Tag: freeport mcmoran

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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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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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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Market Wrap-Up for Nov.16 (FCX, NEM, CNX, AU, MAT, more)

Filed in dividend, freeport mcmoran, Gold, lead, o, shares by on November 16, 2010 0 Comments

Today we are seeing the high-beta momentum selling deluge that comes along with markets that have simply not quit when it concerns the recent commodity/tech spikes. The market has shown signs of cracks the last week or so, with commodity names giving us recent indications that traders were starting to ring the register. Now, this can all be a usual pullback in an ongoing bull market for commodity plays, but we saw similar action back in 2008, so traders/investors may be playing things a bit tight as to not letting profits slip away. The heavily-crowded gold trade had a healthy pullback as well. Some of today’s biggest losers in the commodity space included Consol Energy ( CNX ), Freeport McMoran ( FCX ), Newmont Mining ( NEM ), and AngloGold ( AU ). We don’t currently have exposure to the high-beta, low-yielding commodity space, but it could be an area we explore if the selling intensifies. Mattel ( MAT ) bucked the sell-off, rising on news of a higher dividend payout and share buyback. Volume picked up on the NYSE, exceeding 5 Billion shares, compared to just 3.5 Billion shares traded yesterday. As for dividend investors, pullbacks are usually a great time to put your money to work and not have to chase your targets during what have seemed like endless up days. The hard part for investors on days like today is to actually make a move. People tend to want to wait for the selling to stop. There is nothing wrong with that, but understand that you don’t ever have to take full positions when entering stock positions. Scaling in is the best way to get exposure, especially if your gut tells you that we could be headed for a mini-correction. The idea of getting all out of the market requires the best of timing, but will also require the best of timing as to when the bottom is hit, and you will need to get back in. If the selling intensifies, we will likely see a “flight to safety” in many of the top dividend-paying stocks. These solid, high-yielding names, such as those on our industry-leading Best Dividend Stocks list, can provide a safe haven for investors looking to escape some of the market volatility. We are continuing to monitor future inclusions to our “Recommended” list, but we are also cognizant of having to trim our current recommendations if need be. Thanks for reading everybody! Don’t forget that market pullbacks are a normal part of any market cycle. As long as the fundamentals stay strong for the companies we like, you want to stick to your game plan. Be ready to take your retirement in your own hands and get focused on getting your money to work for you in dividend-paying stocks. 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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Freeport (NYSE:FCX), BHP (NYSE:BHP), Teck Resources (NYSE:TCK) Down on China CPI Report

Freeport-McMoRan Copper & Gold(NYSE:FCX), BHP Billiton Limited (NYSE:BHP) and Teck Resources (NYSE:TCK) were all down Friday as uncertainty clouded the demand picture when news China’s consumer price index rose to 4.4 percent (higher than what was anticipated), leading to speculation China may tighten the economy by raising interest rates in order to fight inflation. Gold price obviously

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Eldorado (NYSE:EGO), Yamana (NYSE:AUY), Novagold (AMEX:NG) Surge on Record Gold Prices

Eldorado Gold Corp Ltd (NYSE:EGO), Yamana Gold, Inc. (NYSE:AUY) and Novagold Resources Inc (AMEX:NG) are participating in the broad gold market, as gold prices today soar to new levels, reaching over $1,380 an ounce.Major gold miners like Freeport-Mcmoran (NYSE:FCX), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) all moved up today as well.Eldorado was trading at $18.98, gaining $0.47, or 2.54

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Freeport (NYSE:FCX) Outlook Strong on Increased Production, Chino Mine

Freeport-McMoRan (NYSE:FCX) was upgraded by Argus Research, citing the company’s guidance on increasing production and the restarting of its Chino mine in New Mexico. The rating was upgraded because it “reflects the company’s decisions to increase production in 2010 and to restart its Chino mine in New Mexico, as well as continued copper purchases from China,” said Argus. Freeport also

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Freeport-McMoRan Boosts Dividend by 67%; Q3 Net Beats View (FCX)

Filed in copper, dividend, earnings, freeport mcmoran, Gold, Gold Investment by on October 21, 2010 0 Comments
Freeport-McMoRan Boosts Dividend by 67%; Q3 Net Beats View (FCX)

Copper mining giant Freeport-McMoRan Copper & Gold Inc. ( FCX ) on Thursday announced a massive 67% raise in its quarterly dividend payout, and posted third quarter earnings that beat expectations. (more…)

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Market Wrap-Up for Oct.19 (GS, COF, IBM, HOG, FCX, CLF, NEM, AAPL, GOOG, more)

Market Wrap-Up for Oct.19 (GS, COF, IBM, HOG, FCX, CLF, NEM, AAPL, GOOG, more)

