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FCX

Freeport McMoRan

$18.42

0.3155 (1.74%)

11:40
12/26/17
12/26
11:40
12/26/17
11:40

Freeport McMoran calls active as shares reach 52-week highs

Freeport McMoran calls active as shares reach 52-week highs. The stock up 29c to $18.39 and Mar 20s trade from 82 to 84c before a 15.8K contract block bought or 85c. More than 22K trade at that strike and some of today's bullish activity is likely rolling out of Feb 15 calls, which have traded 5.3K contracts including a 5K lot at $3.55 when bid-ask was $3.55 to 3.65. Total volume in the name is lopsided nearly 6:1 at 41K calls and 7K puts.

FCX Freeport McMoRan
$18.42

0.3155 (1.74%)

10/17/17
DBAB
10/17/17
DOWNGRADE
DBAB
Sell
Freeport McMoRan downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst Chris Terry downgraded Freeport McMoRan to Sell with an unchanged price target of $13. The analyst sees an unfavorable risk/reward profile due to valuation and continued uncertainty at Grasberg.
10/17/17
10/17/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Freeport McMoRan (FCX) downgraded to Sell from Hold at Deutsche Bank with analyst Chris Terry saying he sees an unfavorable risk/reward profile due to valuation and continued uncertainty at Grasberg. 2. Energy Transfer Partners (ETP) downgraded to Neutral from Buy at Goldman Sachs with analyst Theodore Durbin saying he sees a weaker distribution growth outlook and prefers Energy Transfer Equity (ETE) over Energy Transfer Partners. 3. Darden (DRI) downgraded to Hold from Buy at Argus with analyst John Staszak noting the company is not immune from weak conditions in the casual dining industry. 4. Blue Buffalo downgraded to Neutral from Overweight at JPMorgan analyst Ken Goldman saying he sees a more balanced risk/reward saying the company's sales into traditional channels may be weaker than he expected. 5. United Natural Foods (UNFI) downgraded to Underperform at RBC Capital with analyst Bill Kirk saying there is competitive contract risk from Amazon's (AMZN) acquisition of Whole Foods, as Amazon has the ability, incentive and precedent to decrease reliance United Natural Foods. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/11/17
MSCO
12/11/17
UPGRADE
Target $14
MSCO
Equal Weight
Freeport McMoRan upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Piyush Sood upgraded Freeport McMoRan to Equal Weight after the firm's metals team upwardly revised its 2018 metals estimates and now forecasts upside to spot aluminum and copper/zinc prices remaining near current levels. Given the higher copper estimates, he raised his price target on Freeport to $14 from $10.
12/21/17
MSCO
12/21/17
NO CHANGE
MSCO
Equal Weight
Cleveland-Cliffs a key beneficiary of corporate AMT repeal, says Morgan Stanley
Morgan Stanley analyst Piyush Sood noted that Steel Dynamics (STLD) and Nucor (NUE) have been the "preferred tax reform plays" in the steel sector, but he believes that Cleveland-Cliffs (CLF), as well as Warrior Met Coal (HCC) and Freeport McMoran (FCX), should benefit from the corporate alternative minimum tax repeal, as they all carry substantial AMT credits on their balance sheets. He keeps Equal Weight ratings on Cleveland, Warrior and Freeport.

TODAY'S FREE FLY STORIES

PNC

PNC Financial

$155.70

-0.02 (-0.01%)

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AAPL

Apple

$177.00

-1.46 (-0.82%)

14:37
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  • 01

    Feb

GE

General Electric

$16.96

0.785 (4.85%)

14:30
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  • 24

    Jan

SNE

Sony

$51.00

0.2 (0.39%)

, AAPL

Apple

$177.00

-1.46 (-0.82%)

14:25
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SNE

Sony

$51.00

0.2 (0.39%)

AAPL

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$177.00

-1.46 (-0.82%)

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EXAS

Exact Sciences

$48.49

0.67 (1.40%)

14:25
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Options
EXACT Sciences call volume above normal and directionally bullish »

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  • 26

    Feb

MAT

Mattel

$16.09

-0.05 (-0.31%)

, HAS

Hasbro

$90.86

-1.7 (-1.84%)

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Hot Stocks
Breaking Hot Stocks news story on Mattel, Hasbro »

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MAT

Mattel

$16.09

-0.05 (-0.31%)

HAS

Hasbro

$90.86

-1.7 (-1.84%)

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  • 01

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    Feb

FB

Facebook

$185.37

4.08 (2.25%)

14:18
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    Feb

$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

14:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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W

Wayfair

$89.35

-1.29 (-1.42%)

14:15
01/23/18
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Options
Wayfair put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 22

    Feb

TWTR

Twitter

$22.84

-0.5 (-2.14%)

14:13
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Twitter analyst commentary  »

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  • 23

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    Feb

AAPL

Apple

$177.00

-1.46 (-0.82%)

14:10
01/23/18
01/23
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01/23/18
14:10
Periodicals
KGI's Kuo says Apple's next iPhone to have no 3D touch, MacRumors reports »

