Freeport-McMoRan is a leading international mining company primarily engaged in the extraction and production of copper, gold, and molybdenum
The company operates large-scale mining operations in various regions, including North America and South America, where it focuses on delivering high-quality metal resources. Beyond mining, Freeport-McMoRan is involved in exploration activities to identify new mineral resources and employs innovative techniques to enhance sustainability and efficiency in its operations. The company's commitment to responsible resource development reflects its dedication to minimizing environmental impact while providing essential minerals that contribute to numerous industries worldwide.
It has been said many times over decades that copper is an excellent canary in the proverbial coal mine for judging where the economy is heading. May I direct your attention Freeport McMoRan (FCX).
Stocks surged higher as investors reacted positively to dovish tariff news; next week will be highlighted by the Federal Reserve meeting and some tech earnings
FCX stock is down after the company after lighter-than-expected revenue; despite short-term headwinds, demand for copper could make the stock a long-term play
Wall Street traded slightly higher during midday Thursday as investors assessed the ongoing earnings season while closely monitoring policy signals from President Donald Trump.
Freeport-McMoRan exceeded market expectations in Q3 with $6.79 billion in revenue and strong copper and gold sales. The company expects strong Q4 results with 1 billion pounds of copper and 450 thousand ounces of gold.
Technical analysis is the way to understand price action in the short term. But you can’t ignore fundamentals, the forces that dictate, more than anything, the long-term performance potential of stocks.
