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FCX

Freeport McMoRan

$10.94

-0.105 (-0.95%)

10:45
11/21/19
11/21
10:45
11/21/19
10:45

Freeport McMoRan call volume above normal and directionally bullish

Bullish option flow detected in Freeport McMoRan with 20,407 calls trading, 1.4x expected, and implied vol increasing over 1 point to 42.04%. Feb-20 12 calls and May-20 13 calls are the most active options, with total volume in those strikes near 15,200 contracts. The Put/Call Ratio is 0.17. Earnings are expected on January 23rd.

FCX Freeport McMoRan
$10.94

-0.105 (-0.95%)

11/07/19
MSCO
11/07/19
INITIATION
Target $21.5
MSCO
Overweight
Teck Resources assumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Carlos De Alba assumed coverage of Teck Resources (TECK) with an Overweight rating and $21.50 price target as part of his assumption of coverage of the NA Metals & Mining industry with an Attractive view. His analysis shows the "unloved" mining sector has outperformed in prior periods of low PMIs and recession risks, the analyst tells investors. He names Teck and Freeport McMoRan (FCX) as his top picks in the space.
11/13/19
BOFA
11/13/19
UPGRADE
Target $14
BOFA
Buy
Freeport McMoRan upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Timna Tanners upgraded Freeport McMoRan to Buy from Neutral with a $14 price target. The analyst is looking past the company's "transition year" and expects its Grasberg asset to make a full contribution for copper and gold production. While copper prices have lagged, Tanners notes that there is support from labor disruptions in Peru and Chile, with added downside protection coming from the still relatively strong CTFC short position.
11/13/19
11/13/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. G-III Apparel (GIII) upgraded to Buy from Neutral at BofA/Merrill with analyst Heather Balsky saying she anticipates the company to benefit from a likely accelerated wind-down of unprofitable outlet business and derisking with regards to tariffs. 2. Rockwell Automation (ROK) upgraded to Neutral from Underperform at Credit Suisse with analyst John Walsh saying he is upgrading shares based on his view that Industrial Production recovers in 2H20, achievable EPS growth in FY20 driven by restructuring on flat organic sales and a more balanced risk/reward valuation profile. 3. Infinera (INFN) upgraded to Neutral from Underweight at JPMorgan with analyst Samik Chatterjee saying she believes Infinera's recent Coriant acquisition execution is going to make investors more willing to "position themselves for the upside" from the company achieving profitability metrics similar to larger competitor Ciena (CIEN). 4. Freeport McMoRan (FCX) upgraded to Buy from Neutral at BofA/Merrill with analyst Timna Tanners saying she is looking past the company's "transition year" and expects its Grasberg asset to make a full contribution for copper and gold production. 5. Five9 (FIVN) upgraded to Buy from Neutral at Rosenblatt with analyst Ryan Koontz saying he came away from the company's analyst event "thoroughly impressed." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/19
SBSH
11/15/19
NO CHANGE
SBSH
Citi makes Freeport McMoRan top pick in copper, says 'risk-on' winner
Citi's global commodity team highlights copper as their top pick for 2020, analyst Alexander Hacking tells investors in a research note. The analyst says this makes sense given the upside potential if global trade tensions are eased along with cooper's "superior" supply/demand dynamics relative to other base metals. Hacking shifted his top pick to Freeport McMoRan (FCX), which he says offers more leverage to upside in copper. The stock is arguably the most "risk on" exposed stock in Americas mining given its liquidity and beta, Hacking tells investors in a research note. The analyst believes the "gradual de-risking" of Grasberg "appears to be mostly ignored by the market so far." In addition, Southern Copper (SCCO) has been an outperformer year-to-date and "remains a relatively safer, lower beta play," contends Hacking.

