All articles tagged with #freeport mcmoran
The article highlights the biggest midday stock movements involving companies like Novo Nordisk, ServiceNow, Freeport-McMoRan, and Structure Therapeutics, indicating notable activity in the stock market.
A mud rush at Freeport McMoRan's Grasberg copper mine in Indonesia resulted in two deaths and disrupted production until 2026, causing a 17% drop in Freeport's stock and impacting global copper supply, though copper prices rose slightly. Analysts are divided on the stock's outlook, with some upgrading and others downgrading based on the incident's long-term effects.
Freeport-McMoRan faces serious challenges after a fatal mud rush at its Indonesian Grasberg mine, resulting in two deaths, operational halts, and significant production delays, with ongoing investigations and financial impacts including insurance claims and stock decline.
The article highlights three undervalued dividend stocks—United Parcel Service, Freeport-McMoRan, and Texas Instruments—that present attractive opportunities for passive income investors, despite recent market volatility and sector-specific challenges, due to their strong yields, long-term growth potential, and strategic positioning in their industries.
Copper prices surged due to tariffs, boosting mining stocks like Freeport-McMoRan and Southern Copper, but recent analyst downgrades citing macroeconomic concerns and valuation issues have led to declines in their shares, with expectations of falling copper prices and sluggish demand in the near future.
Intel's CEO Patrick Gelsinger makes bold claims for the new chip at the Intel Ocotillo Campus in Chandler, Arizona, while CNBC's Investing Club discusses bad calls on Wells Fargo and Freeport-McMoRan in their Homestretch update.
Copper miner Freeport-McMoRan is investigating a cybersecurity incident that has affected its information systems. The company's shares fell as a result, and while the impact has been limited so far, a prolonged disruption could potentially impact future operations. Freeport-McMoRan is working on implementing transitional solutions to secure its information systems as quickly as possible.
The Dow closed slightly higher, ending a four-week losing streak, as mixed quarterly earnings reports from companies weighed on investor sentiment. Freeport-McMoran Copper & Gold reported better-than-expected earnings but warned of ongoing labor shortages, causing its shares to drop. HCA Holdings Inc jumped more than 4% after upgrading its annual guidance. Tech stocks stuttered ahead of big tech's quarterly earnings next week, while Amazon rose more than 3% after announcing plans to restructure its Whole Foods business. Energy stocks were soured by Schlumberger NV's weaker margins and cashflow. Economic indicators showed a return to expansion.