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  • Weekly Preview: Earnings Upside Continues [View article]
    70% of S&P 500 companies to report this season have surpassed earnings estimates, including 100% of the DJIA stocks that have reported thus far. This is what I mean by upside.

    Best of luck in your investing efforts.
    Jul 21 10:24 am |Rating: +1 0 |Link to Comment
  • 4 Unbelievable Stock Charts: Freeport-McMoran, Alcoa, Peabody and Goldman Sachs [View article]
    Naj,

    I don't contend that copper, gold, and molybdenum prices aren't core drivers of equity prices and book value. But copper is down 62% from its peak, while FCX shares are down over 80% from peak. Moly and gold pricing have obviously held up much better.

    I always subtract goodwill from my calculations. There's only about $6b of it, and if you yank it out of the picture FCX is still just .5 book. It's all about risk and reward, and I think the balance is tiled towards investors' favor at current prices.

    Best,

    RB
    Nov 24 05:43 am |Rating: 0 0 |Link to Comment
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