Copper

(FCX) Freeport-McMoRan Copper & Gold and Plains Exploration & Production Merger Gets Shareholder Approval

Mining giant Freeport-McMoRan Copper & Gold Inc. (FCX) said that its proposed takeover of Plains Exploration & Production Company (PXP) has been cleared by...

1Sep2013 | | Comments Off on (FCX) Freeport-McMoRan Copper & Gold and Plains Exploration & Production Merger Gets Shareholder Approval | Continued

(FCX) Freeport-McMoRan Copper & Gold Fourht Quarter EPS Meets Expecations – Revenues Light

Freeport-McMoRan Copper & Gold Inc.’s (FCX) adjusted earnings (excluding one-time gains) of 74 cents per share for the fourth quarter of 2012 was in line with the Zacks Consensus Estimate.

Including net credits for adjustments...

28Jan2013 | | Comments Off on (FCX) Freeport-McMoRan Copper & Gold Fourht Quarter EPS Meets Expecations – Revenues Light | Continued

(PBM) Catalyst Health Solutions Acquired by SXC Health Solutions

On Monday, Catalyst Health Solutions Inc. was acquired by rival pharmacy benefits management (PBM) company, SXC Health Solutions Corp. (SXCI). Subsequently, Catalyst Health was de-listed from the New York Stock Exchange, on which...

8Jul2012 | | Comments Off on (PBM) Catalyst Health Solutions Acquired by SXC Health Solutions | Continued

(FCX) Freeport-McMoRan Copper & Gold Strike Called Off

Workers at  Freeport-McMoRan Copper & Gold (FCX) decided to end a strike at Peruvian copper mine Cerro Verde that began almost two months ago.

Union workers discontinued their work in September 2011 to back demands for...

30Nov2011 | | 0 comments | Continued

(FCX) Freeport-McMoRan Copper & Gold Faces Labor Action

Workers at Freeport-McMoRan Copper & Gold‘s (FCX) Grasberg mine in Indonesia plan to go on strike in the coming days after talks with the company failed to resolve a pay dispute, a move that could tighten global copper supplies...

20Sep2011 | | 0 comments | Continued

(FCX) Freeport-McMoRan Copper & Gold Mine Workers on Strike

Thousands of workers kicked off a weeklong strike at  Freeport-McMoRan Copper & Gold Inc.’s (FCX) gold and copper mine in eastern Indonesia, demanding higher wages and protesting the dismissal of their union...

5Jul2011 | | 0 comments | Continued

(FCX) Anatomy of Naked Put Trades

Today I review two short or “naked” put trades I have talked about this month to show examples of how this option technique can be used successfully to either generate income or to buy your favorite names at a discount. On paper, one of the open trades is a winner, and one is a loser. But even...

28Jun2011 | | 0 comments | Continued

(PBM) Catalyst Health Solutions Acquires FutureScripts

Expanding its pharmacy benefit management (PBM) solutions, on Monday, Catalyst Health Solutions Inc. (CHSI) announced the purchase of all the PBM units of Independence Blue Cross (IBC) ? FutureScripts LLC and FutureScripts Secure...

14Sep2010 | | 0 comments | Continued

(FCX) Freeport-McMoRan Copper & Gold Net Income Shoots Up

Freeport-McMoRan Copper & Gold Inc. (FCX) reported net income of $897 million or $2.00 per share in the first quarter of 2010, beating the Zacks Consensus Estimate of $1.92 per share. Earnings improved significantly from a modest...

22Apr2010 | | 0 comments | Continued

(FCX) U.S. Industrial Production Inches Higher

In March, total Industrial Production rose by 0.1%. While that is a slowdown from recent growth rates, and far below consensus expectations of 0.7% growth, if one looks beyond the headline number, it is actually a fairly positive report.

For starters, each of the previous three...

15Apr2010 | | 0 comments | Continued

(FCX) Freeport-McMoRan Copper & Gold Earns Positive Rating From Fitch

Freeport-McMoRan Copper & Gold Inc. (FCX) shares rose 1.6% or $1.26 to close at $79.17 in after-trade hours after Fitch Ratings Services affirmed the issuer default rating and debt ratings of the world’s largest publicly...

29Mar2010 | | 0 comments | Continued

(FCX) Producer Price Index Falls More Than Expected

In February, the Producer Price Index (PPI) fell by 0.6%, a far bigger decline than the 0.2% drop expected by the consensus of forecasts. However, all of the decline came from a bigger-than-expected fall in Energy prices. The core index, which strips out the volatile food and energy...

