freeport mcmoran

Market Wrap-Up for Jan.31 (MEE, CNX, WLT, DRI, FCX, POT, INTC, more)

As the market got started on this new week, market participants were keeping a close eye on the doings going on in Egypt, but a big coal merger put a bid into numerous energy-focused plays. Before we dig into that, I just want to remind everyone that we added a new name to our best dividend stocks list this morning, so be sure to check out the upgrade if you didn’t see the e-mail alert we sent out earlier to Dividend.com Premium subscribers. Looking at the big deal of the day, Massey Energy ( MEE ), which had long been a subject of ongoing takeover rumors, finally did catch a bid over the weekend. The company will be getting taken over by Alpha Natural Resources( ANR ) at a valuation that is about 30% below its all-time high levels hit in June of 2008. That news helped push shares like Consol Energy ( CNX ) and Walter Energy ( WLT ) nicely higher. We also saw seeing buying spread to other commodity names, including Freeport McMoran ( FCX ) and Potash Corp ( POT ). Darden Restaurant ( DRI ) shares were up on news the company is lifting its outlook. There has been a worry in the market when it comes to food/restaurant plays, and how they will be having to deal with higher commodity costs. We’ll keep an eye on the sector to see if other companies are able to dodge the rising food cost bullet as well. Lastly, Intel Corporation ( INTC ) managed to close unchanged despite news the company is cutting its earlier margins guidance, following a chip design glitch that will hit the semiconductor giant’s bottom line this coming quarter. Lots of gloomy headlines about Social Security possibly dissolving sooner than experts have been predicting last week, so I wanted to look for nuggets to write about retirement this morning. I wanted to focus on some baby boomer tips from a recent U.S. News & World Report, and add my own two cents to each. Baby Boomer Tip #1 – “Sign up for Medicare on time.” This is a no-brainer and who wouldn’t want to be able to free up money that can be saved or used for other necessities? As people continue to live longer, some of the savings from not having to pay for your own expensive plan can even go into quality dividend stocks that provide a nice yield each year. Baby Boomer Tip #2 – “Schedule your free physical…

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Market Wrap-Up for Jan.21 (GE, COF, STI, FCX, BTU, MCD, JNJ, more)

We sometimes hear from dividend investors who simply over-analyze their investments. For instance, dividend stock prices are automatically negatively adjusted on the ex-dividend date to reflect the upcoming payout. This practice, put into place by the exchanges themselves, prevents people from “gaming” the dividend system. Investors sometimes panic at these price drops, despite them being a natural part of dividend investing. A one- or two-point drop in a high-quality dividend stock, especially as a result of an ex-dividend adjustment, is nothing to be concerned about! Now if the stocks gets down 20-25% off its 52-week high, then and only then you may have something to worry yourself with. This illustrates the danger of focusing on the short term, which usually causes investors to start trying to time the markets. Trying to time every movement perfectly is trading, not investing, so forget about looking for immediate price gains as soon as you purchase a security! Before we look at today’s market action, just a quick note to check out today’s new recommendation changes in the link below if you did not read the e-mail alert we sent out earlier. The market got off to a decent start on the back of solid earnings results from General Electric ( GE ). We also saw positive reactions to financial plays SunTrust Banks ( STI ), Capital One Financial ( COF ), and BB&T Corp ( BBT ). Wall Street analyst upgrades also helped lift shares of Eaton Corp ( ETN ) and Parker-Hannifin ( PH ). Sellers hit commodity plays once again, with Freeport McMoran ( FCX ), Walter Energy ( WLT ), and Peabody Energy ( BTU ) taking a hit. I’m hearing from some gold and silver investors about the recent pain they have seen with the recent price drop. I don’t see any particular long-term worries at this point, but with signs of the economy getting its mojo back, the case for the metals may not be as seductive as it has been. Overall, it may be a good time to get some gold stock candidates ready to examine on healthy pullbacks. I have been consistently saying here that the metals could be in for a pullback, and urged caution back in late November, so hopefully anyone that was sitting on nice profits was able to ring the register at higher levels. I still believe that this generation of investors is not afraid of looking at commodities for a part an investment portfolio, so I doubt that we will go back to long-term periods of gold and silver languishing. We finish up …

