups. I might have made a typo or two.

Industrials:

  • Boeing: +73%
  • CAT: +54%
  • DE: +34%
  • Siemens AG (German industrial): + 63%
  • BASF (European chemical company): +48%
  • Arcellor Mittel (European steel company): +50%

Commodities:

  • FCX (copper): +68%
  • X (US steel): +50%

Financials:

  • JPM: +35%
  • ALLY: +32%
  • TD: +12%
  • C: +29%

Airlines:

  • United Airlines: +32%
  • Delta: +40%

Semiconductors:

  • Micron (semiconductors): +24%
  • AMD: +37%
  • INTC: +23%

Restaurants:

  • Chipotle: +28%
  • SBUX: +52%

Pharma:

  • Whole sector did well, so not even going to bother listing them.

Defense:

  • Also soared but again not really so relevant since its Ukraine driven.

ETFs:

  • AVUV (US small cap value): + 22%
  • AVDV (ex-US developed small cap value): + 26%
  • VGK (Europe): +32%
  • VWO (emerging markets): + 21%
  • Russell 2000 (US Small caps): +16%
  • XBI (biotech): +28%
1
Reply
Share
Report
Save
Follow

Thanks for sharing. I'll check it out! I've been hearing some bullish sentiment about Brazil lately, e.g., Petrobras and how the political uncertainty is a bit overstated, and about Brazilian banks being extremely cheap.

I was reading the earning call transcript for FCX and one of their risks was about political uncertainty in Peru (due to the recent attempted coup by former President Castillo and resulting protests) as well as in Chile with some constitutional changes.

1
Reply
Share
Report
Save
Follow

I hear good things about Teck. I haven't entered yet, but I bought my first few shares of FCX last week. A bit late on FCX, but I see a promising 5 years ahead.

1
Reply
Share
Report
Save
Follow

miners gang

FCX solid af img

1
Reply
Share
Report
Save
Follow

FCX on a tear.

BHP breaking out... that $70 ceiling has been years in the making.

1
Reply
Share
Report
Save
Follow

Read FCX earnings release and then go buy some copper stocks.

1
Reply
Share
Report
Save
Follow

FCX earnings out. I always find their analysis interesting regarding copper futures.

Basically, they still stay prices need to go higher to make investment in new mines. They also still see demand we'll out pacing supply until new mines are brought online.

Bullish on copper.

1
Reply
Share
Report
Save
Follow

ABT 110p, APH 80c, Punked out on 200p's on BA, FCX 40p, NSC 240p lets see how f'd I am!

1
Reply
Share
Report
Save
Follow

Tomorrow... BA gonna kill it, FCX gonna kill it, HES gonna kill it and GD gonna kill it... plus they're sending tanks to Ukraine.

ASML... not so sure about.

1
Reply
Share
Report
Save
Follow

One reason why I'm bullish on US macro (but perhaps not as much as the stock market as a whole) is years of fiscal tailwinds from massive spending. Take a glance at what legislation has been passed:

  • American Rescue Plan Act of 2021: $1.9 trillion stimulus legislation
  • Chips Act (US): "The CHIPS Act directs $280 billion in spending over the next ten years. The majority—$200 billion—is for scientific R&D and commercialization. Some $52.7 billion is for semiconductor manufacturing, R&D, and workforce development, with another $24 billion worth of tax credits for chip production. There is $3 billion slated for programs aimed at leading-edge technology and wireless supply chains."
  • Chips Act (Europe): To be passed, but 42B Euros
  • Infrastructure Bill: "$1.2 trillion in spending, with $550 billion being newly authorized spending".
  • Inflation Reduction Act: "The law, as passed, will raise $738 billion and authorize $391 billion in spending on energy and climate change, $238 billion in deficit reduction, three years of Affordable Care Act subsidies, prescription drug reform to lower prices, and tax reform"
  • 10% increase in defense spending ($816.7 billion to DOD) on top of the various aid packages to Ukraine (which include spending on replenishing supplies)

All this spending is bullish for a few sectors. Construction. Commodities. Military defense.

In particular, take steel. Renewable energy and construction in general uses a massive amount of steel. What are the key components to make steel? Iron ore and metallurgical coal. The world is ramping up defense spending, including China. Ships, for example, require a massive amount of steel: China is going wild on ship-building. I keep seeing people mixing up thermal coal and met coal: you can't make steel in massive quantities (yet, scientists seem to be working on it) without coal mining.

Long $AMR, $FCX, $BTU, $UFPI (of my holdings), and probably $CAT, $BHP, $VALE, $WHC (Whitehaven coal), $ARCH. Long /u/_hiddenscout 's portfolio involving electrification.

1
Reply
Share
Report
Save
Follow

Not much is on discount in my portfolio so I just added to my commodities: 3 shares each of BTU and FCX (copper). I had just started buying AMR but I'm already up 13%.

1
Reply
Share
Report
Save
Follow

Let me give some examples of recent rallies from Fall (or summer) 2022 lows. Cherry-picked but my point is the rally is broad-based and in many instance, seeing huge run-ups. I might have made a typo or two.

Industrials:

  • Boeing: +73%
  • CAT: +54%
  • DE: +34%
  • Siemens AG (German industrial): + 63%
  • BASF (European chemical company): +48%
  • Arcellor Mittel (European steel company): +50%

Commodities:

  • FCX (copper): +68%
  • X (US steel): +50%

Financials:

  • JPM: +35%
  • ALLY: +32%
  • TD: +12%
  • C: +29%

Airlines:

  • United Airlines: +32%
  • Delta: +40%

Semiconductors:

  • Micron (semiconductors): +24%
  • AMD: +37%
  • INTC: +23%

Restaurants:

  • Chipotle: +28%
  • SBUX: +52%

Pharma:

  • Whole sector did well, so not even going to bother listing them.

