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FCX

Freeport McMoRan

$9.50

-0.555 (-5.52%)

09:50
10/13/16
10/13
09:50
10/13/16
09:50

Freeport McMoRan falls sharply, breaks below support at $10

The stock was last down over 7.1% to $9.33. At that price next support is at $8.97 and then at $8.60. Resistance is at $9.58. The $10 level has been support on a closing price basis since April of this year, making this breakdown bearish for future price.

  • 25

    Oct

FCX Freeport McMoRan
$9.50

-0.555 (-5.52%)

10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Freeport McMoRan upgraded to Buy from Hold at Deutsche Bank
10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Barrick, Freeport, Pan American upgraded to Buy at Deutsche Bank
Deutsche Bank analyst Jorge Beristain noted that while commodity prices rallied in Q3 Metals & Mining companies continued to get their "financial houses in order" and he expects the trend to continue for the next few quarters. The analyst, who recommends investing in non-integrated companies as well as building Precious exposure, is upgrading several stocks in the sector, including Barrick Gold (ABX), Freeport McMoRan (FCX), Pan American Silver (PAAS), all to Buy from Hold. The analyst also upgraded a number of others in the sector to Hold from Sell this morning.
10/03/16
10/03/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Dow Chemical (DOW) and DuPont (DD) were upgraded to Buy from Neutral at Citi with analyst P.J. Juvekar citing he opportunity presented by the proposed merger. 2. Freeport McMoRan (FCX), Barrick Gold (ABX), and Pan American Silver (PAAS) were upgraded to Buy from Hold at Deutsche Bank. 3. LogMeln (LOGM) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow saying the pending merger with Citrix's (CTXS) divested GoTo assets creates a "great new opportunity." 4. Halliburton (HAL) upgraded to Buy from Hold at Societe General. 5. Coty (COTY) upgraded to Buy from Neutral at BofA/Merrill with analyst Olivia Tong saying she believes Coty is at the beginning of a potential transformation with the pending closure of the P&G Beauty deal this week that could bring increased scale as well as a more targeted operational structure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
DBAB
10/13/16
UPGRADE
Target $77
DBAB
Buy
Anadarko upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Ryan Todd upgraded Anadarko Petroleum (APC) to Buy saying the company's Freeport McMoRan (FCX) transaction is "highly attractive" and addressed his primary concerns around its funding profile, growth and leverage. The analyst believes Anadarko's U.S. onshore assets are "best-in-class." Todd keeps a $77 price target for the shares.

TODAY'S FREE FLY STORIES

RTIX

RTI Surgical

$3.20

-0.1 (-3.03%)

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IDSY

I.D. Systems

$4.70

-0.24 (-4.86%)

09:03
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09:02
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09:02
Conference/Events
House Financial Services Committee to hold a hearing »

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DL

China Distance Education

$12.34

0.62 (5.29%)

09:02
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China Distance Education revises share issuance plan on China's New Third Board »

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DUK

Duke Energy

$74.67

0.81 (1.10%)

09:01
12/08/16
12/08
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Hot Stocks
Duke Energy Renewables acquires Colorado solar project »

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VMI

Valmont

$154.30

4.45 (2.97%)

08:59
12/08/16
12/08
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08:59
Recommendations
Valmont analyst commentary  »

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  • 08

    Dec

REXR

Rexford Industrial

$22.41

0.41 (1.86%)

08:57
12/08/16
12/08
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08:57
Hot Stocks
Rexford Industrial acquires industrial property for $24.4M, sells two for $19M »

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LULU

lululemon

$59.84

2.6 (4.54%)

, HZNP

Horizon Pharma

$19.39

-0.82 (-4.06%)

08:56
12/08/16
12/08
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08:56
Hot Stocks
On The Fly: Pre-market Movers »

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LULU

lululemon

$59.84

2.6 (4.54%)

HZNP

Horizon Pharma

$19.39

-0.82 (-4.06%)

AMD

AMD

$9.56

0.11 (1.16%)

TLRD

Tailored Brands

$18.93

0.62 (3.39%)

CTRV

ContraVir Pharmaceuticals

$1.99

-0.01 (-0.50%)

