Ultime notizie per Freeport-McMoRan (NYSE:FCX) Azioni

Freeport-McMoRan

Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.

Freeport-McMoRan Inc

First Capital REIT

News

Analyst Ratings

Trading Ideas

On CNBC, Stephanie Link Announced Bought Gap, Inc., Bought Las Vegas Sands, Bought More Freeport-McMoRan

<p>As of Sept. 27, 2024, four stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>)</strong></h3>
<ul>
<li>On Sept. 25, Freeport said its Board of Directors declared cash dividends of 15 cents per share on FCX&#8217;s common stock payable on Nov. 1, to shareholders of record as of Oct. 15. The company's stock gained around 17% over the past five days and has a <a href="https://www.benzinga.com/quote/FCX">52-week high of $55.24</a>.</li>
<li><strong>RSI Value:</strong> 76.95&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>FCX Price Action:</strong> Shares of Freeport-McMoRan gained 7.5% to close at $51.91 on Thursday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Mp Materials Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>)</strong></h3>
<ul>
<li>On Sept. 3, MP Materials approved a $300 million increase to the company&#8217;s existing share repurchase program, bringing the total authorized amount to $600 million. &#8220;We remain very confident in the long-term value of our assets and the MP platform,&#8221; said James Litinsky, Founder, Chairman, and CEO of MP Materials. &#8220;As we have consistently stated, subject to continuing to maintain a fortress balance sheet, we expect to be opportunistic in our approach to capital allocation to create value for shareholders.&#8221;The company's stock gained around 20% over the past five days and <a href="https://www.benzinga.com/quote/MP">has a 52-week high</a> of $20.85.</li>
<li><strong>RSI Value:</strong> 78.23</li>
<li><strong>MP Price Action:</strong> Shares of Mp Materials rose 4.6% to close at $16.90 on Thursday.</li>
</ul>
<h3 class="wp-block-heading"><strong>ArcelorMittal SA </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>)</h3>
<ul>
<li>On Aug. 28, Deutsche Bank analyst Bastian Synagowitz upgraded ArcelorMittal from Hold to Buy and raised the price target from $29 to $31. The company's stock gained around 10% over the past month and has a <a href="https://www.benzinga.com/quote/MT">52-week high</a> of $29.01.</li>
<li><strong>RSI Value:</strong> 72.57</li>
<li><strong>MT Price Action:</strong> Shares of ArcelorMittal gained 5.1% to close at $25.93 on Thursday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Southern Copper Corp </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>)</h3>
<ul>
<li>On Sept. 19, Morgan Stanley analyst Carlos De Alba maintained Southern Copper with an Underweight and raised the price target from $97 to $100. The company's stock jumped around 15% over the past five days and has a 52-week high is $129.07.</li>
<li><strong>RSI Value:</strong> 73.34</li>
<li><strong>SCCO Price Action:</strong> Shares of Southern Copper gained 8.2% to close at $120.43 on Wednesday. </li>
</ul>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/09/41055695/wall-streets-most-accurate-analysts-spotlight-on-3-real-estate-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Real Estate Stocks Delivering High-Dividend Yields</a></strong></li>
</ul>


Short Ideas

Pre-Market Outlook

Markets

SCCO

Top 4 Materials Stocks That May Implode In Q3

WIIM

TECK

Shares of copper companies are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

