Bullish Case: Increasing copper demand from renewable energy growth and recent institutional buying signpost potential upside, with FCX's dividends suggesting confidence in financial health.


Bearish Case: The flat options term structure and low trading volume imply market uncertainty, while mixed analyst ratings raise concerns about future stock performance.


Potential Outcomes:

1) Renewed copper demand from green energy catalyzes rally (35%).

2) Earnings fall short, pressuring price (40%).

3) Supply shocks elevate copper prices (25%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 09, 2024


Freeport-McMoRan Forecast

FCX        Freeport-McMoRan
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with FCX



XLB Forecast + Options Trading Strategies   XLB  Active Trust - Materials Select Sector SPDR (0.86)


MS Forecast + Options Trading Strategies   MS  Morgan Stanley (0.85)


AL Forecast + Options Trading Strategies   AL  Air Lease Corp (0.83)


TEX Forecast + Options Trading Strategies   TEX  Terex (0.83)


LNC Forecast + Options Trading Strategies   LNC  Lincoln National (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to FCX



NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (0.0)


NOK Forecast + Options Trading Strategies   NOK  Nokia (-0.0)


ADM Forecast + Options Trading Strategies   ADM  Archer Daniels Midland (-0.0)


DIOD Forecast + Options Trading Strategies   DIOD  Diodes (0.0)


GOOS Forecast + Options Trading Strategies   GOOS  Canada Goose Holdings Inc (Subord Vot Shs) (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against FCX



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.68)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.68)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.69)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.78)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.78)


FCX News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






Become a more profitable investor with AI optimized trading strategies






×

Chat with FCX


 Ask any question about FCX!