Apple may launch a…

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  • 01

    Feb

SNE

Sony

$51.80

0.995 (1.96%)

14:10
01/23/18
01/23
14:10
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14:10
Downgrade
Sony rating change  »

Sony downgraded to…

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  • 25

    Jan

14:10
01/23/18
01/23
14:10
01/23/18
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General news
U.S. equities cooled off from record highs »

U.S. equities cooled off…

BTC

Bitcoin

, BITCOIN

Bitcoin

14:09
01/23/18
01/23
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14:09
Hot Stocks
Stripe says ending Bitcoin support »

Tom Karlo, Stripe's…

BTC

Bitcoin

BITCOIN

Bitcoin

03/08/13
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REG

Regency Centers

$64.46

0.15 (0.23%)

14:08
01/23/18
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Hot Stocks
Regency Centers acquires Whole Foods Market-anchored center in New Jersey »

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  • 09

    Feb

TEVA

Teva

$20.80

-0.22 (-1.05%)

, JNJ

Johnson & Johnson

$142.63

-5.51 (-3.72%)

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NYC sues drug manufacturers, distributors over opioid epidemic »

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TEVA

Teva

$20.80

-0.22 (-1.05%)

JNJ

Johnson & Johnson

$142.63

-5.51 (-3.72%)

ENDP

Endo

$7.31

0.2 (2.81%)

MCK

McKesson

$171.56

-1.405 (-0.81%)

CAH

Cardinal Health

$73.46

-0.05 (-0.07%)

ABC

AmerisourceBergen

$102.96

0.3 (0.29%)

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  • 23

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SHLD

Sears

$3.45

-0.18 (-4.96%)

14:05
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Hot Stocks
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FOLD

Amicus

$15.97

0.07 (0.44%)

14:05
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Options
Amicus call volume above normal and directionally bullish »

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NSC

Norfolk Southern

$150.81

-0.66 (-0.44%)

14:03
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Hot Stocks
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  • 24

    Jan

DIS

Disney

$110.10

-1 (-0.90%)

14:01
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Hot Stocks
Disney to give over 125,000 employees one-time $1,000 cash bonus »

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  • 06

    Feb

JNJ

Johnson & Johnson

$142.74

-5.4 (-3.65%)

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  • 23

    Jan

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    Feb

  • 08

    Mar

NVS

Novartis

$87.03

0.03 (0.03%)

, CMCSA

Comcast

$42.89

0.39 (0.92%)

13:59
01/23/18
01/23
13:59
01/23/18
13:59
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

NVS

Novartis

$87.03

0.03 (0.03%)

CMCSA

Comcast

$42.89

0.39 (0.92%)

GE

General Electric

$16.87

0.7034 (4.35%)

UTX

United Technologies

$135.42

0.2064 (0.15%)

ABT

Abbott

$59.32

-0.2501 (-0.42%)

GD

General Dynamics

$207.58

-0.62 (-0.30%)

ITW

Illinois Tool Works

$172.75

-0.645 (-0.37%)

NSC

Norfolk Southern

$150.90

-0.57 (-0.38%)

BHGE

Baker Hughes

$35.81

0.26 (0.73%)

PGR

Progressive

$57.18

-1.04 (-1.79%)

RCL

Royal Caribbean

$127.33

-1.37 (-1.06%)

SWK

Stanley Black & Decker

$174.31

-0.92 (-0.53%)

ROK

Rockwell Automation

$206.01

2.075 (1.02%)

NTRS

Northern Trust

$107.43

0.94 (0.88%)

GWW

Grainger

$230.43

0.57 (0.25%)

ROL

Rollins

$47.90

0.02 (0.04%)

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  • 24

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    Jan

  • 24

    Jan

  • 24

    Jan

  • 24

    Jan

  • 24

    Jan

  • 24

    Jan

  • 24

    Jan

  • 08

    Feb

  • 16

    Feb

  • 02

    Mar

  • 23

    Apr

  • 17

    May

TXN

Texas Instruments

$119.44

2.61 (2.23%)

, COF

Capital One

$105.09

-0.4 (-0.38%)

13:59
01/23/18
01/23
13:59
01/23/18
13:59
Earnings
Notable companies reporting after market close »

Notable companies…

TXN

Texas Instruments

$119.44

2.61 (2.23%)

COF

Capital One

$105.09

-0.4 (-0.38%)

UAL

United Continental

$77.39

0.52 (0.68%)

TSS

TSYS

$83.64

-0.11 (-0.13%)

NAVI

Navient

$13.52

-0.08 (-0.59%)

CREE

Cree

$36.69

0.4 (1.10%)

FUL

H.B. Fuller

$55.11

0.22 (0.40%)

03/08/13
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  • 23

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    Jan

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    Jan

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    Jan

  • 21

    Mar

CMCSA

Comcast

$42.89

0.39 (0.92%)

13:57
01/23/18
01/23
13:57
01/23/18
13:57
Technical Analysis
Technical Earnings Preview: Comcast in stable price channel ahead of news »

Shares have been trading…

03/08/13
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  • 24

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