Defense:

  • Also soared but again not really so relevant since its Ukraine driven.

ETFs:

  • AVUV (US small cap value): + 22%
  • AVDV (ex-US developed small cap value): + 26%
  • VGK (Europe): +32%
  • VWO (emerging markets): + 21%
  • Russell 2000 (US Small caps): +16%
  • XBI (biotech): +28%
1
Reply
Share
Report
Save
Follow

$FCX calls are the move

1
Reply
Share
Report
Save
Follow

oil sector won 2022, stocks like OXY and XOM top performers

but small cap oil/energy stocks were +400% at some point

small cap are gonna outperform big caps in every mini bullrun, now think about the mining industry: everyone is focused on big cap gold/copper miners like FCX/RIO/BHP etc... actually extremely overbought

no one is looking for mid/small cap opportunities in the mining sector

1
Reply
Share
Report
Save
Follow

Credit to u/KRIBZ

AVERAGE EARNINGS MOVE | LAST MOVE | IMPLIED MOVE FROM ATM OPTIONS PRICING

2023-01-23

$BKR | Baker Hughes Holdings LLC: 5.82% | 2.41% | 8.85%

$LOGI | Logitech International SA: 8.06% | 14.95% | 9.17%

2023-01-24

$JNJ | Johnson and Johnson: 3.36% | 1.96% | 2.49%

$TXN | Texas Instruments Incorporated: 4.28% | 2.24% | 4.93%

$DHR | Danaher Corporation: 4.07% | 7.55% | 5.9%

$GE | General Electric Company: 6.51% | 7.81% | 5.25%

$UNP | Union Pacific Corp: 4.44% | 7.9% | 2.9%

$LMT | Lockheed Martin Corp: 3.93% | 8.71% | 3.6%

$MSFT | Microsoft Corporation: 4.73% | 5.07% | 4.85%

$VZ | Verizon Communications Inc: 3.41% | 7.94% | 4.35%

$RTX | Raytheon Technologies Corporation: 3.27% | 7.4% | 3.3%

2023-01-25

$ASML | : 4.69% | 9.83% | 4.5%

$NOW | ServiceNow Inc: 8.06% | 6.8% | 7.88%

$FCX | Freeport McMoRan Inc: 9.07% | 6.51% | 5.59%

$NEE | NextEra Energy Inc: 3.03% | 3.2% | 6.7%

$CCI | Crown Castle International Corp: 3.36% | 5.17% | 6.07%

$TSLA | Tesla Inc: 6.98% | 3.31% | 9.59%

$LRCX | Lam Research Corporation: 5.65% | 10.45% | 5.87%

$LVS | Las Vegas Sands Corp: 5.46% | 7.16% | 6.8%

$USB | US Bancorp: 3.68% | 4.29% | 3.77%

$IBM | International Business Machines Corp: 5.65% | 4.05% | 4.89%

$T | AT&T Inc: 4.48% | 8.88% | 4.68%

$BA | Boeing Co: 5.47% | 9.99% | 4.91%

2023-01-26

$SAP | : 3.62% | 3.56% | 7.0%

$MA | MasterCard Incorporated: 4.36% | 2.7% | 3.97%

$V | Visa Inc: 3.97% | 1.33% | 4.13%

$LHX | L3Harris Technologies Inc: 4.56% | 1.66% | 6.74%

$MMC | Marsh and McLennan Companies Inc: 3.75% | 2.28% | 3.81%

$NOC | Northrop Grumman Corp Holding Co: 4.41% | 3.43% | 3.9%

$INTC | Intel Corporation: 7.71% | 11.83% | 7.94%

$BX | Blackstone Group Inc: 4.99% | 4.49% | 5.73%

$DOW | Dow Inc: 4.83% | 5.63% | 3.2%

$CMCSA | Comcast Corporation: 4.37% | 10.6% | 4.9%

2023-01-27

$AXP | American Express Company: 4.49% | 10.26% | 6.65%

$CVX | Chevron Corporation: 4.45% | 4.14% | 4.59%

$CL | Colgate Palmolive Co: 3.46% | 2.22% | 4.6%

$HCA | HCA Healthcare Inc: 5.8% | 7.4% | 8.03%

1
Reply
Share
Report
Save
Follow

AVERAGE EARNINGS MOVE | LAST MOVE | IMPLIED MOVE FROM ATM OPTIONS PRICING

2023-01-23

$BKR | Baker Hughes Holdings LLC: 5.82% | 2.41% | 8.85%

$LOGI | Logitech International SA: 8.06% | 14.95% | 9.17%

​

2023-01-24

$JNJ | Johnson and Johnson: 3.36% | 1.96% | 2.49%

$TXN | Texas Instruments Incorporated: 4.28% | 2.24% | 4.93%

$DHR | Danaher Corporation: 4.07% | 7.55% | 5.9%

\$GE | General Electric Company: 6.51% | 7.81% | 5.25%

$UNP | Union Pacific Corp: 4.44% | 7.9% | 2.9%

$LMT | Lockheed Martin Corp: 3.93% | 8.71% | 3.6%

$MSFT | Microsoft Corporation: 4.73% | 5.07% | 4.85%

$VZ | Verizon Communications Inc: 3.41% | 7.94% | 4.35%

$RTX | Raytheon Technologies Corporation: 3.27% | 7.4% | 3.3%

​

2023-01-25

$ASML | : 4.69% | 9.83% | 4.5%

$NOW | ServiceNow Inc: 8.06% | 6.8% | 7.88%

$FCX | Freeport McMoRan Inc: 9.07% | 6.51% | 5.59%

$NEE | NextEra Energy Inc: 3.03% | 3.2% | 6.7%

$CCI | Crown Castle International Corp: 3.36% | 5.17% | 6.07%

$TSLA | Tesla Inc: 6.98% | 3.31% | 9.59%

$LRCX | Lam Research Corporation: 5.65% | 10.45% | 5.87%

$LVS | Las Vegas Sands Corp: 5.46% | 7.16% | 6.8%

$USB | US Bancorp: 3.68% | 4.29% | 3.77%

$IBM | International Business Machines Corp: 5.65% | 4.05% | 4.89%

$T | AT&T Inc: 4.48% | 8.88% | 4.68%

$BA | Boeing Co: 5.47% | 9.99% | 4.91%

​

2023-01-26

$SAP | : 3.62% | 3.56% | 7.0%

$MA | MasterCard Incorporated: 4.36% | 2.7% | 3.97%

$V | Visa Inc: 3.97% | 1.33% | 4.13%

$LHX | L3Harris Technologies Inc: 4.56% | 1.66% | 6.74%

