FCX Freeport-McMoRan Inc

Copper The IEA still projects a roughly 25% supply gap by 2035 based on currently anticipated projects. Copper is needed for grids, data centers, EVs, renewables and basically every electrification theme. Biggest beneficiaries: $FCX , $SCCO , $TECK & $COPX

$FCX $COPP got back from long vacation with my best friend … no phones allowed // absolutely 💯 except for 911 service ( which we did not use ) this quarter is guaranteed to be fantastic 💵💵💵💵💰🤑

$FCX copper is up, gold is up, silver is up, oil is down, should be a great day for this adulterated maximum level POS. Wrong. The pucker is down again. Starts in the pre market and if copper turns red at all today the potential is a 20% drop today. Just to screw over the share holder.

Someone dropped $2.25M on $FCX $75 calls expiring Dec 18th today. That's not pocket change, that's a real bet on where copper names go next. Chart backs it up too, moving averages stacked and the uptrend still intact. Metals are lighting up across the board right now 🔥

$FCX Freeport's Q3 update is basically a price versus volume trade. Copper sales are expected around 750 million pounds, down 23% from 977 million a year ago, and gold sales around 100,000 ounces vs 336,000 a year ago after about 60,000 ounces got deferred into Q4. The offset is realized copper price, expected above 6.50 dollars a pound vs 4.68 a year ago. Zacks consensus still sits at 75 cents for the Oct 27 print, up 50% from a year ago, with the estimate up 4% in the last 30 days. Unit net cash costs are expected about 5% above the July estimate, around 2.10 dollars a pound, mostly on those lower gold credits.

$FCX There ya go, into the 60's. Should hit 65-66 today (day before x usually is an up day, but not this road apple). Looks like mid 40's by ER and then down into single digits by EOY. And all this as all "houses" upgrade this to numbers it will never see. Worst POS on the stock market, short term and long term, worst investment possible, which I have been saying for the longest time (and the performance has proven).

$FCX Copper down barely a penny and this continues to drop like turd from a running bull. Another upgrade today to $90 (that's a consensus of 20 pro's upgrading this to over $85), a day after copper up 10 cents (shooting up 30-40 cents in the last week+) and this continues to drop. In fact, this is down 15% while copper is up 5-10%. Conspiracy Theory: The insiders know what's going on and are running the old pump and dump for this shite before bankruptcy. What a POS this continues to show itself to be. Take the board and officers out back and clean the swamp.

$FCX Excellent safe hedge. Good news and bad news hedge. Oct. 15 ex-dividend. ER in 3 weeks on Oct. 27th.

Top pick today is Freeport-McMoRan $FCX > Optimal holding period from October 4th to January 6th > The stock has been holding steady around its rising 20-week moving average (67.22) and momentum indicators show all of the characteristics of a bullish trend. > Net Income has shown strong year-over-year gains, benefiting from the high price of the commodities the company produces amidst the electrification push

🟢 $FCX 70C Jan 15 💰 $158,800 premium 💵 $6.7/contract 📊 0.1x Vol/OI 📍 Spot $69.11 💰 Large premium | 🚨 Repeat sweep 🌊 Dark Flow | Options Flow

$FCX has shown up in my inbox twice. July 20 → July 22: 58.38 → 62.56, +7.2% Aug 17 → Aug 21: 66.49 → 71.22, +7.1% Two alerts, two 2-to-3-day holds, basically the same result. I don't pick the stocks, but I'm starting to like this one.