<p>Deep-pocketed investors have adopted a bullish approach towards Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FCX usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Freeport-McMoRan. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 57% leaning bullish and 35% bearish. Among these notable options, 3 are puts, totaling $145,820, and 11 are calls, amounting to $775,573.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $44.0 and $55.0 for Freeport-McMoRan, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Freeport-McMoRan's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Freeport-McMoRan's substantial trades, within a strike price spectrum from $44.0 to $55.0 over the preceding 30 days.</p>
<h3>Freeport-McMoRan Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727276458_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.45</td>
<td>$3.35</td>
<td>$3.4</td>
<td>$50.00</td>
<td>$247.1K</td>
<td>22.6K</td>
<td>1.7K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$50.00</td>
<td>$210.0K</td>
<td>22.6K</td>
<td>920</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.25</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$49.00</td>
<td>$82.2K</td>
<td>12</td>
<td>265</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$2.8</td>
<td>$2.6</td>
<td>$2.6</td>
<td>$55.00</td>
<td>$61.9K</td>
<td>6.5K</td>
<td>270</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$2.05</td>
<td>$2.04</td>
<td>$2.04</td>
<td>$50.00</td>
<td>$44.0K</td>
<td>12.4K</td>
<td>4.0K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Freeport-McMoRan</h3>
<p>Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod &amp; Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.</p>
<p>After a thorough review of the options trading surrounding Freeport-McMoRan, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of Freeport-McMoRan</h3>
<ul>
<li>Trading volume stands at 2,613,482, with FCX's price down by -0.24%, positioned at $48.6.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 22 days.</li>
</ul>
<h3>What Analysts Are Saying About Freeport-McMoRan</h3>
<p>Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $56.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Freeport-McMoRan with a target price of $58.<br />
&#x2A; Showing optimism, an analyst from UBS upgrades its rating to Buy with a revised price target of $55.<br />
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on Freeport-McMoRan, which currently sits at a price target of $55. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Freeport-McMoRan options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Freeport-McMoRan Options Trading: A Deep Dive into Market Sentiment

<p><strong>Freeport-McMoRan</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) shares, among other metal and mining stocks, are moving higher Tuesday after China Central Bank announced a <a href="https://www.benzinga.com/markets/asia/24/09/41007724/gold-breaks-records-on-chinas-policy-stimulus-mining-metal-stocks-exhibit-strongest-1-day-rally-in-2">new stimulus package.</a></p>
<p><strong>What Happened:</strong> The stimulus package includes cutting the reserve requirement ratio (RRR) by .5 percentage points and lowering both the loan prime rate and deposit rates by 0.2 to 0.25 percentage points.</p>
<p>In addition, the central bank cut the seven-day reverse repurchase rate to 1.5% and lowered the minimum down-payment ratio to 15%. The announcement of these economic measures comes amid a slowdown in China&#8217;s markets and could help support investment and support metals demand. </p>
<p><strong>Larry Hu</strong>, head of China economics at Macquarie Group Limited, told Bloomberg, "The purpose of today's briefing is to inject confidence into the market, judging by the fact that the authorities revealed measures in one go. The stimulus push will still need coordination from other policies — particularly follow-up policies from the fiscal side.&#8221;</p>
<p>Other copper related stocks that are trading higher following the bank&#8217;s announcement include <strong>Hudbay Minerals Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBM#NYSE">HBM</a>) and <strong>Rio Tinto Plc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>).</p>
<p><strong>How To Buy Freeport-McMoRan Shares</strong></p>
<p>Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. </p>
<p>For example, in Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>)'s case, it is in the Materials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.</p>
<p><strong>Related Link: <a href="https://www.benzinga.com/markets/equities/24/09/41010971/kbr-lands-113m-air-force-deal-to-drive-next-gen-refueling-systems-and-cybersecurity-innovation">KBR Lands $113M Air Force Deal To Drive Next-Gen Refueling Systems And Cybersecurity Innovation</a></strong></p>
<p><strong>FCX Price Action</strong>: At the time of publication, Freeport-McMoRan shares are trading 7.72% higher at $48.63, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.</p>
<p><em>Image: Photo via Shutterstock</em></p>


Movers

What's Going On With Freeport-McMoRan Shares Tuesday?