$MMC | Marsh and McLennan Companies Inc: 3.75% | 2.28% | 3.81%

$NOC | Northrop Grumman Corp Holding Co: 4.41% | 3.43% | 3.9%

$INTC | Intel Corporation: 7.71% | 11.83% | 7.94%

$BX | Blackstone Group Inc: 4.99% | 4.49% | 5.73%

$DOW | Dow Inc: 4.83% | 5.63% | 3.2%

$CMCSA | Comcast Corporation: 4.37% | 10.6% | 4.9%

​

2023-01-27

$AXP | American Express Company: 4.49% | 10.26% | 6.65%

$CVX | Chevron Corporation: 4.45% | 4.14% | 4.59%

$CL | Colgate Palmolive Co: 3.46% | 2.22% | 4.6%

$HCA | HCA Healthcare Inc: 5.8% | 7.4% | 8.03%

1
Reply
Share
Report
Save
Follow

FCX, BHP, TECK and a cdn company called First Quantum FM.to

1
Reply
Share
Report
Save
Follow

Protests in Peru gonna fuck with copper supply... BB says up to 2% of the global supply.

Copper miners gonna rip!

BHP, FCX, SCCO!

1
Reply
Share
Report
Save
Follow

Today I bought a little bit of GOOG, BTU (coal), FCX (copper), along side my index funds. I'm definitely very late on FCX but long term very bullish on copper. Just nibbling for now even though prices are near ATH. Copper could go wildly up or down in the short term.


The more I read about the bear cases of BTU, the more I realize how much misinformation there is out there.

Critique: Thermal coal prices are at sky high levels and will come down, hurting BTU.

Response: Spot prices are very misleading, as BTU got its past year of record cash flows at much lower, locked in prices. Even if coal prices come down substantially (40, 50%), BTU's 2023 cash flows are already locked in (a few months back) at higher prices than before. So a deteriorating coal market would still see BTU thriving.

Critique: Natural gas prices in the West are cooling, making thermal coal less competitive.

Response: Most of BTU's thermal coal market is going to North Asia from Australia, and this has a lot less to do with bearish trends in Europe/US natural gas markets. China/India are ramping up coal fired power plants this decade, China especially so before its climate commitments start to kick in. China recently lifted import bans on coal from Australia, where BTU has operations.

Other points:

  • From Twitter: "$BTU has $2.0B ($12.5 / share) of unrestricted cash (rn, Dec 31) on a 3.7B market cap and is run-rating at $500M+ of FCF / quarter for the rest of ’23."
  • Also from Twitter: "BTU has $3.8B and retains $1B as operating cash." (Jan 7th)
  • Cheaper crude/diesel benefits the company since it consumes a lot of diesel in its operations ($10 fall in crude = $27 million in savings)
  • Met coal markets benefits from China reopening

For context the company currently trades around $28 a share and has a market cap of $4B. So it has nearly as much cash as its total market cap. Once it is released from its shackles (debt covenants put in place after near bankruptcy in 2020), likely this quarter due to its successful deleveraging, expecting a mountain of share buybacks and dividends. Unless it does something stupid like a big acquisition.

Who to follow on Twitter for more DD? @tradedollarnut, @8750Capital, and Matt Warder.

1
Reply
Share
Report
Save
Follow

FCX, but now is overbought

1
Reply
Share
Report
Save
Follow

what are you talking about

FCX is up +70% in 70 days img

1
Reply
Share
Report
Save
Follow

Let's consider the possibility, that maybe millennials might be wrong. And there is a possibility that this time isn't different. If you don't know what you are doing you are buying bonds.

However if you think this time is different you are BTFD in $AMZN. $AAPL, $TSLA. If you think that cycles repeat themselves you are buying $FCX, $XOM, and $GOLD.

One of these 2 investors is up over the last 52 weeks. Can you guess which?

1
Reply
Share
Report
Save
Follow

Yeah if you are buying Coca-Cola here you might be buying the top. If you are buying $FCX, $GOLD, or $XOM you might be buying a stock in the 3rd inning of a blowout to the upside.

My 2 cents

1
Reply
Share
Report
Save
Follow

I finally went in and entered some commodity positions just for fun: Bought a share of AMR (coal), 9 shares of BTU (coal), 2 shares of FCX (copper) in my Roth. Definitely missed out on the China trade but this will have a lot more to go in my view. BTU is a bet on management not doing something stupid in the near future.

1
Reply
Share
Report
Save
Follow

These Miners are making sick moves... FCX, GOLD, BHP, TECK, AA, LUNMF.

Don't think it stops anytime soon either.

