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Stock Market & Financial Investment News

News Breaks
April 3, 2014
08:30 EDTFCXFreeport McMoRan upgraded to Outperform from Neutral at Macquarie
News For FCX From The Last 14 Days
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July 24, 2014
10:03 EDTFCXOn The Fly: Analyst Downgrade Summary
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07:45 EDTFCXFreeport McMoRan downgraded at BofA/Merrill
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06:10 EDTFCXFreeport McMoRan downgraded to Neutral from Buy at BofA/Merrill
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July 23, 2014
10:40 EDTFCXFreeport McMoRan expects $4B-$5B in asset sales to accelerate debt reduction
Meanwhile, Freeport McMoRan expects to buy additional interest in deepwater Gulf of Mexico in hundreds of millions to add to the company's potential. The company says delays in obtaining approvals would result in monthly deferral of 50M lbs of copper and 80,000 ounces of gold. It sees positive global demand for the copper market, with China remaining solid. It sees the market will be helped by general economic recovery and Europe gradually strengthening from a low base. The supply side will create tightness, however, as more companies defer projects. The long-term fundamentals for copper, though, support a positive outlook. Expects first production at Lucius to be in 2H14 with a potential of more than 300 MMBoe gross resource potential. Expects first production at Heidelberg to be in mid-2016 with 200-400 MMBoe gross resource potential. Comments taken form Q2 earnings conference call.
08:13 EDTFCXFreeport McMoRan says encouraged by talks with the Indonesian government
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08:08 EDTFCXFreeport McMoRan sees FY14 operating cash flows $6.8B
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08:06 EDTFCXFreeport McMoRan sees Q3 copper sales 1.1B lb, gold sales 445K oz
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08:05 EDTFCXFreeport McMoRan sees FY14 copper sales 4.1B lb, 1.3M oz gold
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08:03 EDTFCXFreeport McMoRan reports Q2 EPS 46c, consensus 51c
Reports Q2 revenue $5.52B, consensus $5.34B. Consolidated sales for Q2 totaled 968M pounds of copper, 159K ounces of gold, 25M pounds of molybdenum and 16.0M barrels of oil equivalents, compared with 2Q13 sales of 951M pounds of copper, 173K ounces of gold, 23M pounds of molybdenum and 5.0 MMBOE reflecting oil and gas results beginning June 1, 2013.
July 22, 2014
15:30 EDTFCXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
14:08 EDTFCXEarnings Preview: Freeport McMoRan sentiment positive ahead of Q2 report
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July 17, 2014
07:42 EDTFCXThe Federal Energy Regulatory Commission (FERC) to hold a meeting
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