<p>Wall Street inched higher on Tuesday, with the <strong>Nasdaq 100</strong> outperforming other major indices, while cyclical sectors linked to metals and industrial commodities saw strong gains, fueled by a surprise stimulus package <a href="https://www.benzinga.com/markets/asia/24/09/41003814/chinese-stocks-jump-as-central-bank-unveils-major-stimulus-to-spur-economy-a-step-in-the-right-direc">from China&#8217;s central bank.</a></p>
<p>The <strong>People&#8217;s Bank of China</strong> (PBOC) unveiled a series of aggressive measures, including cuts to the reserve requirement ratio (RRR) for banks and a reduction in the seven-day repo rate, following a recent cut to the 14-day reverse repo rate. These moves are expected to inject roughly  $140 billion (1 trillion yuan) into the banking system, providing banks with additional liquidity to boost lending.</p>
<p>Chinese equities skyrocketed on the news, with the <strong>iShares China Large-Cap ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) soaring over 8%, marking its largest single-day gain since March 2022. </p>
<p>Commodities followed suit with copper and silver climbing more than 3% each, while gold rose 0.7%, hitting record highs for the fourth consecutive session.</p>
<p>The Nasdaq 100 posted a 0.5% gain, leading U.S. indices, while the<strong> S&amp;P 500 </strong>remained nearly flat, hovering just shy of its all-time highs. </p>
<p>The U.S. dollar weakened by 0.4% following a lower-than-expected September consumer confidence report from the Conference Board. This data has bolstered expectations for a potential 50-basis-point rate cut by the Federal Reserve in November.</p>
<p>Treasury yields fell on short-term maturities, while longer-dated yields held steady. Oil prices climbed 1.2%, though concerns about U.S. demand lingered due to the disappointing consumer confidence figures.</p>
<p><strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipped 0.2% failing to join the China-led rally across other risk assets.</p>
<h1 class="wp-block-heading"><strong>Tuesday&#8217;s Performance In Major US Indices, ETFs</strong></h1>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Major Indices</strong></td>
<td><strong>Price</strong></td>
<td><strong>1-day %chg</strong></td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,958.91</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,726.37</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,218.10</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,081.24</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption"><em>Updated at 12:30 p.m. ET</em></figcaption></p></figure></p>
<p><strong>According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:</strong></p>
<ul>
<li>The&nbsp;<strong>SPDR S&amp;P 500 ETF Trust</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.1% to $570.49.</li>
<li>The&nbsp;<strong>SPDR Dow Jones Industrial Average&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;flattened at $420.90.</li>
<li>The tech-heavy <strong>Invesco QQQ Trust Series</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.6% to $485.85.</li>
<li>The <strong>iShares Russell 2000 ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) stalled at $220.69.</li>
<li>The <strong>Materials</strong> <strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 1.2%. The <strong>Financial</strong> <strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) lagged, down 1.2%.</li>
</ul>
<h1 class="wp-block-heading"><strong>Tuesday&#8217;s Stock Movers</strong></h1>
<ul>
<li>Chinese stocks rallying Tuesday included <strong>Tencent Music Entertainment Group &#8211; ADR</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) up 14%, <strong>JD.com Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) up over 10%, <strong>PDD Holdings Inc</strong> <strong>&#8211; ADR</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) up 10%, <strong>XPeng Inc</strong> <strong>&#8211; ADR</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) up 9%, <strong>NIO Inc &#8211; ADR </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) up 8.7% and <strong>Li Auto Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) up 9%.</li>
<li><strong>NVIDIA Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rallied nearly 4% amid rising growth prospect in China.</li>
<li>Materials stocks showing the largest gains were<strong> MP Materials Corp. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) up 10%, <strong>Freeport McMoRan Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) up 7.5%, <strong>Alcoa Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) up 7.6%, and <strong>Southern Copper Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>), up 7.3%.</li>
</ul>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/asia/24/09/41007724/gold-breaks-records-on-chinas-policy-stimulus-mining-metal-stocks-exhibit-strongest-1-day-rally-in-2">Gold Breaks Records On China&#8217;s Policy Stimulus: Mining, Metal Stocks Exhibit Strongest 1-Day Rally In 2024</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Asia

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Global

Econ #s

Economics

Tech

ETFs

$BTC

BABA

SPDR Dow Jones Industrial Average ETF Trust

NVDA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Select Sector SPDR-Consumer Discretionary

XPEV

Tech Stocks Rise, Materials Sector Rallies On China's Stimulus, Nvidia Surges: What's Driving Markets Tuesday?