TODAY'S FREE FLY STORIES

PLMR

Palomar

20:27
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20:27
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Palomar analyst commentary  »

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ASAZY

Assa Abloy

$0.00

(0.00%)

20:23
12/08/19
12/08
20:23
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20:23
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Assa Abloy rating change  »

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RXEEY

Rexel

$0.00

(0.00%)

20:23
12/08/19
12/08
20:23
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20:23
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Rexel rating change  »

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TATYY

Tate & Lyle

$0.00

(0.00%)

20:22
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12/08
20:22
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20:22
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Tate & Lyle rating change  »

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AUO

AU Optronics

$0.00

(0.00%)

20:20
12/08/19
12/08
20:20
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20:20
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AU Optronics rating change  »

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LPL

LG Display

$6.22

0.115 (1.89%)

20:17
12/08/19
12/08
20:17
12/08/19
20:17
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LG Display rating change  »

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  • 09

    Dec

ETNB

89bio

$28.38

0.86 (3.13%)

20:16
12/08/19
12/08
20:16
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20:16
Initiation
89bio initiated  »

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ANIOY

Acerinox

$0.00

(0.00%)

20:15
12/08/19
12/08
20:15
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20:15
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Acerinox rating change  »

Acerinox upgraded to Buy…

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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

20:15
12/08/19
12/08
20:15
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20:15
Conference/Events
Blueprint Medicines to hold an anlayst and investor event »

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  • 08

    Dec

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    Dec

TLSNY

Telia

$0.00

(0.00%)

20:14
12/08/19
12/08
20:14
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20:14
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Telia rating change  »

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ARWR

Arrowhead

$67.25

1.705 (2.60%)

20:13
12/08/19
12/08
20:13
12/08/19
20:13
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Arrowhead analyst commentary  »

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

20:08
12/08/19
12/08
20:08
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20:08
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Argenx analyst commentary  »

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  • 16

    Dec

STC

Stewart

$43.16

0.28 (0.65%)

19:56
12/08/19
12/08
19:56
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19:56
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Stewart rating change  »

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FAF

First American

$63.05

(0.00%)

19:55
12/08/19
12/08
19:55
12/08/19
19:55
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First American rating change  »

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  • 13

    Feb

PFSI

PennyMac Financial

$33.91

0.12 (0.36%)

19:54
12/08/19
12/08
19:54
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19:54
Downgrade
PennyMac Financial rating change  »

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AGIO

Agios Pharmaceuticals

$40.93

0.81 (2.02%)

18:40
12/08/19
12/08
18:40
12/08/19
18:40
Recommendations
Agios Pharmaceuticals analyst commentary at Piper Jaffray »

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  • 09

    Dec

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    Dec

BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

18:34
12/08/19
12/08
18:34
12/08/19
18:34
Recommendations
Blueprint Medicines analyst commentary at Piper Jaffray »

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  • 08

    Dec

  • 08

    Dec

FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

18:29
12/08/19
12/08
18:29
12/08/19
18:29
Recommendations
Fate Therapeutics analyst commentary at Piper Jaffray »

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RCKT

Rocket Pharmaceuticals

$22.37

2.61 (13.21%)

18:05
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18:05
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  • 08

    Dec

  • 08

    Dec

ARGX

Argenx

$147.31

-2.56 (-1.71%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

18:03
12/08/19
12/08
18:03
12/08/19
18:03
Recommendations
Argenx, Johnson & Johnson analyst commentary at Piper Jaffray »

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

03/08/13
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  • 08

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    Jan

BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

17:58
12/08/19
12/08
17:58
12/08/19
17:58
Recommendations
Bluebird Bio, Johnson & Johnson, Amgen, Bristol-Myers, Regeneron analyst commentary at Piper Jaffray »

Piper says…

BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

AMGN

Amgen

$233.74

0.3 (0.13%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

REGN

Regeneron

$372.26

4.02 (1.09%)

03/08/13
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  • 08

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  • 11

    Dec

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    Jan

BGNE

BeiGene

$186.89

-2.3 (-1.22%)

17:50
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  • 09

    Dec

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LLY

Eli Lilly

$119.59

-0.175 (-0.15%)

16:34
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  • 08

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BMY

Bristol-Myers

$59.94

0.435 (0.73%)

16:32
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  • 08

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QURE

uniQure

$66.06

1.5 (2.32%)

16:26
12/08/19
12/08
16:26
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16:26
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  • 09

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