Freeport-McMoRan (FCX), a top momentum stock, has shown significance declines in short interest and has outperformed the stock market. Large investment groups such as Advocate Group LLC, Worth Financial Advisory Group LLC and Dupont Capital Management Corp have adjusted their positions in the company's stock. FCX has also been upgraded by Scotiabank to a Sector Outperform Rating. There is an increasing investor interest in the stock due to its significant potential to benefit from the expanding copper shortage. Jim Cramer recommends investing in FCX and hedging with gold. FCX's recent performance may reflect its financial health as it seems to have completed a share buyback of US$1,974 Million. The company's US-based footprint might serve as an advantage amongst potential tariffs impacting copper import. Experts suggest FCX as a good value stock and a potential mineral stock to invest in. The company's stock saw a downturn with (-25%) in the last three months but hinted to a rebound with 28% price jump recently.
Freeport-Mcmoran FCX News Analytics from Thu, 16 Jan 2025 08:00:00 GMT to Sat, 21 Jun 2025 10:22:21 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor -4