Ghyna reopening and USD cratering.

1
Reply
Share
Report
Save
Follow

how cum no one has posted DD on FCX shit is up 20% in 5 day fuck

1
Reply
Share
Report
Save
Follow

FCX and Copper for the win!

1
Reply
Share
Report
Save
Follow

I like them for companies you bought into that go on runs and become overpriced. Like ALB last year for me. Bought in at 200 happily, when it started steamrolling past 300 I decided it was overpriced and set stop loss then it triggered and sold on the way back down to 215 then I bought in again. After the last few days I set a stop loss for FCX as well.

1
Reply
Share
Report
Save
Follow

I’m getting the first signal that SPY might be reversing and going down. On days like this, I watch for CAT to start going down as a signal that SPY might be next. Now I’ll watch FCX also to see if copper is going down too.

1
Reply
Share
Report
Save
Follow

Fertilizer stocks / prices have been getting destroyed recently though. Is this something you anticipated, and does this leave your investment thesis into MOS unchanged?

I am definitely very keen into commodities right now. My positions:

  • $XOM (up 34%, not adding and haven't been. 2% of portfolio)
  • $PSCE (-2.5%. I add every now and then, just shy of 2%. This is small cap energy ETF). Extremely cheap valuations relative to $XLE.

What I am interested in:

  • $FCX. Very bullish on copper, more so than oil. I'm just waiting for the right entry point but worry I will miss it.
  • Coal stocks. Most interested in $AMR and $BTU, the cheapest of the bunch. Whitehaven coal also caught my eye, as they should benefit from China importing from Australia after relaxing the rules. BTU should have its debt covenents lifted soon and unleash shareholder returns hopefully. And AMR is just very cheap and already doing heavy buybacks.
  • Steel: I'm less familiar with this part of the market... I've heard good things about X, but really am not sure going into a global slowdown is the right time to buy steel.
  • Aluminum: Alcoa caught my eye but the market seems too volatile for me. China dumping the market and it seems supply can come online very quickly.
  • Same story with Lithium, supply coming online quickly.

So really what I would add to if at all are: FCX, and one of BTU or AMR this year.

1
Reply
Share
Report
Save
Follow

That's why you need to diversify into the commodity stocks. As I mentioned above I like $GOLD, $CLF, $FCX, and $MOS over the $XLE stocks right now at current valuations.

Anytime you are looking at any commodity stock/company, whether it is Crude Oil, Coal, or Gold; price matters more than volume. The price of the commodity the company drills/mines/produces will move the stock and company's profitability higher than the quantity of the commodity drilled/mined/or produced.

$FCX makes way more money on the price of copper being up by 10% than their mining production being up 10%. Just look at all the $XLE stocks the last 2 years. Exxon didn't increase it's market cap by increasing production. It was the increase in the price of crude oil.

Now I agree with you on the stocks P/E's looking low after the stocks are coming off ATH's in quarterly/yearly earnings. But you have to look beyond 1-3 years. Where is a company like $IPI or $AG, or $VALE trading at compared to 2, 5, or 10 years ago? Some of these stocks are trading at levels lower than 2017 when the commodity in question was trading at 50% discount to today's commodity futures price.

1
Reply
Share
Report
Save
Follow

I haven't seen a single topic about US mining stocks

FCX is up 52% from 6m lows and it still has amazing financial rateos, copper and gold about to skyrocket this year and that company has 18% profit margin

oil stocks have 9% profit margin on average and see what happened

1
Reply
Share
Report
Save
Follow

Got Leaps in BA, FCX, NU and EEM.

Up on 2/4 so far...

1
Reply
Share
Report
Save
Follow

I don’t know about “best”, but I imagine FCX or RIO are decent options.

1
Reply
Share
Report
Save
Follow

FCX, Meta, SBUX, PSCE

1
Reply
Share
Report
Save
Follow

Copper gang!! Sold FCX after holding for years.

1
Reply
Share
Report
Save
Follow

Am I getting too greedy hoping $MU falls to pandemic lows of $42-$43 before opening a position? I own no tech stocks, but Micron always seemed interesting to me in a commodity type of way. Like chip fab could be considered the new copper miners like $FCX.

Or $TSM around $45-48? Maybe diversify and buy both $TSM and $MU?

1
Reply
Share
Report
Save
Follow

I'll have to check out WIRE.

I have LUN.to, BHP, TECK and FCX Leaps as my copper plays. I'd look into CO and ZN as well... used a lot in batteries as is graphene.

Around 150 lbs of CU in a Tesla and who knows how much in a windmill.

1
Reply
Share
Report
Save
Follow

A couple things. $GOLD and the other $GDX stocks are not Gold. They are very volatile stocks. If you want low risk than just buy $GLD or $PHYS which are physical Gold funds.

As for Barrick, it is my largest stock holding, as I believe that we are in a very similar market compared to 2001-2007 and 2009-2012. Gold outperformed the S&P in these time periods and the $GDX stocks have the potential to 2-3x the actual Gold price movements. Barrick in my opinion is the best run Gold miner.

The downside risks are IF Barrick $GOLD input costs exceed and rise faster than the appreciation value of physical Gold than their profitability suffers. But that risk in my opinion is why you want to own the big boy mining stocks ($GOLD or $NEM) since they are well capitalized compared to some of the smaller junior miners.

https://www.reddit.com/user/AP9384629344432/ mentioned Copper. I do like and own $FCX. I do agree copper is in a long term bull market, but if we are talking the near term, I would actually go with Silver which has been in an accumulation stage July 2022. $HL and $FSM are the 2 silver miners I like the most there. Hecla is prolly the safest silver miner as they are a US mining company.

