Discover and read the best of Twitter Threads about #fcx
Most recents (2)
Congrats, I heard you won $61bn in the lottery
Thanks, I guess inflation has some benefits
What are you going to buy?
I’m thinking shares, I don’t like the negative real yields of bonds & cash
but I’m worried about the macro outlook, so I want the latest info
Well let’s
Thanks, I guess inflation has some benefits
What are you going to buy?
I’m thinking shares, I don’t like the negative real yields of bonds & cash
but I’m worried about the macro outlook, so I want the latest info
Well let’s
2/
take a look at 2 companies that reported on Thursday night to see what’s on offer
For $61bn, you could buy 100% of Freeport-McMoran, (#FCX ) the world’s 3rd largest copper miner
sounds interesting, I know EVs use lots of copper
Revenue for trailing 12 mths (TTM) was $25bn
take a look at 2 companies that reported on Thursday night to see what’s on offer
For $61bn, you could buy 100% of Freeport-McMoran, (#FCX ) the world’s 3rd largest copper miner
sounds interesting, I know EVs use lots of copper
Revenue for trailing 12 mths (TTM) was $25bn
3/
Operating income was $9.6bn (GAAP)
and Free Cash Flow (FCF) was $5.6bn
~ 10% FCF yields sound great
Yes, but copper prices are high so maybe earnings aren’t sustainable
Ok, what do management think?
CEO - “The case for copper as a commodity is strong. I've been saying
Operating income was $9.6bn (GAAP)
and Free Cash Flow (FCF) was $5.6bn
~ 10% FCF yields sound great
Yes, but copper prices are high so maybe earnings aren’t sustainable
Ok, what do management think?
CEO - “The case for copper as a commodity is strong. I've been saying
#DowJones #NASDAQ #SP500
Leadership has changed in the markets
Since the March lows, tech, specifically cloud-based tech has lead the markets higher. Companies like #Square #SQ have more than tripled in share price while the S&P 500 is up 40%
Leadership has changed in the markets
Since the March lows, tech, specifically cloud-based tech has lead the markets higher. Companies like #Square #SQ have more than tripled in share price while the S&P 500 is up 40%
However, in the last few weeks this has changed. Former market leaders like #SQ or #Shopify #SHOP have been trading sideways
Meanwhile, industrial plays like @FM_FCX #FreeportMcmoran #FCX and #JohnDeere #DE have barely corrected at all, soaring to new highs.
Meanwhile, industrial plays like @FM_FCX #FreeportMcmoran #FCX and #JohnDeere #DE have barely corrected at all, soaring to new highs.
The market is sensing that the next major move will be driven by fiscal spending and the @realDonaldTrump #Trump administration’s coming infrastructure program
