Is it a Good Time to Add Freeport-McMoRan (FCX) to Your Portfolio?

Diamond Hill Capital, an investment advisor, released its “Mid Cap Strategy” second quarter 2022 investor letter. A copy of the same can be downloaded here. The second quarter was challenging for US stocks and the Russell 1000 Index fell -16.7%. The fund generated negative returns in the quarter but outperformed the Russell 2500 Index. Technology holdings and the portfolio’s below-benchmark positioning contributed to the fund’s relative performance in the quarter. In addition, you...