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Market Wrap-Up for Jan.20 (FCX, PH, UNP, PNC, FFIV, more)

Make no mistake about it: market pullbacks like the ones we’ve seen in the past couple days are a healthy part of building a long-term foundation for investors. Getting rid of shaky hands will eventually strengthen a stock’s shareholder base and will lead to shallower pullbacks in times of overall market volatility. Speaking of shaky hands, did anyone catch the action in momentum stock F5 Networks ( FFIV )? The stock is currently down $35 (-23%) as we approach midday. This move illustrates is the danger of chasing high-beta momentum plays. The beauty of investing in solid dividend stocks is that unless there is some sort of accounting blow-up, you almost never see a market response like we are seeing today in FFIV. That’s not to say that all dividend stocks are safe though — that’s why we have our “Best Dividend Stocks” List! As for the rest of the market, we are seeing a second day of sellers booking some recent gains. There are few names that are standing out on the upside, but the downside is full of negative earnings reactions. Some of the major stocks that stood out on the downside today included PNC Financial ( PNC ), Freeport McMoran ( FCX ), Union Pacific ( UNP ), and Parker-Hannifin ( PH ). Gold and Silver prices tumbled as both metals broke key technical levels. If you have been waiting on the sidelines to gain exposure to the metals’ sector, you will have some good opportunities to initiate positions in the coming weeks. One last thing to consider today as you see some of your favorite names perhaps have a down day as part of an earnings reaction, is that you should avoid trying to be a “portfolio hero” and try and jump in on the first day of a stock’s fall. Wait for the selling and noise to subside in whatever the stock you own that may be going down, and you will likely have better moments to build on any positions. Continuing with this week’s theme, here are some more common money excuses people use and my responses to them: Excuse #11 – “It’s cheaper to eat out than eat at home.” My Response: The better answer may be that is is much more fun to eat out, but certainly not cheaper in most cases. There’s nothing wrong with learning to work your way around a kitchen or even reach for a box of cereal or TV dinner once in a while if time constraints kick in. Excuse #12 – “I’ll save next year when I’m making more money.” My Response: There is no better time to start saving/investing than when you actually have a job. For many, this excuse can be the most deadliest when it comes to building wealth. Everyone knows the older you get, the more expenses you incur (getting married, having kids, vacations, cars, etc.). Excuse #13 – “You have to leverage debt to become rich!” My Response: This is a dangerous play for many that try and speed up the road to wealth. We…

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Freeport-McMoRan Q4 Profit Climbs 60%, but Shares Fall (FCX)

Copper producer Freeport-McMoRan Copper & Gold Inc. ( FCX ) on Thursday posted much better-than-expected fourth quarter earnings, but its shares still slipped significantly in premarket trading. The Phoenix-based company reported fourth quarter net income of $1.5 billion, or $3.25 per share, compared with $971 million, or $2.15 per share, in the year-ago period. Excluding a one-time charge, adjusted profit was $3.26 per share. Revenue jumped more than 21% from last year to $5.6 billion. On average, Wall Street analysts expected a much smaller profit of $3.03 per share, on lower revenue of $5.35 billion. Despite the solid earnings beat, Freeport-McMoRan shares fell $3.07, or -2.7%, in premarket trading Thursday. The Bottom Line We have been recommending shares of Freeport McMoran ( FCX ) since Dec.13,2010, when the stock was trading at $112.87. The company has a 1.74% dividend yield, based on last night’s closing stock price of $115.16. Freeport-McMoRan Copper & Gold Inc. ( FCX ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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It’s Funny How We Get The Perfect Job Number

