Freeport-McMoRan Inc FCX is today’s FOMO stock. Alex Coffey and Jenny Horne discuss FCX which specializes in the mining of copper and gold mines in the United States, Peru, Chile, Indonesia and Congo. Alex spoke about the overall expected increase of consumer goods like crude oil and now the rise of metals specifically copper. Jenny weighs in that inflation is hitting precious metals and Alex talks about gold being a storage of value versus copper which has real usage. Jenny points out Freeport-McMoRan (FCX) has consistently outperformed the market for the past 20 years and mentions that Jefferies analyst Chris LaFemina just recently called Freeport "underappreciated, still underowned,". That analyst, maintaining his Buy rating, raised his price target for Freeport McMoRan (FCX) to $65 from $58. Finally, Alex and Jenny demonstrate a trade using Freeport-McMoRan (FCX).
31 Mar 2022