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 OCT30 67C · still actionable Zone: $64.14 to $65.04 Invalidation: close under $61.27 Objectives: $69, then $73 The math: up 6.8% to the first objective and 13.0% to the second, against 5.1% risk on the invalidation, about 2.5 to 1 to the second. Dear friend, picture a miner caught in a storm that soaked the whole neighborhood. Copper futures slipped nearly three percent yesterday and every copper stock fell with them, Freeport included, down more than six percent on a day the company itself had nothing but good news. The company just told the street its big Indonesian mine is running ahead of plan and the smelter is back online, and it reports earnings Tuesday morning after beating the number seven of the last eight times. This is a swing idea: own the washout while the crowd is looking the other way, ride the earnings bounce back toward sixty nine, and call it wrong if the August floor near sixty one breaks. P.S. Copper futures are the tell here: if the metal steadies, this stock wants sixty nine in a hurry.

$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 NOV20 67C · still actionable Zone: $64.72 to $65.64 Invalidation: close under $64 Objectives: $69, then $73 The math: up 5.9% to the first objective and 12.0% to the second, against 1.8% risk on the invalidation, better than 6 to 1 to the second. Dear friend, this is a swing, and the story here is a pullback finding its feet. Freeport closed Friday at 65.18 after holding the 64 level all day, and that kind of hold after a rough week often marks the spot where sellers run out of steam. Copper still sits at the heart of everything from wiring to data centers, so a miner with this scale does not need a perfect day to earn a second look. With results due October 27, the November 20 call gives you room to ride a climb back toward 69 and then 73, and a close under 64 says the hold failed and the idea is done. P.S. Watch 65.72 first. It is the Friday high, and a close above it says buyers are back in charge.

$FCX How does this POS company spell relief? Enron, Worldcom and Madoff. Down almost 30% but the moron advisers keep upgrading.

$FCX NOV20 71C · still actionable Zone: $68.42 to $69.38 Invalidation: close under $67.22 Objectives: $73, then $77 The math: up 6.0% to the first objective and 11.8% to the second, against 2.4% risk on the invalidation, about 4.8 to 1 to the second Dear friend, picture a copper miner leaning on the same fence post again and again and the post just will not break. That is this swing setup. Price slipped to 67.22 dollars today and buyers lifted it right back to a close near 68.90 dollars, almost the high of the day, which in plain words means sellers pushed hard at a known low and got nothing for it. The company reports before the open on October 27, and that report is the near test that can carry price toward 73 dollars first if buyers keep defending this floor. P.S. Watch 68.94 dollars first, the high from today, because a close over it would show buyers pressing after defending the low, not just holding on.

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$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 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