It’s Funny How We Get The Perfect Job Number

Earlier this week on January 5th, 2011 the payroll processing company ADP reported that the U.S. economy had added 297,000 jobs. The economists went wild raising the expectations of today’s government non-farm payroll report to over 200,000 jobs. However, today the job report was released at 8:30 am EST and the U.S. Labor Department only reported a headline number of 103,000. This is quite a disappointment for all those who thought the economy was adding much more jobs as the ADP report suggested. It is important to note that all of these reports cannot be trusted. Even in modern times with all the wonderful technology in the world it seems that the readings when it comes to economic data should be taken with a grain of salt. All that really matters is if the Federal Reserve Bank will continue with it’s U.S. Treasury purchases called QE-2. As long the central bank continues to create capital reserves by buying bonds and keeps the fed funds rate at zero percent the economy will inflate overall. That has been seen throughout history. Investors should just look at when the former Federal Reserve Bank Chairman, Alan Greenspan, lowered the fed funds rates(overnight lending rate to large major banks) to 1.00 percent in 2002. The economy inflated higher for five straight years. However, once interest rates began to increase the economy had already created one of the biggest bubbles in recent times. That was obviously the housing and credit bubble of 2007-2008. We can only wonder how bad this bubble will be that is being created now? The Federal Reserve Bank tells us that there is no inflation. However, the economies in Asia are trying to fight inflation. If this is a global economy how could one part of the world have inflation and the other part have no inflation? It is simply because of the labor market and the fuzzy math that is used by the economists. When a country has high unemployment there is never signs of inflation. However, if one looks at the price of copper, gold, silver, gasoline, oil, or food they will easily see that there is inflation. Leading commodity stocks such as Freeport McMoRan Copper & Gold Inc.(NYSE:FCX), Southern Copper Corp.(NYSE:SCCO), Silver Wheaton Corp.(NYSE:SLW), and many others are trading at or near all time highs. You see today’s weaker than expected job number gives the Federal Reserve an excuse to say that we need to continue their quantitative easing program. Remember quantitative easing is the catalyst for the rally as traders and investors continue to buy the dip. If today’s government job report would have been near 300,000 new jobs the U.S. Dollar would have spiked along with higher U.S. Treasury yields. This would have caused a major sell off. Therefore, you can see how a not so good or even a disappointing job number can be good for the stock market. It’s simply amazing how this all works. Nicholas Santiago InTheMoneyStocks

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Market Wrap-Up for Dec.31 (APC, BHP, FCX, POT, MOS, MON, SCHN, more)

As we get set to wrap up 2010, we currently have 90 dividend stocks on our recommended list. Of those, only 8 of the names are currently lower from where we initially recommended the names. None of those that are lower are down more than 4%. We hope to continue to outperform as we get into 2011. At the end of the day, it comes down to results for investors and for ourselves at Dividend.com. We know the more we deliver, the better it will be for our business and our brand. It has been a relatively quiet week as is usually the case at the end of the year. We have little in the way of big stories or earnings. Anadarko Petroleum ( APC ) continued to move higher following yesterday’s rumor of a deal with BHP Billiton ( BHP ). Commodity plays ended the year in style, with Freeport McMoran ( FCX ), and Potash Corp ( POT ) seeing gains. It was a relatively good year for the markets with the Dow closing up 11%, S&P up 13%, and the Nasdaq finishing 17% higher. Looking ahead to next week, there will be some earnings we will be able to talk about. Names that are set to report include Mosaic ( MOS ), Monsanto ( MON ), Schnitzer Steel ( SCHN ), and others. Be sure to catch up with our weekend watchlists on Dividend.com Premium. There are tons of names that could be candidates for inclusion on our recommended list and the weekend posts will have all that covered. Have a great new year everybody and be safe if you’re traveling. See you in 2011! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Goldman Sachs Boosts Copper, Gold Price Forecasts; Says Freeport-McMoRan to Benefit (FCX)