If you enter these stocks thou, expect volatility. They can drop 10% or more in a week week after you buy and enter a position. The upside is they also move quite quickly to the upside as well. My tax lots in $FSM for example are up over 40% since August 2022.

Good Luck.

1
Reply
Share
Report
Save
Follow

I think Gold will do really well in the next year and just watching the miners on Friday... money seems to be headed there.

I own BHP, LUN.to, TECK, FCX, VALE and ALB.

I think Copper is on a bull run for the next 5 years at least. EV and windmill demand will be insatiable. FCX, LUN and TECK are primarily copper but many of these miners have exposure to all precious metals because they are often found together.

My Lithium plays are ALB and looking at a risky but moon shot... LIACF.

1
Reply
Share
Report
Save
Follow

Copper: FCX/Teck, but I've been waiting to get in.

Here's a lengthy report from Goldman Sachs on the bull case for copper: link. It's a lot more than EVs. Wind turbines, EVs, electric grid infrastructure, solar panels, construction sector, ...

1
Reply
Share
Report
Save
Follow

The mining stocks are outperforming today. Stocks like $FCX, $FSM, and $GOLD just turned my port Green for the day. Copper, Silver, and Gold.

1
Reply
Share
Report
Save
Follow

Quad witching tomorrow... one of the biggest expirations in years!

Funds positioning for the New Year... money been sloshed about. Because there are so few names that are going to hold up in a recession I think certain names could really rip tomorrow.

ALB, BA, CAT, DE, CRM, FCX, RTX

1
Reply
Share
Report
Save
Follow

Thoughts on where big money is positioning for next year?

Miners: BHP, FCX, RIO, TECK, GOLD

Defence: BA

Retail: LULU

1
Reply
Share
Report
Save
Follow

You want divvy players with strong cash flow and good balance sheets.

WM, LAND, FCX, BHP... are some that I've recently picked up.

1
Reply
Share
Report
Save
Follow

>...unless, of course, it's the result of gambling luck, or someone making what they felt was a legitimate move but whose reasoning is actuality no more logical than a Vegas wager.

I am up close to 100%, but there is always a lot of luck to get those returns. Buffett beat the index handily over 55 year+ and he has 20% returns. Also I usually go to where most wouldn't buy in.

​

>If so, and you're one of those aforementioned, please share with us your future investment plans.

Lots of luck, but if someone wants to listen.
My ideas for what will perform in 2023 here:

  • LATM oil stocks (like $PBR, $EC, $YPF)
  • Coal stocks (like $BTU, $WHC)
  • Diversified Metals/Energy like $GLEN $FCX $TRECK $VALE
  • Japan
  • Silver & Silver Miners
  • Uzbekistan
  • US Value (like Fairfax etc)
1
Reply
Share
Report
Save
Follow

Copper? Yields? FCX?

1
Reply
Share
Report
Save
Follow

Watching: BJ- BJs wholesale. Similar business to Costco, but at much better valuation. They got way over leveraged a few years ago, but are paying it down and expanding into new markets. Interesting below $66.

KNSL- Kinsale capital. Niche insurance provider expanding constantly. Interesting below $250.

OXM- oxford. Maker of Tommy Bahama and a few other brands. Upper class clientele and and interesting niche as beach and leisure is big. Trading very cheap compared to it's peers, interesting below $100.

DAR- darling ingredients. One of my largest holdings, but it's fallen off a cliff lately. They've made a lot of international acquisitions lately, which is a great move with the strong dollar. They also have another green diesel refinery opening next year, and with a diesel shortage, this is like minting cash. I'll add more below $60.

WAL- western alliance bank. Regional bank in a fast growing market. It's trading very cheap, and their average interest rate has started to creep up, which means more income. I think this trend will continue. Great deal below $55. There's a few other regional banks I'm eyeing as well, but no need to type them all out.

Copper/gold miners. FCX, SCCO, AEM, and for the adventurous IE. Falling dollar and under production of copper should make an interesting market for the next few years. I missed the last drawdown, but it's highest priority for me if it drops again.

1
Reply
Share
Report
Save
Follow

BLNK Blink Charging Co. $14.47 per share

LAC Lithium Americas Corp. $23.99 per share

FCX not to be confused with FTX.. NO.. FCX for Freeport-McMoRan Inc $38.99 per share

1
Reply
Share
Report
Save
Follow

They're the same.

I'm looking to play the EV boom.

I own AA, BHP, ALB, FCX, MP and CCJ but this is obviously uranium.

ALso looking into Vanadium right now... LGO.

1
Reply
Share
Report
Save
Follow

GOLD is a good gold company. FCX is good for copper.

1
Reply
Share
Report
Save
Follow

Gold & miners are 1/4 of my port. 1/4 in Oil & Gas stocks; 1/4 in commodity stocks like $FCX, $GGB, $CLF, and $MOS. 1/4 in manufacturing such as $DE, $TWI, $TITN, and $GT and the ilk.

I believe we will see a less global economy due to countries & economies becoming less reliant on cheap energy from Russia and cheap goods from China. This will create cost-push inflation vs the demand-pull inflation that everyone is betting on.

EM markets will do well. Especially Brazil. The EU may outperform the US after the war ends due to their more manufacturing economy vs the US tech heavy economy.

I maybe wrong, but this is where I see the highest reward and the lowest risk for the next 3-5 years. We have had 30 plus years of deflationary tailwinds due to a global economy. The last 2 years signal to me that peak globalization is now over. That is not good for tech stocks that are overly reliant on cheap microchips and components from China.

1
Reply
Share
Report
Save
Follow

Anyone know why FCX is up 20% in the last month? Sold my shares a while back, but curious what's been going on as I keep seeing it pop up on the list of market movers.

