We recently published 10 Trending Stocks Moving These Days. Freeport-McMoRan Inc is one of the trending stocks moving these days.
Steven Grasso, the CEO of Grasso Global, said in a recent program on CNBC that he likes Freeport-McMoRan.
“I’m going to finish where we started. I’m going to go with Freeport-McMoRan Inc. We talked about copper. I’m long it—I’m staying long. And who knows, maybe Lutnick (US Commerce Secretary) announces something.”
Diamond Hill Large Cap Concentrated Fund stated the following regarding Freeport-McMoRan Inc. in its Q4 2024 investor letter:
“Among our bottom individual contributors in Q4 were HCA Healthcare and Freeport-McMoRan Inc. (NYSE:FCX). Copper-focused mining company Freeport-McMoRan faced declining copper prices amid a generally challenging macroeconomic environment, including a strong US dollar, ongoing US-China trade tensions, the potential for increased tariffs under President-elect Trump’s administration and general post-election uncertainty.”
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This article is originally published at Insider Monkey.