Copper mining giant Freeport-McMoRan Copper & Gold Inc. ( FCX ) on Wednesday saw its price target raised by analysts at Goldman Sachs, who cited expectations for rising metal prices. The firm said it now expects FCX shares to reach $132, up from a prior target of $111. That new target implies a 14% upside to the stock’s Tuesday closing price of $116.20. Goldman also boosted its average cooper price forecast for 2011 to $4.25 from $3.50 and for 2012 to $4.15 from $3.75. Freeport-McMoRan shares rose 50 cents, or +0.4%, in premarket trading Wednesday. The Bottom Line We have been recommending shares of Freeport McMoran ( FCX ) since Dec.13, 2010, when the stock was trading at $112.87. The company has a 1.72% dividend yield, based on last night’s closing stock price of $116.20. Freeport-McMoRan Copper & Gold Inc. ( FCX ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Dec.20 (AXP, BEN, CHK, CNX, CLF, FCX, more)

The market dragged a bit today following an early up open. We only have three trading days left this week, with the markets closing Friday in observation of Christmas Day. Chesapeake Energy ( CHK ) jumped higher on news Carl Icahn is looking to shake things up with the company. Speaking of energy, Consol Energy ( CNX ) was up following an analyst upgrade this morning. Also trading higher were fellow commodity plays Cliffs Natural Resources ( CLF ) and Freeport McMoran ( FCX ). On the flipside, Wall Street analysts were a bit negative today when it came to financial plays American Express ( AXP ) and Franklin Resources ( BEN ). Brokerage firm Stifel Nicolaus sees a reduction in debit-card swipe fees also affecting AXP, in addition to Mastercard ( MA ) and Visa ( V ), which both were hit hard late last week on the potential regulation. I was checking out some data from the Labor Department today, reporting job openings at U.S. workplaces rose to 3.4 million in October, up from 3 million in September. Let’s hope this trend continues in the right direction. One of the things that could hold someone back from the new job openings is the required

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Market Wrap-Up for Dec.9 (FCX, HOT, FO, SI, BEN, more)

Filed in dividend, freeport mcmoran, Gold Investment, lead, o, ubs, upgrade by on December 9, 2010 0 Comments

The market appears to be spinning its wheels this morning as we pull off the earlier highs. We have made several new additions to our “Recommended” list this week as the data we are parsing through continues to paint a bullish picture overall. I will not go crazy cheerleading the markets, but will stick to pointing out that the investing environment remains positive as far as we see. It would be nice to get some pullbacks for investors to get better entry points, and that scenario is always possible. We sent out our Thursday “Dividend Top 100 Names on Our Watchlist” post this morning. Each Thursday we look at our various proprietary watchlists and sort through the names that are trading at or near all-time highs and put them in a list to share with all our Premium subscribers. Outside of looking for names that we feel are becoming a real bargain, this list is what we are using to find our next recommendations. Of course, the stocks on this list that have low or minimal dividend yields would only be suited for “aggressive” investors who are seeking growth over yield. I hope everyone checks it out! Looking at today’s big movers. Freeport McMoran ( FCX ) was up on news of a special $1 dividend payout as well as news the stock will be splitting 2-for-1 on February 1. Also gaining were Starwood Hotels ( HOT ) and Fortune Brands ( FO

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Freeport-McMoRan to Split 2-for-1; Announces Special $1 Dividend (FCX)

