Mining stock Freeport-McMoRan (FCX) soared to the top of the S&P 500 today as copper traded a new 52-week high.
Shares of Freeport-McMoRan climbed 7.1% to $12.09 today, while the S&P 500 rose 0.4% to 2,139.53. Copper gained 3.1% to $2.3790 a pound, a new 52-week high.
On Saturday, the Institutional View’s Andrew Addison highlighted the potential upside in Freeport-McMoRan:
With the bullish price action of Copper, we are recommending FREEPORT-MC MORAN (FCX-11.05). A turnaround story would be hastened if I am correct that Copper has begun a cyclical advance that projects to $2.75-3.00. Following two quarters of losses, Freeport reported earnings of $.13/share versus a loss of ($.15) last year. Full-year consensus estimates are for a profit of $.32/share versus just $.03/share last year. 2017 estimates are for profits of $1.10-1.15/share.
Top Stocks To Invest In 2019: iShares MSCI Europe Financials Sector Index Fund(EUFN)
Advisors' Opinion:- [By Todd Shriber, ETF Professor]
The iShares MSCI Europe Financials ETF (NASDAQ: EUFN) is down just over 1 percent year-to-date. While it's not alarming decline by any mean, it's a broad view: a more focused look at EUFN reveals the exchange traded fund resides about 11 percent below the 52-week high it set in February.
Top Stocks To Invest In 2019: DCT Industrial Trust Inc(DCT)
Advisors' Opinion:- [By Stephan Byrd]
Teza Capital Management LLC bought a new stake in DCT Industrial Trust Inc (NYSE:DCT) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,379 shares of the real estate investment trust’s stock, valued at approximately $359,000.
- [By ]
For an "Executive Decision" segment, Cramer spoke with Hamid Moghadam, chairman and CEO of the logistics REIT, Prologis Inc. (PLD) , which recently announced the acquisition of DCT Industrial Trust (DCT) .
- [By Ethan Ryder]
Get a free copy of the Zacks research report on DCT Industrial Trust (DCT)
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- [By Joseph Griffin]
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of DCT Industrial Trust Inc (NYSE:DCT) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,570 shares of the real estate investment trust’s stock after acquiring an additional 1,044 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in DCT Industrial Trust were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.
Top Stocks To Invest In 2019: ConocoPhillips(COP)
Advisors' Opinion:- [By Matthew DiLallo]
As things stand right now, analysts anticipate that at least some Iranian oil will come off the market as a result of the sanctions. That lost output would further tighten an oil market that suddenly has little margin for error thanks to red-hot demand and tame supply growth. That's the recipe for higher oil prices and could make top-tier U.S. oil stocks Anadarko Petroleum (NYSE:APC), Devon Energy (NYSE:DVN), and ConocoPhillips (NYSE:COP) big winners in the coming years.
- [By Reuben Gregg Brewer]
ConocoPhillips (NYSE:COP) and ExxonMobil Corporation (NYSE:XOM) are both large, international oil and natural gas producers. While they share many attributes, there are a couple of key differences. And those differences are what makes one appropriate for conservative investors and the other for more aggressive investors. Here's what you need to know about these two energy stocks to decide which one is right for you.
- [By Matthew DiLallo]
ConocoPhillips (NYSE:COP) has been one of the best-performing oil stocks in the market recovery. One of the fuels driving its outperformance has been the company's efforts to reshape its portfolio. Those actions not only brought in some cash to pay off debt and buy back stock but have sharpened its focus on its best assets.


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