1
Reply
Share
Report
Save
Follow

Don't fuck around with AAPL Peeps. This Ghyna thing is a real millstone around their neck.

Look at materials in regards to Ghyna re-opening... ALB, SQM, BHP, TECK, FCX... any of thoe are much better plays... imho.

1
Reply
Share
Report
Save
Follow

Don't forget copper, analyst's wrote that for any energy transition to occur will require a massive expansion of copper mining. FCX and Ivanhoe Mines are a couple large caps to take a look at.

1
Reply
Share
Report
Save
Follow

beginning my hostile takeover of the mining industry. One share at a time. FCX CCs

1
Reply
Share
Report
Save
Follow

Amzn Googl Schd Fcx JNJ

1
Reply
Share
Report
Save
Follow

MSFT, AAPL, AMD, FCX, LEU

1
Reply
Share
Report
Save
Follow

appreciate your thoughts. My main focus right now is to try to get good exposure to base metals. But it seems RIO and VALE are to concentrated in iron and FCX is too US centric. I like the idea of SBSW bc I think they see the need to branch out but their legacy mines are suffering from labor issues

1
Reply
Share
Report
Save
Follow

SCCO , FCX are great copper and etc, mining companies and they have great dividends

1
Reply
Share
Report
Save
Follow

buffett is late to the party

FCX is a buy

1
Reply
Share
Report
Save
Follow

I was doing the majority of my port in options plays but this kangaroo market and vix nonesense has made things wack as fuck

Made alot trading FCX Freeport McMoran shares in the last week (5days)

Might only use 20% of port for options now lol. I was being kind of agressive making a shit ton when we drilled for like 3 weeks straight into the 52 week lows on spy.

Gonna try and hold onto some of those profits and go boomer for a little bit. Got some ETF's I really like and will try out passive for a little while to see if I'm bored to tears.

1
Reply
Share
Report
Save
Follow

is FCX a good wheel stock?

1
Reply
Share
Report
Save
Follow

Money gonna flow into commodities after this fake money fiasco...

Gold, silver and especially Copper.

BHP, FCX, TECK, VALE, AA all set to rip.

1
Reply
Share
Report
Save
Follow

>There is still a fixed number of coins, right? This is still the underpin that holds it together I think. It never really mattered whose hands they were in, so whether they are hacked from FCX, or tied in an arbitrage trade, or just sitting in someone’s cold storage, they still have the same intrinsic value as they did last Saturday (whatever that means). Conversely however, it’s all of the other “misc” coins like FTT that got cross collateralized—those are the real weakness in the infrastructure, because THIS is what ultimately dilutes Bitcoin by allowing them to be exchanged for (and thus valued in parity with) BTC. What that means for BTC long term, it’s hard to say.

feel free to argue the monetary value of some databases and hash tables. at the end of the day, these securities is only worth what the next buyers are willing to pay for it. if ppl who believes in these securities keeps getting their asset destroyed, I don't see how the value can keep going up unless new money is brought in.

there is a term to describe this: ponzi scheme.

1
Reply
Share
Report
Save
Follow

Here’s my question—

Actually first, the ETF’s: Yes, just watch what’s happened with some of the miners to get an idea of “what’s possible.” A liquidity crunch is coming in the space, and (maybe with the exception of a couple of the bigger, more well capitalized organizations), many will most likely face bankruptcy or be forced to sell holdings, which will diminish future earnings growth/potential.

But now here’s my question re: Bitcoin per se—

There is still a fixed number of coins, right? This is still the underpin that holds it together I think. It never really mattered whose hands they were in, so whether they are hacked from FCX, or tied in an arbitrage trade, or just sitting in someone’s cold storage, they still have the same intrinsic value as they did last Saturday (whatever that means). Conversely however, it’s all of the other “misc” coins like FTT that got cross collateralized—those are the real weakness in the infrastructure, because THIS is what ultimately dilutes Bitcoin by allowing them to be exchanged for (and thus valued in parity with) BTC. What that means for BTC long term, it’s hard to say. But because most of these companies trade around more than just the price of Bitcoin, I see them having to raise capital in order to continue operating. That means secondaries and dilution, that means debt offerings, and that means cutting into muscle if they are going to try and avoid bankruptcy. Either way, 6 mo. out it most likely means BTC ETF’s are (a lot) lower. Key support was beached this week, so it’s hard to tell where things will go in 2-3 weeks, but whatever direction the ETF’s go, most of the move will probably happen in the next 14 days.

idk. Just thinking out loud.

1
Reply
Share
Report
Save
Follow

Swung FCX for 10% over the last two days. That and some GDX calls were the only things I touched in this delusional rally.

1
Reply
Share
Report
Save
Follow

Natural resources copper like FCX.

1
Reply
Share
Report
Save
Follow

I closed out my big FCX trade at the top this morning, just took a bath with Epsom salts and a joint relief bath bomb thing, smoked a joint in the tub, and now I’m gonna take a nap. Fuck this joke market today. Treat yo self

1
Reply
Share
Report
Save
Follow

Alcoa up 14%. $FCX up 6%. $VALE up 9%. $MOS up 3%. I'm sure glad we have hit peak inflation and commodities are falling. /sarc

The Fed can influence demand with rising interest rates. But as we are seeing time and time again, all the central banks in the world can't increase supply. Inflation is not going away.

1
Reply
Share
Report
Save
Follow

FCX Freeport mcmoran got me up 9% in two days. Good shit.

1
Reply
Share
Report
Save
Follow

It looks like the copper trade is on. $FCX is up big this morning. The iron ore/steel stocks like $VALE and $CLF are as well. The growth must be coming from somewhere outside the USA.

