AHL's Daily Finance Resource

FCX in the news

ahampton — Wed, 11 Jun 2008 15:41:17 +0000

The wall street journal website reported that Vale, the Brazilian miner will sell up to $15 Billion dollars in shares. To speculate what they might do with this money, they mention that FCX one of our favourites here, could be a way for the

miner to enter into the red hot copper market. With one analyst calling for $200 per share on this stock based on fundamentals and the expected prices of the commodities this company deals with, any offer would have to be pretty strong and even if this speculation doesn’t transpire into a buyout, Freeport-McMoRan is a strong buy at $120.

Mid day market review

ahampton — Wed, 21 May 2008 18:02:42 +0000

The down is down about 80 points at midday today as oil has hit yet another new high crossing the 132$ a barrel mark. Look for the fed minutes at 2 to set the pace for the rest of the week in the market.

Expect oil and commodities to pull back slightly in the future as they have had quite a run.

Market recap

ahampton — Tue, 20 May 2008 20:44:34 +0000

The market sold off after a few solid days of price rises in stocks. Oil crossed 129$ a barrel as commodities and ag bucked the down trend. Mad money did a special on dry bulk shippers last night officially signaling a near term top.

I sold my GNK at 81 early last week and will buy back in at between 65 and 70.

mid day market recap

ahampton — Mon, 19 May 2008 18:46:51 +0000

At mid day today we have the market relatively flat after soaring early from better than expected economic figures.

Tech is struggling to gain any footing today and commodities are leading the market once again.

Market Recap

ahampton — Fri, 16 May 2008 20:25:03 +0000

The market ended the week on a flat note, however Commodities and Ag stocks soared for the third day in a row as oil hit yet another new high.

Lets be serious here; oil isn’t going to fill the gap from 90 so start investing like 120$ oil is here to stay.

Mid day market review

ahampton — Fri, 16 May 2008 17:36:06 +0000

The market is slightly to the downside today as consumer confidence and tech is a drag on the market. Oil has hit yet another high today of 128 while GS raised their second half 08 oil estimate of 141$ per share. The fact is that oil is here to stay, I seriously doubt that we ever see 100$ oil again, at least for a very long time. There is just too much growth on the demand side. This does create a fantastic opportunity to build positions in both RIG and NOV knowing that exploration and capital expenditure in this space is going to skyrocket.

Market Recap

ahampton — Thu, 15 May 2008 22:34:09 +0000

The market surged today on the backs of an oil recovery and higher commodity prices. The commodities bull is back and its going to drag any shorts in its wake. Wait for a pullback to sink anymore funds, however I did add to my RIG position at 148 yesterday.

Market Recap (GCX, RIG, GNK)

ahampton — Thu, 15 May 2008 21:16:00 +0000

The stock market was positive by a nice margin for its second straight day, with investors delighted by a pullback in oil prices on the heels of better then expected economic data.

Wall Street has been concerned about consumers cutting back their spending, so they were pleased that the energy markets gave up their early gains today of better then $125 a barrel.

The three companies mentioned here were the benefactor of investors coming back to the market and looking for quality companies to put their money in. With these earnings and over all current price per share, these stocks will continue to see new money as it comes back to the market.

(RIG: 66.97 0.00 0.00%, cap: 21.368B)
(FCX: 20.24 0.00 0.00%, cap: 7.651B)
(GNK: 9.22 0.00 0.00%, cap: 290.6M)

Market Recap

ahampton — Thu, 15 May 2008 03:46:45 +0000

The market sputtered to a higher close today after being up as high as 150 points on the dow earlier. We are very close to breaking out, however expect another day or two of potential flatness in commodities before oil pushes higher and the dollar weakens again. On a side note, I must appologize for the website being down. Apparently someone is trying to crash the server that it is hosted on.

Market Recap

ahampton — Tue, 13 May 2008 20:06:21 +0000

Today ended relatively flat, with the NASDAQ up slightly driven by the possiblity of a proxy fight for Yahoo. There was a significant amount of negative information reported to the market today and the market still stayed relatively steady. Expect to be slightly up the remaining 3 days of the week.