<p><em>To gain an edge, this is what you need to know today.</em></p>
<p><figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-24_08h10_11.png" alt="" style="width:624px" /></figure></p>
<h3 class="wp-block-heading"><strong>AI Exuberance</strong></h3>
<p>Please <a href="https://thearorareport.com/chart-analysis-stock-market-ai-exuberance-copper-oil-rise-pwr-mc-09242024">click here</a> for an enlarged chart of <strong>Quanta Services Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>).</p>
<p>Note the following:</p>
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of PWR stock is being used to illustrate the point.</li>
<li>Artificial intelligence data centers are power hungry.&nbsp; In the stock market, exuberance for stocks that help power AI data centers has reached a fever pitch.</li>
<li>The chart shows PWR stock has broken out.&nbsp; Quanta Services is a major contractor for utilities.</li>
<li>Volume on the chart shows that the volume on the breakout was higher than the recent volume, but not as high as it should have been to generate high conviction in the breakout.</li>
<li>RSI on the chart shows that PWR stock is very overbought.</li>
<li>The technical breakout is bringing in aggressive buying in PWR stock from investors who trade only on technicals.</li>
<li>The momo crowd is aggressively buying PWR stock.</li>
<li>As full disclosure, PWR stock is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio.&nbsp; The Arora Report is long from $37.&nbsp;</li>
<li>From a valuation perspective, PWR stock is now expensive.&nbsp; It is trading at a trailing PE of 56 and a forward PE of 29.</li>
<li>Yesterday, we shared with readers about China:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>Central Bank Governor Pan Gongsheng will hold a conference tomorrow.</p>
</blockquote>
<ul>
<li>China is making a big move.
<ul>
<li>People's Bank of China (PBC) is lowering its reserve requirement ratio by 50 basis points.</li>
<li>The bank has lowered its seven day repurchase rate by 20 basis points.</li>
<li>The bank may soon lower its prime rate.</li>
<li>The down payment requirement for second homes has been lowered to 15% from 25%.</li>
</ul>
</li>
<li>Chinese stocks are jumping.&nbsp; Stocks in Hong Kong jumped 4.1% and 4.2% in Shanghai.</li>
<li><strong>Investors in the U.S. should not underestimate the impact of these moves in China. </strong>&nbsp;The moves are generating position sentiment.</li>
<li>Copper, steel, oil, and other commodities are moving up on the China moves.</li>
<li>As full disclosure, Copper stock <strong>Freeport-McMoRan Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio.  The Arora Report also has a short term trade on oil ETF <strong>United States Oil ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).</li>
<li>The Conference Board's consumer confidence data will be released at 10am ET and may be market moving.</li>
</ul>
<h3 class="wp-block-heading"><strong>Magnificent Seven Money Flows</strong></h3>
<p>In the early trade, money flows are positive in <strong>Apple Inc </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and <strong>Tesla Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).</p>
<p>In the early trade, money flows are neutral in <strong>Alphabet Inc Class C</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), <strong>Microsoft Corp </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), <strong>Meta Platforms Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and <strong>NVIDIA Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).</p>
<p>In the early trade, money flows are negative in <strong>Amazon.com, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).</p>
<p>In the early trade, money flows are mixed in <strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and <strong>Invesco QQQ Trust Series 1</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).</p>
<h3 class="wp-block-heading"><strong>Momo Crowd And Smart Money In Stocks</strong></h3>
<p>Investors can gain an edge by knowing money flows in SPY and QQQ.&nbsp; Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.&nbsp; The most popular ETF for gold is <strong>SPDR Gold Trust</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).&nbsp; The most popular ETF for silver is <strong>iShares Silver Trust </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).&nbsp; The most popular ETF for oil is USO.</p>
<h3 class="wp-block-heading"><strong>Bitcoin</strong></h3>
<p><strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.</p>
<h3 class="wp-block-heading"><strong>Protection Band And What To Do Now</strong></h3>
<p>It is important for investors to look ahead and not in the rearview mirror.</p>
<p>Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.</p>
<p>You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.</p>
<p>A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.</p>
<p><strong>It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; </strong>When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.</p>
<h3 class="wp-block-heading"><strong>Traditional 60/40 Portfolio</strong></h3>
<p>Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.</p>
<p>Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.</p>
<p><strong>The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever </strong><a href="https://thearorareport.com/generate-wealth-newsletter-benzinga"><strong>Generate Wealth Newsletter</strong></a><strong>.</strong></p>


Commodities

General

AAPL

AMZN

GOOG

MSFT

TSLA

Power For AI Exuberance Reaches Fever Pitch – Quanta Breaks Out; Copper And Oil Rise On Chinese Move

Shares of copper stocks are trading higher after China Central Bank announced a new stimulus package.