AVXL

Anavex

$3.73

-0.1 (-2.61%)

HRB

H&R Block

$23.34

0.65 (2.86%)

VYGR

Voyager Therapeutics

$13.73

-0.27 (-1.93%)

CMTL

Comtech

$12.75

0.77 (6.43%)

VRNT

Verint

$38.30

0.1 (0.26%)

VNCE

Vince Holding

$4.55

0.35 (8.33%)

CASY

Casey's General Stores

$124.22

1.14 (0.93%)

03/08/13
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  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 14

    Dec

  • 09

    Jan

F

Ford

$13.06

0.5 (3.98%)

, BAC

Bank of America

$22.57

0.41 (1.85%)

08:55
12/08/16
12/08
08:55
12/08/16
08:55
Options
Notable open interest changes for December 8th »

Wednesday's total…

F

Ford

$13.06

0.5 (3.98%)

BAC

Bank of America

$22.57

0.41 (1.85%)

AAPL

Apple

$111.03

1.08 (0.98%)

WFC

Wells Fargo

$57.28

1.73 (3.11%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 08

    Dec

  • 05

    Jan

  • 10

    Jan

  • 13

    Jan

  • 13

    Mar

08:55
12/08/16
12/08
08:55
12/08/16
08:55
General news
FX Action: The dollar »

FX Action: The dollar…

BHI

Baker Hughes

$66.14

-0.75 (-1.12%)

08:55
12/08/16
12/08
08:55
12/08/16
08:55
Conference/Events
Baker Hughes to hold an investor meeting »

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03/08/13
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  • 08

    Dec

CIEN

Ciena

$21.60

0.6 (2.86%)

08:54
12/08/16
12/08
08:54
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08:54
Hot Stocks
Ciena sees Q1 adjusted gross margin in mid-40's percentage range »

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  • 08

    Dec

CIEN

Ciena

$21.60

0.6 (2.86%)

08:51
12/08/16
12/08
08:51
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08:51
Hot Stocks
Ciena sees FY17 revenue growth faster than the market »

FY17 consensus $2.8B.…

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  • 08

    Dec

AAPL

Apple

$111.03

1.08 (0.98%)

08:50
12/08/16
12/08
08:50
12/08/16
08:50
Periodicals
Apple, Goldwind partner to supply clean energy in China, SCMP reports »

Wind power turbine maker…

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  • 13

    Mar

08:50
12/08/16
12/08
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General news
The 10k initial claims drop to 258k »

The 10k initial claims…

DRAM

Dataram

$1.27

0.07 (5.83%)

08:48
12/08/16
12/08
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08:48
Hot Stocks
Dataram acquisition targt U.S. Gold Corp. expands claims in Nevada »

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JCAP

Jernigan Capital

$20.21

-0.05 (-0.25%)

08:48
12/08/16
12/08
08:48
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08:48
Syndicate
Jernigan Capital 2.65M share Spot Secondary priced at $19.00 »

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  • 08

    Dec

$DJT

DJ Transportation Average

08:47
12/08/16
12/08
08:47
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08:47
Technical Analysis
DJ Transportation Average: Pivot points »

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SHIP

Seanergy Marine

$2.20

-0.1 (-4.35%)

08:47
12/08/16
12/08
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08:47
Syndicate
Seanergy Marine raises $15M in common stock and warrant offering »

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$DJU

DJ Utility Average

08:47
12/08/16
12/08
08:47
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08:47
Technical Analysis
DJ Utility Average: Pivot points »

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RDUS

Radius Health

$53.50

-1.51 (-2.75%)

08:47
12/08/16
12/08
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08:47
Hot Stocks
Radius Health presents RAD1901 Phase 1 data at SABCS »

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  • 08

    Dec

DJX

Dow Jones Industrial Average

08:47
12/08/16
12/08
08:47
12/08/16
08:47
Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$168.84

4.1 (2.49%)

08:47
12/08/16
12/08
08:47
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08:47
Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$48.18

0.9 (1.90%)

08:47
12/08/16
12/08
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08:47
Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$75.95

0.6 (0.80%)

08:47
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Technical Analysis
Energy Select Sector SPDR: Pivot points »

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