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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

SNPS

Synopsys

$90.29

1.05 (1.18%)

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  • 23

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AMZN

Amazon.com

$1,601.77

19.67 (1.24%)

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  • 04

    Jun

SRRK

Scholar Rock

$0.00

(0.00%)

21:01
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Scholar Rock 5.36M share IPO priced at $14.00 »

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  • 24

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KNSA

Kiniksa

$0.00

(0.00%)

21:00
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Kiniksa 8.5M share IPO priced at $18.00 »

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  • 24

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GSKY

GreenSky

$0.00

(0.00%)

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GreenSky 38M share IPO priced at $23.00 »

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  • 24

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SAIL

SailPoint

$23.30

1.29 (5.86%)

20:56
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SailPoint 17.808M share Secondary priced at $22.50 »

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  • 24

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CLPS

CLPS

$0.00

(0.00%)

20:55
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CLPS 2M share IPO priced at $5.25 »

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  • 24

    May

MDT

Medtronic

$85.29

0.305 (0.36%)

, MCK

McKesson

$146.84

0.39 (0.27%)

20:25
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05/23
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

$85.29

0.305 (0.36%)

MCK

McKesson

$146.84

0.39 (0.27%)

BBY

Best Buy

$75.73

0.255 (0.34%)

HRL

Hormel Foods

$35.82

-0.01 (-0.03%)

TTC

Toro Company

$60.32

-0.08 (-0.13%)

SAFM

Sanderson Farms

$107.13

1.19 (1.12%)

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  • 24

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BPOP

Popular

$46.94

-0.31 (-0.66%)

20:07
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Popular announces early termination of FDIC shared-loss agreements »

Popular, Inc announced…

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WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

20:04
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Recommendations
Williams-Sonoma analyst commentary at Loop Capital »

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  • 23

    May

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

, SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

19:59
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05/23
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19:59
Periodicals
Breaking Periodicals news story on iShares MSCI South Korea Index Fund, SPDR S&P 500 ETF Trust, S&P 500 »

N Korea foreign ministry…

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

SPX

S&P 500

$0.00

(0.00%)

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CVX

Chevron

$128.70

0.465 (0.36%)

19:39
05/23/18
05/23
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19:39
Hot Stocks
Canadian court affirms dismissal of suit against Chevron subsidiary »

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EA

Electronic Arts

$133.49

1.31 (0.99%)

19:19
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Hot Stocks
Electronic Arts CTO sells 10,000 common shares »

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CCL

Carnival

$64.67

-0.39 (-0.60%)

19:14
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Carnival CEO expects China to become the largest cruise market, CNBC says »

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  • 30

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

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SRPT

Sarepta

$88.94

-0.24 (-0.27%)

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  • 20

    Jun

BZLFF

Bunzl

$0.00

(0.00%)

19:03
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Downgrade
Bunzl rating change at Goldman Sachs »

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WUBA

58.com

$84.56

1.39 (1.67%)

19:02
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Breaking Earnings news story on 58.com »

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  • 24

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WUBA

58.com

$84.56

1.39 (1.67%)

19:01
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Earnings
58.com reports Q1 adjusted earnings per ADS 33c, consensus 21c »

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  • 24

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  • 10

    Sep

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

, LASR

nLight

$30.00

-1.79 (-5.63%)

18:58
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

LASR

nLight

$30.00

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SNPS

Synopsys

$90.29

1.05 (1.18%)

LB

L Brands

$34.05

0.06 (0.18%)

NTAP

NetApp

$66.61

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DGLY

Digital Ally

$2.55

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FCAU

Fiat Chrysler

$22.47

-0.155 (-0.69%)

TM

Toyota

$134.85

-0.89 (-0.66%)

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  • 23

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CPRT

Copart

$52.93

-0.06 (-0.11%)

18:54
05/23/18
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Earnings
Copart reports Q3 adjusted EPS 52c, consensus 50c »

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  • 24

    May

AAPL

Apple

$188.36

1.08 (0.58%)

, VLKAY

Volkswagen

$0.00

(0.00%)

18:45
05/23/18
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Apple signs pact with VW over self-driving cars, NY Times says »

Apple (AAPL) has signed…

AAPL

Apple

$188.36

1.08 (0.58%)

VLKAY

Volkswagen

$0.00

(0.00%)

BMWYY

BMW

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

18:24
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Periodicals
Breaking Periodicals news story on Petrobras »

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NFLX

Netflix

$344.70

13.08 (3.94%)

, CMCSA

Comcast

$31.87

-0.64 (-1.97%)

18:03
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Netflix market value now higher than Comcast, Recode says »

Netflix's (NFLX)…

NFLX

Netflix

$344.70

13.08 (3.94%)

CMCSA

Comcast

$31.87

-0.64 (-1.97%)

CMCSK

Comcast

$0.00

(0.00%)

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CE

Celanese

$113.87

-0.05 (-0.04%)

18:01
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Hot Stocks
Celanese to increase selling prices on acetyl intermediate products »

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