Copper mining giant Freeport-McMoRan Copper & Gold Inc. ( FCX ) on Thursday said its board of directors has approved a two-for-one stock split and declared a special $1 dividend. The Phoenix-based company said the split would take place on Feb. 1 for shareholders of record as of Jan. 15. It will also pay a special one-time $1 per-share dividend on Dec. 30 to shareholders of record as of Dec. 20. This payment will be separate from the company’s regular quarterly dividend. “The authorization of this supplemental dividend reflects the strong current cash position and significant cash flows being generated by our global operations,” said the company in a statement. “The board’s decision to split the stock reflects the strong share price performance of our shares and positive outlook for our business.” Freeport-McMoRan shares rose $3.72, or +3.4%, in premarket trading Thursday. The Bottom Line Shares of Freeport McMoran ( FCX ) have a 1.84% dividend yield, based on last night’s closing stock price of $108.60. The stock has technical support in the $97-$100 price area. If the shares can build momentum on this morning’s news, we see overhead resistance around the $120 price levels. Freeport-McMoRan Copper & Gold Inc. ( FCX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Dec.6 (BKS, FCX, MEE, FDX, YUM, more)

For property owners that have been watching the story of rising and falling home values, there is no better time than now to look into getting your property taxes reduced. A recent report from the National Taxpayers Union finds that up to 60 percent of U.S. homes are over-assessed. The study also finds only about 5% of homeowners have gone through an appeal process. It always makes sense for you to review your records to be sure there are no errors that could be costing you money (mistakes such as miscalculating the number of beds/baths, etc.). Another thing you want to do is check comparable homes that had recently been sold in your neighborhood, to see how prices are tracking and how that compares to your current assessment. You may be sitting on a decent windfall from reduced property taxes that you could be putting to work in high-quality dividend-paying stocks. Looking at today’s market, investors are coming out of the gate a bit slowly. We’re seeing lots of chatter about Fed Chairman Ben Bernanke’s appearance on CBS’ 60 Minutes program, in which he said the Federal Reserve is ready to do whatever it takes to prevent the U.S. economy from turning down once again. It was a mixed start for the week with some plays seeing red, such as FedEx ( FDX ) and Yum Brands ( YUM ). Commodity names Freeport McMoran ( FCX ) and Massey Energy ( MEE ) rose on continued interest from traders. Barnes & Noble ( BKS ) saw an early pop on a potential private equity/Border’s Group bid. Interesting to see the bid, as I am trying to picture where the new growth will come from in the book retailing space. There is certainly room for one big book retailing play, but without growth, the purchase seems to be about consolidation, cutting stores and employees, and really

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Market Wrap-Up for Nov.26 (FCX, MA, SPG, AEM, NEM, more)

Filed in dividend, earnings, euro, freeport mcmoran, Gold, Gold Investment, lead, noble, o, updates by on November 26, 2010 0 Comments

The markets got off to a shaky start this morning as overseas markets were in worry mode about the tensions in the Korean peninsula, as well as the lingering economic concerns surrounding Ireland and possibly other European countries. The trading in the day after Thanksgiving is almost always on the light side as the equity markets closed early (1:00pm Est.). This was always a day I did very little on, but was a great day going through my accounts to make sure my positions were what I expected, and that I had not inadvertently made any transaction errors over the course of time. It happens to the best of investors, so be sure to double-check all your transactions every so often. Some of the names that pushed us lower today were Freeport McMoran ( FCX ), Mastercard ( MA ), PetroChina ( PTR ), and Simon Property Group ( SPG ). Gold-mining plays also lagged, with Agnico-Eagle Mines ( AEM ), and Newmont Mining ( NEM ) both lower. Del Monte Foods ( DLM ) bucked the early drop on news the company is going to be acquired. Private equity firms are continuing to make their moves. They will look geniuses if the equity markets hold up well, as the usual plan is to unlock hidden values and streamline operations in order to get the company ready for either a sale or IPO in due time. Looking ahead to next week, earnings will be extremely light, with notables such as Barnes & Noble ( BKS ) and Kroger ( KR ) coming out with earnings results. Be sure to catch up with our latest watchlist updates this weekend on Dividend.com Premium, and as always, you can view our current recommendations on our industry-leading Best Dividend Stocks List. Have a great weekend everybody, and thanks for reading! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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