Its time once again to load up the truck on Freeport-McMoRan (NYSE:FCX). The reason I say once again is because the obvious, or not so obvious time was when Freeport was trading well down into the single digits two years ago. At that time, the company was under significant stress, with an overextended balance sheet and a bond market pricing in real fears of solvency. Nearly all of those issues are behind the company today and long-term projections are very bullish thanks to continued growing global GDP and the coming exponential growth of electric vehicles and green energy.
Issues In Grasberg Should Finally Be Resolved Next Year
The news was released this week that the Indonesian government is interested in buying Rio Tintos (NYSE:RIO) stake in the Grasberg mine, and plans to do so sometime next year. This relieves Freeport from needing to sell such a large stake in the mine. Oddly, the news was not met with a positive reaction. However, this could be partially explained by a sizable decline in the price of copper that same day. Regardless, for myself, and I assume for many other investors, the news is positive as it allows the Indonesian government to acquire their 51% stake in the Grasberg mine while allowing Freeport to retain a more meaningful stake than what investors had feared. At the very least, the fact that this uncertainty is resolving itself after years of hanging over the stock should be viewed as a net positive.
Top 5 High Tech Stocks To Invest In 2018: Xerox Corporation(XRX)
- [By Paul Ausick]
Xerox Corp. (NYSE: XRX) dropped about 23% on Tuesday to post a new 52-week low of $6.46 after closing at $8.73 on Friday. The dip was the result of the company’s completed separation into two firms this morning. After the early drop shares had gained around 17% by late afternoon, probably on the strength of a cash payment of $1.8 billion.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Xerox Corp. (NYSE: XRX) which rose 3.8% to $30.56. The stocks 52-week range is $22.90 to $30.76. Volume was 3.8 million compared to its average volume of 2.3 million.
Top 5 High Tech Stocks To Invest In 2018: CDI Corporation(CDI)
- [By Lisa Levin]
Shares of CDI Corp. (NYSE: CDI) got a boost, shooting up 32 percent to $8.20 as the company agreed to be acquired by AE Industrial Partners for $8.25 per share in cash.
Top 5 High Tech Stocks To Invest In 2018: UNIVERSAL INSURANCE HOLDINGS INC(UVE)
- [By Jim Robertson]
Small cap Florida insurance stock Universal Insurance Holdings (NYSE: UVE) has taken a hit with shares downalmost 17%over the past week on predictions that Hurricane Irma would hit Florida albeit sharesrose 8.51%on Friday when it became clear that it would not be as catastrophic as feared:
Top 5 High Tech Stocks To Invest In 2018: Koppers Holdings Inc.(KOP)
- [By Zacks]
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Zacks Investment Research
- [By Monica Gerson]
Koppers Holdings Inc. (NYSE: KOP) is estimated to report its quarterly earnings at $0.09 per share on revenue of $364.50 million.
DENTSPLY SIRONA Inc (NASDAQ: XRAY) is expected to report its quarterly earnings at $0.63 per share on revenue of $734.75 million.
Top 5 High Tech Stocks To Invest In 2018: Viacom Inc.(VIA)
- [By Douglas A. McIntyre]
The Pillsbury Doughboy is the mascot of the Pillsbury Company, which is owned by General Mills (NYSE: GIS) and J.M. Smucker (NYSE: SJM). The Doughboy was created by Pillsburys advertising agency almost 50 years ago. Pikachu are characters owned by The Pokemon Company International and appear in card games, video games, TV shows, movies and comic books. Founded in 1998, the Japanese company has achieved total games sales of almost 280 million. SpongeBob SquarePants was created for Nickelodeon, which is owned by Viacom (NASDAQ: VIA). The show premiered in 1999 and has spawned movies, video games and theme park rides. Ronald McDonald is a c
- [By Keith Noonan]
While 2016 played host to a range of films that underperformed, the biggest flops belonged to Disney (NYSE:DIS), Viacom (NASDAQ:VIA) (NASDAQ:VIAB) and Lions Gate Entertainment (NYSE:LGF.A). Click through the presentation below to get the details on the year’s five biggest film flops and to learn what last year’s movie misfires mean for the companies involved.