1
Reply
Share
Report
Save
Follow

I like $FCX for copper.

1
Reply
Share
Report
Save
Follow

Yeah I had sold almost all puts yesterday just because they were up so much. I don’t mind taking profits at anything over 30%. My one open long spy put and one open IwM put got killed but they were basically free rolls and I expect to get some of those losses back. I made up the losses on GDX calls and FCX calls

1
Reply
Share
Report
Save
Follow

Yeah the energy transition cannot happen without copper. People haven't yet copped on to the magnitude of change that is happening and the magnitude of supply growth that will be required to address it. I was in FCX and sold at 36 when it first popped up (got in at single digits). Then it didn't pull back and I missed out on some good gains. I'll be buying again soon as I have a feeling (or a hoping lol) that it will come down a little bit more.

1
Reply
Share
Report
Save
Follow

Copper companies. FCX, SCCO, TECK...

We need a ton of copper for electrification. Currently the price is below what it should be to make a lot.of mines profitable. Either copper prices rise, or supply goes down and then copper prices rise.

1
Reply
Share
Report
Save
Follow

A huge part of the recession is inflationary. A good bet in environments like this in the past is to buy commodity producers. When the money machine started brrrrrrring I went hard on XOM and FCX. XOM has hit, but FCX is still at an attractive price imo.

1
Reply
Share
Report
Save
Follow

Wait until the low is in next year. 250K on TSLA. 125K on each of: BHP, VALE, FCX, GOLD, PAAS, XOM. If I could put 50% of each of these positions on via LEAPS, I would. Have dividends auto reinvest if possible, otherwise enjoy the income.

1
Reply
Share
Report
Save
Follow

Defence- LMT, RTX, ITA etc

OIL- Pick anyone... plus pipelines... ENB.

Commodities - Especially strategic ones... FCX, MP, ALB, LAC

Health Care- No government intervention.

I think renewables might take a hit though.

1
Reply
Share
Report
Save
Follow

The death of oil will come by 1000 cuts. It will slowly happen. There will be ramp up time. We can participate now and embrace the change or we can go kicking and screaming. Change will happen either way.

Reality? I love my electric car, love passing by gas stations joking with my passengers saying that I need to stop for gas. I love that I can go close to 300 miles for about $9 in energy costs, which I only pay if I’m not plugged in at work. I love the fact that I can go with geo-thermal heat/cool on the next house I build. I love that I can have solar panels charge a battery wall in my house and I can add electricity to the grid to defray my costs.

Green agenda? Hell yeah. Changing of the energy guard. Love it. Good luck with the uranium investment, should pan out. I like MP materials and FCX myself as they see themselves in a global mining boom

Just remember that there are smarter people out there than us and they will continue to optimize. Never say renewables won’t power the world. Some day, I’m sure they will.

I think we should give it a shot and then optimize from there. That’s how we got here so far.. taking ideas and making them better.

1
Reply
Share
Report
Save
Follow

I went big into the miners about a month ago... FCX, AA, BHP, MP, TECK, ALB...

Gold will work but I think any materials play just might.

1
Reply
Share
Report
Save
Follow

I am buying more Barrick $GOLD tomorrow. There are a lot of headwinds like increased production costs due to inflation. Their gold mining production/volume dropped a bit from last year. They have a variable dividend which is a base of 10 cents/qtr and this upcoming quarterly dividend was cut from an extra 10 cents to 5 cents. So this upcoming quarter's dividend is reduced from 20 cents to 15 cents. The stock also seems to have very little to no support so the bottom prolly isn't in.

But they also mine a lot of copper and their forward P/E is cheaper than $FCX. And I do believe Gold prices will rebound even if Gold only rebounds when all other equities do. And I do think most people forget just how much copper that Barrick does mine making it one of the cheapest copper mining stocks to own. When Gold prices also rise, than you have a 2x multiplying factor.

2
Reply
Share
Report
Save
Follow

Company: Freeport-McMoran ... ($FCX)

Market Cap: $44.4B
Revenue (L12M): $23.2B
Profit Margin: 16.7%
PE Ratio: 10.85

Dividend Yield: 1.9%
EPS: -99999.99
Return on Equity: -9999999.0%
Beta: 1.946

Current Price: $32.94
Analyst Price Target: $36.38 (+10.4%)

Want more info? Just reply with command + ticker:

  1. status - short-term trend
  2. funda - company fundamentals
  3. zoomout - long-term trend
  4. macro - macro trends (No ticker required)
  5. vs - Compare performance of any two stocks/indices e.g AAPL vs TSLA, GOOGL vs SPY
  6. help - see list of commands

Examples: u/askstockbot status AAPL, u/askstockbot TSLA vs GOOGL

1
Reply
Share
Report
Save
Follow

to prepare; check the forecast from last week against what actually happened (same source) LAST WEEK

Most Anticipated Earnings Releases October 17th, 2022 Implied moves for earnings LAST week:

$NFLX 13.2% $TSLA 9.7% $SNAP 19.0% $BAC 5.3% $GS 5.4% $WHR 8.2% $SAM 9.2% $CSX 5.1% $THC 8.6% $VZ 5.0% $AXP 6.1% $RF 5.2% $IBM 6.2% $AA 10.7% $LRCX 8.1% $LVS 8.0% $KMI 4.0% $WDFC 8.6% $CCI 5.2% $PPG 5.1% $EFX 7.3% $AAL 8.1% $T 5.2% $NOK 7.4% $FCX 8.0% $DOW 5.4% $UNP 4.3% $UAL 8.0% $JBHT 5.7% $ISRG 7.4% $IBKR 5.2% $SCHW 6.5% $JNJ 3.0% $LMT 4.4% $HAS 6.6% $ABT 3.9% $ASML 7.6% $NDAQ 4.8% $PG 4.6% $WGO 8.0% $TRV 4.2%

1
Reply
Share
Report
Save
Follow

Fcx missed earnings by over 16%. They have a 5%+ green day today

1
Reply
Share
Report
Save
Follow

FCX missed everything on earnings. They up +6%. That's all you need to know about fake market. Buy Puts.

