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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

MBII

Marrone Bio

$1.75

-0.02 (-1.13%)

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  • 25

    Apr

TBPH

Theravance Biopharma

$39.21

0.42 (1.08%)

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  • 03

    May

DD

DuPont

$79.37

0.72 (0.92%)

, INTC

Intel

$36.75

0.43 (1.18%)

08:35
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Conference/Events
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DD

DuPont

$79.37

0.72 (0.92%)

INTC

Intel

$36.75

0.43 (1.18%)

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  • 27

    Apr

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    May

08:35
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General news
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IBM

IBM

$160.75

0.37 (0.23%)

, GSK

GlaxoSmithKline

$41.12

0.34 (0.83%)

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IBM

$160.75

0.37 (0.23%)

GSK

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$41.12

0.34 (0.83%)

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  • 25

    Apr

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    Jun

ECOM

ChannelAdvisor

$11.65

-0.1 (-0.85%)

, EBAY

eBay

$32.05

-0.13 (-0.40%)

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ChannelAdvisor

$11.65

-0.1 (-0.85%)

EBAY

eBay

$32.05

-0.13 (-0.40%)

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  • 04

    May

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    May

MRVL

Marvell

$15.06

0.16 (1.07%)

, AVGO

Broadcom

$221.24

3.58 (1.64%)

08:34
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Hot Stocks
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MRVL

Marvell

$15.06

0.16 (1.07%)

AVGO

Broadcom

$221.24

3.58 (1.64%)

03/08/13
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SNY

Sanofi

$45.90

1.81 (4.11%)

08:34
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04/25
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Sanofi: Aubagio had significant effect on reducing cortical gray matter atrophy »

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  • 25

    Apr

  • 03

    May

IMMR

Immersion

$8.66

0.18 (2.12%)

08:33
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04/25
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08:33
Hot Stocks
Immersion signs multiyear license renewal with ALPS »

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AMZN

Amazon.com

$907.41

8.88 (0.99%)

08:33
04/25/17
04/25
08:33
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08:33
Periodicals
Amazon opens Amazon Global Selling office in Taiwan, DigiTimes says »

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  • 27

    Apr

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    Apr

  • 16

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    May

PZRX

PhaseRx

$1.91

0.67 (54.03%)

08:33
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04/25
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08:33
Hot Stocks
PhaseRx receives 'positive' opinion for orphan drug designation for PRX-OTC »

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CDTX

Cidara Therapeutics

$7.20

0.15 (2.13%)

08:32
04/25/17
04/25
08:32
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08:32
Hot Stocks
Cidara Therapeutics promotes Taylor sandison to chief medical officer »

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DMPI

DelMar Pharmaceuticals

$2.70

-0.1 (-3.57%)

08:32
04/25/17
04/25
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08:32
Hot Stocks
DelMar Pharma enters into collaboration with Duke University for VAL-083 »

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OSIS

OSI Systems

$72.27

0.63 (0.88%)

08:31
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04/25
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Hot Stocks
OSI Systems awarded $7M contract to provide checkpoint inspection systems »

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  • 26

    Apr

  • 06

    Jun

BNED

Barnes & Noble Education

$10.38

0.08 (0.78%)

08:31
04/25/17
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Hot Stocks
Barnes & Noble Education names Michael Miller chief legal officer »

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  • 30

    May

08:31
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Options
One option delisting on April 25th »

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LLY

Eli Lilly

$83.42

1.53 (1.87%)

08:30
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Technical Analysis
Eli Lilly trades lower after earnings and outlook »

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  • 25

    Apr

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    May

BIDU

Baidu

$180.03

1.95 (1.10%)

, NFLX

Netflix

$143.83

0.96 (0.67%)

08:28
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Technical Analysis
Netflix edges up to 52-week highs in pre-market trading »

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BIDU

Baidu

$180.03

1.95 (1.10%)

NFLX

Netflix

$143.83

0.96 (0.67%)

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  • 27

    Apr

  • 27

    Apr

  • 05

    Jun

ANTM

Anthem

$168.41

0.61 (0.36%)

, ESRX

Express Scripts

$67.25

0.79 (1.19%)

08:28
04/25/17
04/25
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Recommendations
Anthem, Express Scripts analyst commentary  »

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ANTM

Anthem

$168.41

0.61 (0.36%)

ESRX

Express Scripts

$67.25

0.79 (1.19%)

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  • 25

    Apr

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    May

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    Jun

WAT

Waters

$160.27

1.75 (1.10%)

08:26
04/25/17
04/25
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08:26
Earnings
Waters sees FY17 EPS $7.20-$7.40, consensus $7.04 »

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  • 25

    Apr

AAPL

Apple

$143.64

1.37 (0.96%)

, CBS

CBS

$65.95

-0.89 (-1.33%)

08:25
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Periodicals
Apple Music delays release of first series 'Carpool Karaoke,' Reuters reports »

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AAPL

Apple

$143.64

1.37 (0.96%)

CBS

CBS

$65.95

-0.89 (-1.33%)

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  • 27

    Apr

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  • 15

    Jun

WAT

Waters

$160.27

1.75 (1.10%)

08:25
04/25/17
04/25
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08:25
Earnings
Waters sees Q2 EPS $1.65-$1.75, consensus $1.67 »

Sees strong mid-single…

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  • 25

    Apr

08:25
04/25/17
04/25
08:25
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08:25
Conference/Events
The Washington Journal holds a discussion on Dodd-Frank »

Manhattan Institute…

WHR

Whirlpool

$174.80

3.29 (1.92%)

08:22
04/25/17
04/25
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08:22
Hot Stocks
Whirlpool sees 3%-5% annual organic net sales growth, 10%+ EBIT margin by 2020 »

Says fundamentals of…

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  • 25

    Apr

  • 04

    May

$DJT

DJ Transportation Average

08:21
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04/25
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Technical Analysis
DJ Transportation Average: Pivot points »

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