Freeport McMoRan (FCX +5.1%) is among the day's top gainers after posting better-than-expected...


Freeport McMoRan (FCX +5.1%) is among the day's top gainers after posting better-than-expected earnings and copper sales. CEO Richard Adkerson foresees improvement in U.S. copper demand, predicting 20% volume growth in 2013 followed by another 15% in 2014, and says copper costs should drop ~10% to $1.35/lb. by year-end 2013.

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Comments (4)
  • TakeFive
    , contributor
    Comments (5130) | Send Message
     
    Could be a wedgie for the shorts
    22 Jan 2013, 02:31 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10249) | Send Message
     
    Lets's hope so, may set up a push back to $40.
    22 Jan 2013, 02:55 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Long, and just closed out short puts at near full profit.
    22 Jan 2013, 02:35 PM Reply Like
  • Jean Smith
    , contributor
    Comments (143) | Send Message
     
    I am 92yrs old.and have been making LOTS of money in the market.I have bought and sold,and bought FCX,many times over the years,and ALWAYS made money.sold it last @ $72.00,and bought it back @ $32.20.I am not a financial planner.Just a wise investor.I buy what no one else wants,and wait.My latest purchases were Carnival Cruises,and Diamond Foods.Patience is the name of the game I am making$600.00 on Carnival and losing$300.00 on Diamond.Should Diamond fall more I will buy another 100 shrs.Must mention,I bought HQP,and am ahead $400.00
    22 Jan 2013, 03:12 PM Reply Like
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