1
Reply
Share
Report
Save
Follow

#I called FCX yesterday (up 7%) now im calling HOOD

1
Reply
Share
Report
Save
Follow

Whoever said FCX calls yesterday, thank you for the 100%

1
Reply
Share
Report
Save
Follow

#youre welcome everyone who I told to buy calls on FCX. Up 5% already. LFG

1
Reply
Share
Report
Save
Follow

FCX huge beat 😘😘

1
Reply
Share
Report
Save
Follow

This Tesla talk is t going to end so I am eying a put scalp on FCX Freeport mcmoran. They missed earnings and I think the headwinds for metals are huge. It hasn’t moved too much after they released earnings pre market. I think you could grab ours at open and sell em later today

1
Reply
Share
Report
Save
Follow

#FCX earnings bout to be going up

1
Reply
Share
Report
Save
Follow

Congrats to those who jumped on the FCX train early 💰💰💰💰🤤

1
Reply
Share
Report
Save
Follow

#FCX about to hit green baby. Calls for earnings tomorrow.

1
Reply
Share
Report
Save
Follow

#FCX about to go green

1
Reply
Share
Report
Save
Follow

FCX for a copper play. Get in before it skyrockets.

1
Reply
Share
Report
Save
Follow

FCX that is all

1
Reply
Share
Report
Save
Follow

#u want a lotto? FCX earnings. Calls.

1
Reply
Share
Report
Save
Follow

#FCX is the play

1
Reply
Share
Report
Save
Follow
Recent Tweets
Capital 10X "This is clearly a very attractive investment backdrop for #copper miners" Duane discusses his picks Amerigo & Lundin Mining. My favourite producer picks: $IVN.TO $TECK $FCX & I believe $ABX.TO has rather interesting potential as they add to their copper portfolio.
1
2
8
$FCX *ALL THESE LEVELS POSTED AHEAD OF TIME BEFORE THE MARKET OPENED.. https://t.co/AMj3zB4yrF
0
0
0
$FCX Top analyst price target for the week,~ 🔗https://t.co/klVgjB6Zig
0
0
0
Copper Rallies on China Reopening ⚒️ The Miners to Have on your Radar ◾️Reopening is bullish for #copper: supply disruptions + low inventory ◾️Best value among miners: Amerigo Resources $ARG: 8% dividend yield & Lundin $LUN - discount to NAV Full report: https://t.co/AZ4LmvOVFf https://t.co/kkFKDhHl5u
5
5
17
$FCX our only long term play, is up +66% from the time we liked the stonks.
1
1
15
Gotta love capitulation upgrades. $FCX https://t.co/gwunnWSM4h
8
0
33
Dr. Copper doesn't seem to be pricing in a global recession. $COPPER bottomed in July and has since rallied more than 30%. $FCX $SCCO https://t.co/bbJqfHQw5F
5
6
23
Pre-CPI hits: - If market is green = CPI will be hot. - If market is red = CPI will be lower than expected. Anyway $DXY : $$$ either rally from here or plunge and ignite more powerful rally in inflationary names like $FCX, $NUE, $CAT, $DE Market believes FED is a pussy still. https://t.co/bnLQZvyiWt
3
3
19
The rsi on $Fcx is way overbought this is due a sharp pullback https://t.co/Ul4r9fAkz5
2
0
13
$1K still gets you a decent amount of #copper. Lots of room to run! $FCX @VisualCap https://t.co/aqbMRKkPyF
3
24
70
The same people yapping about copper prices telling us we were approaching a deflationary period haven't said anything about the meltup... $FCX
0
0
2
Huge loosening of financial conditions last two days
30
14
212
The biggest copper & steel stocks look like this. #bullish $RIO $VALE $SCCO $FCX $COPX $SLX $ILF https://t.co/mBcB0Bh4TD
8
18
99
$FCX technical alerts: Expansion Breakout, Pocket Pivot, MACD Bullish Signal Line Cross, Upper Bol... https://t.co/mrm0KjNlyv
0
3
2
$FCX +6% in Friday's trading, placing it near the top of the day's S&P 500 leaderboard and capping an 11% gain for the week, as #copper prices rise on hopes that China's efforts to boost its economy will improve demand for metals. https://t.co/HAgnLzifXB
4
9
54
copper $FCX 42.22+2.38 (+5.96%) As of 10:41AM EST. Market open. No one likes an "I told you so." ....but I did. And I've probably posted about copper as much as I have about PMs, over the last month or two. And you can find many of my posts discussing FCX. https://t.co/M035ux0ijT
0
3
8
#copper $CPER $FCX 2 sleeping giants to awaken & rise: silver & copper are acting like "identical twins" performance-wise. CPER had record high vol. today, just like it did about a week ago. FCX has sudddenly come to life today! 5-day chart IDs multiple-green bars of volume. DD https://t.co/buVfcTbo47
0
4
9
#copper $RIO $FCX $COPX $CPER $JJC Copper is about to rise like the proverbial phoenix. Ironically, copper & gold producer FCX is headquartered in Phoenix, AZ. This stock is going to surprise all of us. Copper below $4.00 will soon be distant history. Opportunities Galore! DD https://t.co/UuL1peZxYB
1
3
12