<p>Analysts' ratings for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $55.86, with a high estimate of $60.00 and a low estimate of $52.00. A decline of 2.0% from the prior average price target is evident in the current average. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727110866_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>A clear picture of Freeport-McMoRan's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian MacArthur</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Carlos De Alba</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$58.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Major</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Orest Wowkodaw</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$52.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Brian MacArthur</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$53.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Sam Crittenden</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Orest Wowkodaw</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$58.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Freeport-McMoRan. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Freeport-McMoRan compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Freeport-McMoRan's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Freeport-McMoRan's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/FCX/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Freeport-McMoRan analyst ratings.</strong></a></p>
<h2>Get to Know Freeport-McMoRan Better</h2>
<p>Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod &amp; Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.</p>
<h3>Freeport-McMoRan's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.</p>
<p><strong>Revenue Growth:</strong> Freeport-McMoRan's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>15.46%</strong>. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.</p>
<p><strong>Net Margin:</strong> Freeport-McMoRan's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>9.3%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Freeport-McMoRan's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>3.58%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>1.13%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Freeport-McMoRan's debt-to-equity ratio surpasses industry norms, standing at <strong>0.54</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Where Freeport-McMoRan Stands With Analysts

<p>Raymond James  analyst Brian MacArthur   maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Outperform and raises the price target from $53 to $55.</p>


Price Target

Raymond James Maintains Outperform on Freeport-McMoRan, Raises Price Target to $55

<p>Morgan Stanley  analyst Carlos De Alba   maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Overweight and lowers the price target from $60 to $58.</p>


Morgan Stanley Maintains Overweight on Freeport-McMoRan, Lowers Price Target to $58

ACHR

AZUL

BEEM

CENX

EVTL

FLNC

GTLS

JCSE

JOBY

KALU

LICY

MVST

NRGV

PLUG

RKLB

RYAAY

SKIL

SPXC

STLD

TORO

VALE

Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

Live On CNBC, Kevin Simpson Announces Bought More Freeport-McMoRan

Shares of copper stocks are trading higher amid a rise in the metal's price after the Fed cut rates by 50 basis points at the FOMC yesterday.

Freeport-McMoRan shares are trading higher in possible sympathy with the broader market after the Fed's policy decision to cut rates by 50 basis points.

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Freeport-McMoRan</strong>.</p>
<p>Looking at options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) we detected 11 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 27% with bearish.</p>
<p>From the overall spotted trades, 8 are puts, for a total amount of $585,994 and 3, calls, for a total amount of $252,981.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $42.0 and $60.0 for Freeport-McMoRan, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for Freeport-McMoRan options trades today is 3632.83 with a total volume of 6,381.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Freeport-McMoRan's big money trades within a strike price range of $42.0 to $60.0 over the last 30 days.</p>
<h3>Freeport-McMoRan Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726505132_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$17.25</td>
<td>$17.15</td>
<td>$17.15</td>
<td>$60.00</td>
<td>$332.7K</td>
<td>15</td>
<td>195</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.4</td>
<td>$4.35</td>
<td>$4.35</td>
<td>$42.00</td>
<td>$173.9K</td>
<td>6.8K</td>
<td>416</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$13.7</td>
<td>$13.6</td>
<td>$13.6</td>
<td>$55.00</td>
<td>$66.6K</td>
<td>0</td>
<td>51</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.39</td>
<td>$0.37</td>
<td>$0.37</td>
<td>$44.00</td>
<td>$43.9K</td>
<td>4.6K</td>
<td>1.7K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.55</td>
<td>$1.39</td>
<td>$1.41</td>
<td>$42.50</td>
<td>$35.0K</td>
<td>2.4K</td>
<td>250</td>
</tr>
</tbody>
</table>
</p>
<h3>About Freeport-McMoRan</h3>
<p>Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod &amp; Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.</p>
<p>Following our analysis of the options activities associated with Freeport-McMoRan, we pivot to a closer look at the company's own performance.</p>
<h3>Freeport-McMoRan's Current Market Status</h3>
<ul>
<li>Trading volume stands at 4,123,083, with FCX's price up by 1.55%, positioned at $43.32.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 31 days.</li>
</ul>
<h3>Expert Opinions on Freeport-McMoRan</h3>
<p>2 market experts have recently issued ratings for this stock, with a consensus target price of $53.5.</p>
<ul>
<li>An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Freeport-McMoRan, which currently sits at a price target of $52. </li>
<li>Showing optimism, an analyst from UBS upgrades its rating to Buy with a revised price target of $55. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Freeport-McMoRan, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Looking At Freeport-McMoRan's Recent Unusual Options Activity

