Tag: investing

Freeport-McMoRan (NYSE: FCX) engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. 

After a stellar 2017, FCX fell 46% in 2018 in large part to the drop in copper amid the US-China trade war.

As a result FCX received several downgrades from Wall Street in 2018.  The last downgrade was from RBC Capital, in November to “underperform” from “sector perform” and reduced their price target on FCX from $16 to $15.

FCX is expected to announce earnings on

Brazil stocks have been rallying since Bolsonaro’s presidential victory in October last year. 

While the global equity markets tanked in the fourth quarter, the Brazil’s Bovespa index gained 11% in the final quarter of 2018.  Brazil’s economy has struggled for growth in recent years.  Brazil also has massive pension issues.  For example, Brazil’s current retirement age is 60 for men and 55 for women which has has put a strain on the system. But global investors think Bolsonaro will make the changes necessary to help and grow the country’s economy again.

The most popular Brazilian ETF, iShares MSCI Brazil, EWZ, rose

CSX reported near double-digit top-line growth for their fourth quarter after the closing bell on Wednesday.   CSX’s volume and pricing strength led to mid- to high-single-digit revenue growth in a number of freight categories, including chemicals, automotive, forest products and coal.   However,  CSX told investors to expect low-single-digit revenue growth in 2019, a 7% decrease from 2018.

CSX is in an “unfamiliar position,” as Wednesday’s earnings report did not consist of its typical big beat and management’s tone during the conference was void of any “swagger,” Shanker said in a Thursday note.

CSX said it can’t identify any trend in its business

Shares of Sherwin-Williams tanked on Tuesday after the company warned that its earnings in 2018 came well short of guidance, citing weak sales in North American stores. 

The paint maker on Tuesday reported its preliminary results for the fourth quarter and full year 2018. Net income for 2018 is now expected to be $11.15 a share, well below previous guidance of between $13.85 and $14 a share. Shares of the lost more than 6% in Tuesday’s session.

Analysts will often look at the Sherwin-Williams as a barometer for health of the consumer and housing market.

Sherwin-Williams will continue to operate its own

They say the Russell 2000 leads the way down and leads the way up. 

The Russell 2000 lead the way down last quarter dropping almost 30% from its Aug 31 high vs the S&P 500 dropping almost 15% over the same period.

What a difference a new quarter and year make. The Russell 2000 has led the broader market, rising nearly 8% vs the S&P 500’s nearly 5% rise.  However, the Russell 2000 leading the broader markets might be short lived. 

Usually towards the end of the business cycle, rising interest rates hurt smaller companies the most because they have a higher debt

Three weeks ago, I wrote about GE because I was starting to see articles questioning whether GE had bottomed.

But before considering going long, the conviction for me would be if price can pull back to the daily demand at $6.75, then take out the $8 level, the bottom in GE would be more convincing at that point.

Has GE Bottomed???

GE not only came back to retest the daily demand at $6.75, but closed above the $8 level.

Now the same analyst who upgraded the stock, when it was in the $6 range citing a more citing a more “balanced risk-reward” profile and