Why These Five Stocks Are in Spotlight Today?

Shares of Freeport-McMoRan Inc (NYSE:FCX) have plunged by over 10% after the company said it had agreed to sell its stake in the Democratic Republic of Congo-based copper mine Tenke Fungurume for $2.65 billion. The stake will be sold to China Molybdenum and will allow Freeport-McMoRan Inc (NYSE:FCX) to repay some of its debt. Analysts consider the value of the deal to be fair, but investors became concerned over the company’s situation, since the mine was considered as one of Freeport’s most important copper assets. Icahn Capital was one of the largest shareholders of Freeport-McMoRan Inc (NYSE:FCX) at the end of 2015, holding 104.0 million shares. So far in the current round of 13F filings, Murray Stahl‘s Horizon Asset Management reported holding 146,955 shares of the company.

JD.Com Inc (ADR) (NASDAQ:JD)’s stock has slid by around 7% so far today on the back of the company posting revenue of $8.27 billion for the first quarter, up by 47% on the year, but below the estimates of $8.33 billion. The company’s earnings of $0.02 per ADS were in line with estimates. For the current quarter, JD.com expects sales in the range of $9.85 billion to $10.16 billion. JD.Com Inc (ADR) (NASDAQ:JD) remains affected by the slowdown in Chinese economy and, including today’s losses, the stock has lost 27% year-to-date. There were 78 investors from our database long JD.Com Inc (ADR) (NASDAQ:JD) heading into 2015 and they held nearly 39% of the outstanding stock.

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