17Mar2010 | | 0 comments | Continued

(FCX) Freeport-McMoRan Copper & Gold Outperforms Expectations

The world’s largest publicly traded copper company, Freeport-McMoRan Copper & Gold Inc. (FCX), reported fourth-quarter 2009 earnings of $2.15 per share, ahead of the Zacks Consensus Estimate of $1.59 per share. Earnings represented...

21Jan2010 | | 0 comments | Continued

(FCX) Weak Dollar has put a bid into commodities – driving shares of resources companies

Freeport McMoran Copper Gold Co. (FCX) recently hit another 52-week high above $87 as both gold and copper continue to surge, with gold generating a buzz on the Street while approaching the $1,200 level. Shares of FCX have been riding...

29Nov2009 | | 0 comments | Continued

(PCU) Southern Copper Corporation’s Earnings Jump

Southern Copper Corporation (PCU), one of the leading copper producers in the world, posted net earnings of 37 cents in the third quarter of 2009, better than the Zacks Consensus Estimate of 31 cents. Earnings jumped 78.6% from 21...

12Nov2009 | | 0 comments | Continued

(FCX) Economists See No Inflation Problem

Analytically, there are three components to an interest rate. The first is the risk that the money will not be paid back. This is a very big factor when dealing with corporate bonds, especially junk bonds. For the U.S. government’s obligations, as the owner of a nice shiny printing press that...

9Nov2009 | | 0 comments | Continued

(FCX) Freeport McMoRan Outperforms

Freeport McMoRan (FCX), the large-cap global mining company, reported its third quarter earnings earlier today. The company reported earnings of $2.07 per share compared to $1.31 per share in the third quarter of 2008. This handily beat the Zacks Consensus Estimate of $1.18 per share.

The...

21Oct2009 | | 0 comments | Continued

(FCX) Industrial Production Capacity Utilization Improves

In September, total Industrial Production rose by 0.7% from August — its third straight monthly increase after a string where it was down 17 of 18 months. Total Capacity Utilization also climbed to 70.5%, up from an upwardly revised 69.9% (originally 69.6%) in August. While both are still...

16Oct2009 | | 0 comments | Continued

(FCX) These two stocks continue to hit new highs – Charting Zacks Elite Stocks

Freeport McMoran Copper & Gold Inc. (FCX) took a hit with the overall market in the big sell off of late 2008 and early 2009, but shares have since recovered nicely and posted big gains after bottoming out in early March. More recently shares have been pressuring an area of resistance...

9Oct2009 | | 0 comments | Continued

(PCU) Dr. Copper: Sending Pullback Signal?

Copper has long been called the “metal with the PhD” or the “smart” metal because of its apparent ability to predict changes in the economy based on metal demand and pricing. Copper is used in many industrial capacities, but especially in piping in residential and commercial...

3Oct2009 | | 0 comments | Continued

(WIRE) Encore Wire Corporation – Value – Zacks Rank Buy

Encore Wire Corporation (WIRE) continues to outperform even while it customers operate in one of the toughest sectors in the economy: construction. On Feb 9, Encore beat Wall Street estimates for the fourth quarter by 69.82%.

Encore...

23Feb2009 | | 0 comments | Continued

(WIRE) Encore Wire Corporation – Beat Wall Street Third Quarter Estimates by 25.93%

Encore Wire Corporation (WIRE) beat third quarter estimates by 25.93% even as it navigates the downturn in the construction industry and volatile copper prices. WIRE has a forward P/E of 14.4.

Company Description

Encore Wire manufactures a range of copper electrical wire for interior...

24Dec2008 | | 0 comments | Continued

(FCX) Words from the (investment) wise for the week that was (September 1 – 7, 2008)

Investors not only returned to a shortened trading week after the Labor Day holiday on Monday, but also to a bruising on stock markets, at least for those with long equity positions.

Concerns about the global economic outlook and continued financial duress spooked...

8Sep2008 | | 0 comments | Continued

(OLN) – Olin Corp – Sales for the quarter were up 61% from the same period last year

Olin Corporation’s (OLN) share price has been steadily advancing for most of the year, recently hitting a new 52-week and all-time high above $29. This recent price strength comes on the heels of the company’s strong second-quarter results in which revenue was up 38% from the same period...

30Jul2008 | | 0 comments | Continued