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FCX

Freeport McMoRan

$11.55

-0.32 (-2.70%)

11:00
02/08/19
02/08
11:00
02/08/19
11:00

Size ratio spread in Freeport McMoRan

Size ratio spread in Freeport McMoRan. Shares off 26c to $11.60 and 10K Aug 14 - 17, 1X2, call spreads trade 26c. The investor probably bought 1, sold 2, and is opening a new position that targets a 46.5% move to $17 through mid-August - a level last seen in mid-July 2018.

FCX Freeport McMoRan
$11.55

-0.32 (-2.70%)

12/18/18
DBAB
12/18/18
NO CHANGE
DBAB
Rio Tinto acquisitions part of Deutsche's 'left-field ideas' for miners
With the potential for slower growth in China, weaker iron ore prices and rising production costs, the Mining industry may consider bold actions in 2019, Deutsche Bank told investors in a research note. The firm's "left-field ideas" include Rio Tinto (RIO) possibly considering acquisitions of Anglo American (NGLOY), First Quantum Minerals (FQVLF) or Freeport McMoRan (FCX). Deutsche also thinks BHP Billiton (BHP) could further look to trim its portfolio with a spinoff that includes its Nickel West unit, oil and gas operations in Australia, and thermal coal in Colombia and Australia.
01/09/19
FBCO
01/09/19
INITIATION
FBCO
Neutral
Freeport McMoRan initiated with a Neutral at Credit Suisse
01/09/19
01/09/19
INITIATION
Target $12

Neutral
Credit Suisse cautious on Freeport McMoRan, initiates with a Neutral
As previously reported, Credit Suisse analyst Curt Woodworth started Freeport McMoRan with a Neutral rating and $12 price target. The analyst is cautious on the stock in the medium-term given his view that consensus EBITDA and free cash flow estimates need to significantly decline owing to unit cost pressures in Indonesia, negative impact from deferred taxes, and copper price weakness. While he expects the new Indonesian mining license to preserve Freeport McMoRan asset level economics, the transition to the underground block cave adds a layer of execution risk that is hard to quantify and material milestones remain.
01/09/19
01/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. CarGurus (CARG) initiated with an Outperform at Oppenheimer. 2. Callaway Golf (ELY) and Acushnet Holdings (GOLF) were initiated with an Equal Weight at Stephens. 3. MVB Financial (MVBF) initiated with a Market Perform at Keefe Bruyette. 4. U.S. Steel (X) initiated with a Market Perform at Cowen. 5. Freeport McMoRan (FCX) initiated with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BK

BNY Mellon

$44.13

1 (2.32%)

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SAN

Banco Santander

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-0.095 (-2.05%)

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Swedbank

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Swedbank rating change at JPMorgan »

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Fulcrum Therapeutics

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

20:50
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Recommendations
Netflix analyst commentary at Pivotal Research »

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PSMT

PriceSmart

$61.77

-0.43 (-0.69%)

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GMAB

Genmab

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20:32
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Genmab 28.5M share IPO priced at $17.75 per ADS »

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POWI

Power Integrations

$79.67

-0.22 (-0.28%)

20:29
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UNH

UnitedHealth

$266.71

2.11 (0.80%)

, HON

Honeywell

$168.81

-6 (-3.43%)

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

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UNH

UnitedHealth

$266.71

2.11 (0.80%)

HON

Honeywell

$168.81

-6 (-3.43%)

PM

Philip Morris

$81.06

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UNP

Union Pacific

$164.05

-11.05 (-6.31%)

DHR

Danaher

$139.60

-0.22 (-0.16%)

MS

Morgan Stanley

$43.78

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BX

Blackstone

$45.27

-0.555 (-1.21%)

BBT

BB&T

$49.68

0.04 (0.08%)

STI

SunTrust

$63.99

0.08 (0.13%)

NUE

Nucor

$54.71

-0.87 (-1.57%)

GPC

Genuine Parts

$102.27

-3.07 (-2.91%)

ALLY

Ally Financial

$31.44

-0.26 (-0.82%)

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ADTN

Adtran

$15.84

0.09 (0.57%)

20:07
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Earnings
Adtran reports Q2 adjusted EPS 14c, consensus 8c »

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  • 18

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BHC

Bausch Health

$22.91

-0.26 (-1.12%)

, PGNX

Progenics

$5.38

0.055 (1.03%)

19:52
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Hot Stocks
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Bausch Health (BHC) and…

BHC

Bausch Health

$22.91

-0.26 (-1.12%)

PGNX

Progenics

$5.38

0.055 (1.03%)

TEVA

Teva

$8.11

-0.07 (-0.86%)

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EFC

Ellington Financial

$18.30

0.045 (0.25%)

19:31
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Syndicate
Ellington Financial 3.5M share Spot Secondary priced at $17.66 »

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  • 18

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EPRT

Essential Properties Realty Trust

$19.83

-0.27 (-1.34%)

19:26
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Syndicate
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  • 18

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FTSV

Forty Seven

$8.77

-1.38 (-13.60%)

19:22
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SNDE

Sundance Energy

$1.67

-0.17 (-9.24%)

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NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

19:18
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  • 18

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IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:57
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IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:56
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  • 19

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EBAY

eBay

$39.03

-0.87 (-2.18%)

, LLNW

Limelight Networks

$2.77

0.18 (6.95%)

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EBAY

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LLNW

Limelight Networks

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0.18 (6.95%)

NFLX

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URI

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$131.55

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CCK

Crown Holdings

$59.38

-0.88 (-1.46%)

AA

Alcoa

$23.15

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KMI

Kinder Morgan

$20.60

-0.3 (-1.44%)

TCBI

Texas Capital

$58.67

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IBM

IBM

$143.07

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AMRN

Amarin

$21.06

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ROKU

Roku

$109.33

-2.575 (-2.30%)

NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:42
07/17/19
07/17
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18:42
Hot Stocks
Breaking Hot Stocks news story on Netflix »

Netflix says will add $5B…

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  • 17

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MIRM

Mirum Pharmaceuticals

$0.00

(0.00%)

18:42
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07/17
18:42
07/17/19
18:42
Syndicate
Mirum Pharmaceuticals 5M share IPO priced at $15.00 »

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  • 18

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GSBC

Great Southern Bancorp

$57.85

-0.78 (-1.33%)

18:31
07/17/19
07/17
18:31
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18:31
Earnings
Great Southern Bancorp reports Q2 adjusted EPS $1.28, two estimates $1.15 »

Reports Q2 NII $44.9M,…

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  • 18

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:28
07/17/19
07/17
18:28
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18:28
Hot Stocks
Netflix makes 'large investment' in original animation »

Says "Stranger…

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  • 17

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:17
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Netflix says European shows reaching 12M-15M viewers »

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