US35671D8570 - Common Stock
34.77 +1.14 (+3.39%)
After market: 34.8 +0.03 (+0.09%)
Analysts see these stocks as undervalued, but here's what you really need to know before buying them.
Let's have a look at the top S&P500 gainers and losers one hour before the close of the markets of today's session.
Freeport McMoRan (FCX) shares are rising as copper prices rebound in London, after negotiators told President Biden they are making steady progress in talks to avoid a U.S. default.
Southern Copper (SCCO) is downgraded to Sell at Goldman Sachs, which says the stock has run ahead of fundamentals after significantly outperforming copper prices and peer Freeport McMoRan.
Economic data and a short-covering rally suggest that the outlook for undervalued growth stocks is improving.
With global electric vehicle sales jumping, it's a good idea to buy the best battery material stocks at this point.
Indonesia's investment minister said Freeport McMoRan (FCX) must agree to sell an additional 10% stake in its Indonesian unit to the government in order to extend its mining permit.
Plunging prices for the battery metal signal weak profits down the road.
Copper prices tumbled to five-week lows in the wake of a weaker than expected rebound in demand from China and rising inventories in the London Metal Exchange warehouse system.
Investing in megatrends is a great way to build long-term wealth.
Freeport-McMoRan reported an 18.4% decline in revenue. Investors may still hold on knowing that the near and mid-term future holds a lot of potential upside
The major indexes saw modest declines, holding in a range.