Billionaire Ken Fisher’s 5 Stock Picks with Huge Upside Potential

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In this article, we discuss billionaire Ken Fisher’s 5 stock picks with huge upside potential. To read Fisher’s comments on current economic conditions and details about his Q3 bets, go directly to Billionaire Ken Fisher’s 10 Stock Picks with Huge Upside Potential.

5. Freeport-McMoRan Inc. (NYSE:FCX)

Ken Fisher’s Stake Value: $2.039 billion

Average analyst price target: $45.64

Average analyst price target upside: 15.14%

Freeport-McMoRan Inc. (NYSE:FCX) is an Arizona-based mining company. It is the world’s largest producer of Molybdenum and has major operations in copper and gold. Most of the company’s revenues are generated from copper.

Hedge funds were quite bullish on Freeport-McMoRan Inc. (NYSE:FCX) in the third quarter. The number of hedge fund holders increased to 73 in Q3 from 66 in the previous quarter. Moreover, the total hedge fund investments in Freeport-McMoRan Inc. (NYSE:FCX) increased by nearly 146% quarter-over-quarter to $3.39 billion in Q3.

Based on the average price target of 11 analysts, Freeport-McMoRan Inc. (NYSE:FCX)’s stock has an upside potential of 15.14%.

Follow Freeport-Mcmoran Inc (NYSE:FCX)

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