Tag Archives: FCX

5 Stocks With Notable Upside Poised To Move Higher

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By David Alton Clark:

The Gist

The basic materials sector has been in the dog house for the first quarter of 2013, yet has been on a tear over the last week. The gloomy global growth outlook perpetrated by Europe, China and the U.S. wreaked havoc on many basic materials stocks. Nevertheless, conjecture regarding China’s inflation rate being under control sparked a rally in the sector this week. See chart below of top 20 basic materials stocks all in the green.

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See chart below of the Materials Select Sector SPDR (XLB) provided by Yahoo.com. The golden cross was just achieved where the 50-day sma passes above the 200-day sma. This is a bullish event for the sector.

(click to enlarge)

The major catalyst for the sector is China’s improving growth prospects. Alcoa (AA) stated on its recent earnings conference call that the outlook for Chinese growth was 8 to 10%.


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Why Freeport-McMoRan Is More Than A Good Copper Bet

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ByNick Chiu:

Freeport-McMoRan Copper & Gold Inc. (FCX) is a leading international mining company, operating large, long-lived, geographically diverse assets with strong reserves of copper, gold and molybdenum. FCX was upgraded recently by analysts. Recent developments will be updated for FCX. By comparing to another major copper player, Southern Copper Corp (SCCO), and copper price, FCX is shown to be more than a good copper bet.

Dividend

On March 27, 2013, FCX declared a cash dividend of $0.3125 per share payable on May 1, 2013 to holders of record as of April 15, 2013.

M&A

In late March, FCX completed the transaction for 56% interest of a large scale cobalt chemical refinery located in Kokkola, Finland. FCX will be the operating for this new joint venture, named Freeport Cobalt. As reported,

"The acquisition enhances FCXs cobalt marketing position, product portfolio and product development capabilities and provides direct end-market access for


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The Thesis For Precious Metals And Miners, II: Monetary Issues And Market Outlook

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ByEmmet Kodesh:

“Sound money still means today what it meant in the 19th century: the gold standard” (von Mises, The Theory of Money & Credit).

The panic selling of precious metals (PM) and miners early in April leads me to expand my previous piece examining the thesis for PMs. I expected to find evidence for people to sell down their positions. However, exploring fiscal-monetary and global-commercial dynamics relevant to the sector suggests that a 10-20% allocation remains sound. In fact the case strengthens each week that major Central Banks continue their debt expansion and thus undermine the economy and in time weaken the USD. Those whose current income stream is adequate can incrementally increase their PM and miner allocation.

First I will review monetary policy and the economy and how they affect markets. Including international trade and currency shifts to the context I will consider whether PMs, PGMs (Platinum


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