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Main » Freeport-McMoran, Inc. (FCX) Holdings Boosted by Morse Asset Management Inc

Freeport-McMoran, Inc. (FCX) Holdings Boosted by Morse Asset Management Inc

14 November 2017

The total value of its holdings increased 13.4%. Wyndham Worldwide Corp now has $10.75 billion valuation. The stock increased 2.46% or $0.48 on November 10, reaching $19.98. Icahn Carl C who had been investing in Freeport for a number of months, seems to be bullish on the $20.88 billion market cap company. Wyndham Worldwide Corporation (NYSE:WYN) has risen 43.20% since November 12, 2016 and is uptrending. It has underperformed by 12.66% the S&P500. Freeport-McMoran Copper & Gold had 86 analyst reports since July 28, 2015 according to SRatingsIntel. 2,992,443 shares of the stock were exchanged, compared to its average volume of 21,539,439. As of the end of the quarter Sumitomo Mitsui Trust Holdings, Inc. had disposed of 44,009 shares trimming its stake by 1.0%. Freeport now has $20.86 billion valuation.

Shares of Freeport-McMoran (NYSE:FCX) traded down $0.31 during mid-day trading on Friday, reaching $14.41. About 13.52 million shares traded.

Indexiq Advisors Llc decreased its stake in Freeport (FCX) by 79.65% based on its latest 2017Q2 regulatory filing with the SEC. It has underperformed by 9.87% the S&P500. Gemmer Asset Mngmt Limited Liability Company accumulated 0.03% or 5,497 shares. Company insiders own 1.29% of the company's stock.

Among 31 analysts covering Macy's Inc. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Therefore 26% are positive.

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Among 30 analysts covering International Business Machines (NYSE:IBM), 9 have Buy rating, 5 Sell and 16 Hold. The rating was downgraded by Berenberg on Wednesday, November 30 to "Sell". The firm has "Buy" rating by Deutsche Bank given on Saturday, August 29. The rating was maintained by Morgan Stanley with "Overweight" on Thursday, March 31. The stock of Macy's Inc (NYSE:M) earned "Market Perform" rating by Cowen & Co on Monday, October 26. Lincoln National reported 10,178 shares stake. SunTrust maintained Wyndham Worldwide Corporation (NYSE:WYN) rating on Tuesday, October 17. The firm earned "Buy" rating on Monday, October 23 by Stifel Nicolaus. M Partners maintained it with "Buy" rating and $77.0 target in Thursday, January 14 report. Therefore 67% are positive.

Freeport-McMoran (NYSE:FCX) last posted its earnings results on Wednesday, October 25th. The rating was maintained by Credit Suisse with "Underperform" on Tuesday, July 19. The stock of Freeport-McMoRan Inc (NYSE:FCX) has "Neutral" rating given on Tuesday, September 1 by Citigroup. The company was maintained on Monday, August 29 by Dougherty & Company. Finally, Jefferies Group set a $15.00 price objective on Freeport-McMoRan and gave the company a "buy" rating in a research note on Sunday, October 16th. The stock has "Mkt Perform" rating by FBR Capital on Friday, February 3. FBR & Co reiterated a "neutral" rating and set a $12.00 price target (down from $13.00) on shares of Freeport-McMoran in a research report on Thursday, September 14th.

Investors sentiment decreased to 0.82 in 2017 Q2. It dived, as 72 investors sold FCX shares while 201 reduced holdings. 68 funds opened positions while 121 raised stakes.

Indexiq Advisors Llc, which manages about $1.21 billion and $2.08B US Long portfolio, upped its stake in Ishares Silver Trust (SLV) by 94,947 shares to 349,845 shares, valued at $5.50 million in 2017Q2, according to the filing.

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Freeport-McMoRan Inc. (FCX)'s distance from 200 day simple moving average is 6.65 percent, its distance from 50 day simple moving average is -0.4 percent, while its distance from 20 day simple moving average is -1.45 percent.

More notable recent Freeport-McMoRan Inc (NYSE:FCX) news were published by: Nasdaq.com which released: "Contrarius Investment Management Ltd Buys Freeport-McMoRan Inc, Biogen Inc ..." on November 08, 2017, also Seekingalpha.com with their article: "Violence threatens Freeport's Grasberg copper mine in Indonesia" published on November 09, 2017, Seekingalpha.com published: "Freeport-McMoRan: Reversing Higher" on October 18, 2017.

When we see the company's Volatility, it now has a monthly volatility of 2.67% and weekly volatility of 2.77%. Hutchin Hill Capital Lp invested 0.19% in Freeport-McMoRan Inc (NYSE:FCX). Wellington Shields Com Ltd Limited Liability Company holds 11,600 shares or 0.05% of its portfolio. The value of the company's investment in Freeport-Mcmoran Inc increased from $46,205,000 to $54,550,000 a change of 18.1% for the reporting period. State Teachers Retirement Sys reported 0.55% stake. Moreover, Glenmede Comm Na has 0.38% invested in Wyndham Worldwide Corporation (NYSE:WYN) for 947,519 shares. Hennessy Advsrs has 242,700 shares for 0.09% of their portfolio. Finance Counselors Inc holds 88,967 shares. Systematic Financial Management Lp has invested 0.19% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). (NYSE FCX) traded up $0.04 during midday trading on Monday, hitting $14.46. After $1.12 actual EPS reported by Medtronic plc. Following the completion of the purchase, the director now directly owns 65,523 shares of the company's stock, valued at $702,406.56. Cibc World Markets has 0.04% invested in Freeport-McMoRan Inc (NYSE:FCX) for 313,644 shares.

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Freeport-McMoran, Inc. (FCX) Holdings Boosted by Morse Asset Management Inc