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Freeport-McMoRan</strong>.</p>
<p>Looking at options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) we detected 10 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.</p>
<p>From the overall spotted trades, 3 are puts, for a total amount of $104,050 and 7, calls, for a total amount of $499,985.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $50.0 for Freeport-McMoRan, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In today's trading context, the average open interest for options of Freeport-McMoRan stands at 7225.29, with a total volume reaching 7,473.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Freeport-McMoRan, situated within the strike price corridor from $30.0 to $50.0, throughout the last 30 days.</p>
<h3>Freeport-McMoRan 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726071341_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.32</td>
<td>$2.3</td>
<td>$2.3</td>
<td>$40.00</td>
<td>$198.7K</td>
<td>3.5K</td>
<td>1.9K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.31</td>
<td>$2.29</td>
<td>$2.3</td>
<td>$40.00</td>
<td>$62.3K</td>
<td>3.5K</td>
<td>551</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.31</td>
<td>$2.3</td>
<td>$2.3</td>
<td>$40.00</td>
<td>$56.3K</td>
<td>3.5K</td>
<td>917</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$0.53</td>
<td>$0.49</td>
<td>$0.53</td>
<td>$42.00</td>
<td>$53.0K</td>
<td>6.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.08</td>
<td>$1.05</td>
<td>$1.05</td>
<td>$50.00</td>
<td>$52.5K</td>
<td>20.5K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Freeport-McMoRan</h3>
<p>Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod &amp; Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.</p>
<p>After a thorough review of the options trading surrounding Freeport-McMoRan, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Freeport-McMoRan</h3>
<ul>
<li>Currently trading with a volume of 4,051,073, the FCX's price is up by 0.94%, now at $40.79. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 36 days.</li>
</ul>
<h3>Professional Analyst Ratings for Freeport-McMoRan</h3>
<p>In the last month, 2 experts released ratings on this stock with an average target price of $53.5.</p>
<ul>
<li>An analyst from UBS has elevated its stance to Buy, setting a new price target at $55. </li>
<li>Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Freeport-McMoRan, targeting a price of $52. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Freeport-McMoRan with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Behind the Scenes of Freeport-McMoRan's Latest Options Trends

<p>Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) has outperformed the market over the past 5 years by 17.97% on an annualized basis producing an average annual return of 30.63%. Currently, Freeport-McMoRan has a market capitalization of $57.23 billion. </p>
<p><strong>Buying $1000 In FCX:</strong> If an investor had bought $1000 of FCX stock 5 years ago, it would be worth <strong>$3,701.67</strong> today based on a price of $39.83 for FCX at the time of writing.</p>
<h3>Freeport-McMoRan's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725987623_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much You Would Have Made Owning Freeport-McMoRan Stock In The Last 5 Years

