AI FCX Forecast + Trading Strategies


Bullish Case: Increased long-term copper demand driven by renewable energy initiatives could uplift FCX's stock, alongside potential supply constraints. Recent institutional interest highlights positive sentiment.


Bearish Case: Economic downturn risks could dampen copper demand, negatively affecting FCX's performance. High operational costs and mixed market signals also contribute to downward pressure on the stock.


Potential Outcomes:

1) Copper prices rally above $6/lb (60%);

2) Economic slowdown hampers demand (30%);

3) Stabilization in copper prices between $4-5/lb (80%).


Trading Oracle: Consider initiating bearish credit spreads by selling $41.5 calls and buying $47.0 calls, targeting a 72% chance of profit. Time-sensitive trades could capitalize on current implied volatility trends.


September 06, 2024


Freeport-McMoRan Forecast

FCX      Freeport-McMoRan











Correlated Assets

Assets that tend to move strongly with FCX



AA Forecast + Options Trading Strategies   AA  Alcoa (0.96)


DESP Forecast + Options Trading Strategies   DESP  Despegar.com (0.93)


TNDM Forecast + Options Trading Strategies   TNDM  Tandem Diabetes Care (0.91)


XME Forecast + Options Trading Strategies   XME  SPDR Metals & Mining (0.91)


DAL Forecast + Options Trading Strategies   DAL  Delta Air Lines (0.91)



Uncorrelated Assets

Assets with little price relationship to FCX



HUN Forecast + Options Trading Strategies   HUN  Huntsman (-0.0)


WDAY Forecast + Options Trading Strategies   WDAY  Workday (-0.0)


VEEV Forecast + Options Trading Strategies   VEEV  Veeva Systems (-0.0)


MUR Forecast + Options Trading Strategies   MUR  Murphy Oil (-0.01)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against FCX



VRSN Forecast + Options Trading Strategies   VRSN  Verisign (-0.8)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.8)


IGT Forecast + Options Trading Strategies   IGT  International Game Technology (-0.8)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.8)


FWRD Forecast + Options Trading Strategies   FWRD  Forward Air (-0.84)





Become a more profitable investor with AI optimized trading strategies






×

Chat with FCX


 Ask any question about FCX!