Momentum traders have been the belle of the ball recently, especially with Google ( GOOG ) surging as it did last week following the company’s earnings results. Turn to last night and the eagerly anticipated report from Apple ( AAPL ) initially left some traders in a world of pain. There was clearly hope from many long-side only traders that Apple would once again reward the pre-earnings buyers. Unfortunately for them Apple didn’t exactly give Wall Street the blow-out results they wanted and the stock quickly took a hit as it reopened in the after-hours. As a former trader, I can tell you that playing the earnings game is nothing more than a coin toss. If you are going to consistently make money and sleep at night, it would be in your best interest to get your mindset on finding quality dividend payers and leave the rollercoaster action to those that have the nerves for it, as well as the money they are willing to risk. Financials like Goldman Sachs ( GS ) and Capital One Financial ( COF ) tried to mount a rally, but the sellers were in charge today. Companies like IBM Corp ( IBM ) , Harley-Davidson ( HOG ) and Illinois Tool Works ( ITW ) were sold hard following their earnings results. Gold got hit hard as profit-taking hit the yellow metal today. Agnico-Eagle Mines ( AEM ) , Newmont Mining ( NEM ) and Barrick Gold ( ABX ) were some of the mining chips that were cashed in by traders. Other commodity-focused names saw some selling, including BHP Billiton ( BHP ) , Cliffs Natural Resources ( CLF ) , and Freeport McMoran ( FCX ) . Volume did pick up on the NYSE during the selling, finishing at 5.6 Billion shares traded. As always, check out our industry-leading Best Dividend Stocks List for the top dividend names to put money into right now. Thanks for reading, and I’ll see you tomorrow! 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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Freeport (NYSE:FCX) Fair Value Raised by Morningstar (Nasdaq:MORN)

Morningstar (Nasdaq:MORN) said they are raising their fair value estimate for Freeport-McMoRan (NYSE:FCX) by $4 a share on the soaring price of gold. “We are raising our fair value estimate for Freeport-McMoRan FCX by $4 per share to reflect the rapid appreciation we’ve seen in gold over the past few months. In contrast to our long-term price forecast for copper, which is informed by our view of

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Freeport-McMoRan’s Target Upped at Barclays Capital (FCX)

Freeport-McMoRan’s Target Upped at Barclays Capital (FCX)

Mining giant Freeport-McMoRan Copper & Gold Inc. ( FCX ) on Friday saw its price target boosted by analysts at Barclays Capital. The firm raised its target for FCX to $130 from $120. That new target implies a massive 42% upside to the stock’s Thursday closing price of $91.40. A Barclays analyst said that despite macroeconomic uncertainty throughout this past summer, the firm remains confident in its bullish copper thesis. Freeport-McMoRan shares were mostly flat in premarket trading Friday. The Bottom Line Shares of FCX have a 1.31% dividend yield, based on last night’s closing stock price of $91.40. The stock has technical support in the $85 price area. If the shares can firm up, we see overhead resistance around the $100 price level. We would remain on the sidelines for now. Freeport-McMoRan Copper & Gold Inc. ( FCX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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 Sept.30 (NEM, ABX, MO, RAI, FCX, CF, more)

Market Wrap-Up for Sept.30 (NEM, ABX, MO, RAI, FCX, CF, more)

It appears the momentum crowd may be satisfied with September’s gains as the market gains this morning reversed lower on this last day of the month. Even gold prices pulled back, with mining stocks like Newmont Mining ( NEM ) and Barrick Gold ( ABX ) giving back some of the recent gains. Also heading lower were names related to other parts of the commodity space, including CF Industries ( CF ) , Mosaic ( MOS ) , Deere ( DE ) , and Freeport McMoran ( FCX ) . There was an analyst downgrade of tobacco companies Altria Group ( MO ) and Reynolds American ( RAI ) this morning. Both of those stocks continue to be big winners on our Best Dividend Stocks list and their 6%-plus dividend yields are still attractive, but a pull-back would certainly be welcome as far getting better entry levels. Volume did creep up by the close, with the NYSE trading 4.28 Billion shares and the Nasdaq trading 2.34 Billion shares./. As for our recommended list, we are always monitoring our data for any potential changes. Going into today’s action, just 3 of our 47 recommended names are trading lower than when we first recommended the names, with the worst performer being down a mere 2% (and that’s not including dividend payouts). I hope everyone is enjoying the new video segments our editor Tom Reese and I are producing on the site. Feel free to reach out to us with more ideas on what you would like to see discussed. I am also proud to announce that I have signed a book deal with FT Press/Pearson, in which I will be writing about Dividend stock investing, personal finance tips and more. I will be providing everyone with more details as things begin to materialize. As always, be sure to check out our industry-leading Best Dividend Stocks list for our current recommendations. See you tomorrow! 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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