<p>Investors with significant funds have taken a bearish position in Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), a development that retail traders should be aware of.</p>
<p>This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in FCX usually indicates foreknowledge of upcoming events.</p>
<p>Today, Benzinga's options scanner identified 14 options transactions for Freeport-McMoRan. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 42% being bullish and 50% bearish. Of all the options we discovered, 13 are puts, valued at $719,824, and there was a single call, worth $31,947.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $50.0 for Freeport-McMoRan during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Freeport-McMoRan's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Freeport-McMoRan's whale activity within a strike price range from $35.0 to $50.0 in the last 30 days. </p>
<h3>Freeport-McMoRan Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725644812_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$1.77</td>
<td>$1.69</td>
<td>$1.77</td>
<td>$35.00</td>
<td>$150.4K</td>
<td>582</td>
<td>1.0K</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$1.84</td>
<td>$1.83</td>
<td>$1.84</td>
<td>$35.00</td>
<td>$129.9K</td>
<td>582</td>
<td>1.9K</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$3.1</td>
<td>$2.95</td>
<td>$3.05</td>
<td>$43.50</td>
<td>$103.7K</td>
<td>415</td>
<td>3</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.0</td>
<td>$9.95</td>
<td>$9.95</td>
<td>$50.00</td>
<td>$39.8K</td>
<td>4.7K</td>
<td>93</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.0</td>
<td>$9.95</td>
<td>$9.95</td>
<td>$50.00</td>
<td>$39.8K</td>
<td>4.7K</td>
<td>12</td>
</tr>
</tbody>
</table>
</p>
<h3>About Freeport-McMoRan</h3>
<p>Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod &amp; Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.</p>
<p>Following our analysis of the options activities associated with Freeport-McMoRan, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Freeport-McMoRan</h3>
<ul>
<li>With a volume of 7,271,286, the price of FCX is down -3.31% at $40.03. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 41 days.</li>
</ul>
<h3>Expert Opinions on Freeport-McMoRan</h3>
<p>2 market experts have recently issued ratings for this stock, with a consensus target price of $53.5.</p>
<ul>
<li>An analyst from UBS has elevated its stance to Buy, setting a new price target at $55. </li>
<li>An analyst from Scotiabank persists with their Sector Outperform rating on Freeport-McMoRan, maintaining a target price of $52. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Freeport-McMoRan with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Freeport-McMoRan's Options Frenzy: What You Need to Know

<p class="articleSource"><strong>Source: <a href="https://www.streetwisereports.com/article/2024/09/03/copper-is-under-pressure.html?utm_medium=feed">Michael Ballanger 09/03/2024</a></strong></p>
<p>Michael Ballanger of GGM Advisory Inc. takes a look at the current state of copper and shares one stock he is currently holding.</p>
<p>USD Index futures are up 0.133% this morning with 10-yr. yields flat and 30-yr. (+0.12%) yields slightly lower.</p>
<p>Gold (+0.13%) is up while silver (-1.31%) and copper (-2.64%) are lower.</p>
<p>Oil is down 0.97%. Stocks are headed lower while risk barometer Bitcoin is down 1.34% to $59,666.</p>
<p><img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20249365605_1.png" style="height:354px; width:785px" /></p>
<h2>Stocks</h2>
<p>We have now entered the weakest month of the trading year and in another couple of days, the corporate buyback window slams shut. It is interesting to note that August 5 marked the &quot;carry trade crash&quot; low AND the re-opening of that same window.</p>
<p>From a positioning standpoint, the bigger funds are now back to being fully invested in stocks moving into the last month of the fiscal third quarter. Sentiment, as measured by the CNBC &quot;FEAR-GREED Index&quot; is back to at 63 in direct contrast to the reading at 27 one month ago.</p>
<p>If contrarian investing is to be used as a trading tool, then I should be pleased with my volatility position looking out to the next few weeks.</p>
<h2>Copper</h2>
<p>Today, copper has opened down sharply which is disturbing but not exactly surprising as it is largely correlated with stocks most of the time (and vice-versa). Just as copper gets bludgeoned in the late-July-early-August sell-off, it will come under pressure again in September if stocks are going to lead the way lower.</p>
<p>Down $0.11/lb. is a hefty drop for a commodity that has been enjoying a decent recovery rally since the beginning of August where it bottomed at around $3.92/lb.</p>
<p><img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20249365711_2.jpg" style="height:374px; width:1000px" /></p>
<p><img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20249365718_3.png" style="height:538px; width:788px" /></p>
<p>With that in mind, my <strong>Freeport-McMoRan Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcx#NYSE">FCX</a>)<strong> </strong>position is called $1.53 lower, and while I have no concern for the shares I own, the November $40 and $45 calls, profitable as a package by $5,600 as of Friday&#39;s close, will open sharply lower this morning.</p>
<p>I am going to see where the calls open, and if I can break even on the two series, I will hold the shares but move to the sidelines with the call options, as September&#39;s track record is not good for holding short-dated calls.</p>
<p>Important Disclosures:</p>
<ol>
<li>Michael Ballanger: I, or members of my immediate household or family, own securities of: Freeport-McMoRan Inc. I determined which companies would be included in this article based on my research and understanding of the sector.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
<li><strong>Michael Ballanger Disclosures</strong></li>
</ol>
<p>This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.</p>


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