Copper(IN00318.US)

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Copper
IN00318.US
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Concurrent Investment Advisors LLC Has $3.15 Million Stock Position in Freeport-McMoRan Inc. $FCX

Concurrent Investment Advisors LLC increased its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 66.9% in Q3, owning 80,240 shares valued at approximately $3.15 million. Other institutional investors also adjusted their positions, with TD Private Client Wealth LLC and Tokio Marine Asset Management Co. Ltd. increasing their stakes. Analysts have mixed ratings on FCX, with a majority rating it as a Buy. Positive sentiment surrounds the stock due to rising copper prices and its inclusion in top commodity picks for 2026, attracting institutional interest.

Market Beat·
US
FCX
+1.70%
Market Beat·
US
FCX
+1.70%

Copper Will Go 'Parabolic': Chamath Predicts A Squeeze

Investor Chamath Palihapitiya predicts that copper will go "parabolic" in 2026 due to a supply shortage and the geopolitical strategy known as the "Trump Doctrine." This strategy emphasizes national security and economic reshoring, leading to a domestic supply squeeze. Copper is essential for various sectors, including AI, defense, and energy transition, with futures recently hitting record highs around $6.10 per pound. Investors can consider ETFs and stocks of domestic copper miners like Southern Copper Corp., Rio Tinto, and Freeport-McMoRan to capitalize on this trend.

benzinga_article·
US
SCCO
+3.38%
US
RTPPF
+2.72%
US
RIO
+2.74%
benzinga_article·
US
SCCO
+3.38%
US
RTPPF
+2.72%
US
RIO
+2.74%

Top 5 US Stock Gainers/Losers (>100B) (1.14)

Accenture(ACN) rose 4.24%, with a trading turnover 1.8 Billion USD, and a year-to-date rose 8.2%. ConocoPhillips(COP) rose 4.02%, with a trading turnover 1.4 Billion USD, and a year-to-date rose 7.2%. AppLovin(APP) fell 7.61%, with a trading turnover 5.1 Billion USD, and a year-to-date fell 8.3%. Intuit(INTU) fell 6.39%, with a trading turnover 2.7 Billion USD, and a year-to-date fell 14.3%.

Top Gainers & Losers·
US
ACN
+4.24%
US
COP
+4.02%
US
MUFG
+3.83%
Top Gainers & Losers·
US
ACN
+4.24%
US
COP
+4.02%
US
MUFG
+3.83%

Freeport-McMoRan Inc. Stock Outperforms Competitors On Strong Trading Day

Shares of Freeport-McMoRan Inc. (FCX) rose 1.70% to $60.35, marking its fourth consecutive day of gains, despite a decline in the broader stock market. The S&P 500 fell 0.53%, while the Dow Jones dropped 0.09%. Freeport-McMoRan reached a new 52-week high, surpassing its previous peak of $60.09. The trading volume was 19.7 million, exceeding the 50-day average of 16.1 million. In comparison, competitor Newmont Corp. (NEM) fell 0.42% to $114.15.

Dow Jones·
US
FCX
+1.70%
Dow Jones·
US
FCX
+1.70%

BUZZ-Copper miners gain as red metal hits record high

Shares of copper miners rise, tracking gains in red metal prices (MET/L) Benchmark three-month copper on London Metal Exchange (CMCU3) up 0.4% at $13,218 per metric ton, after touching a record $13,407 earlier in the session Prices rise on persistent demand from speculative funds, but some investors wary that rally will deter industrial buyingU.S.-listed shares of global mining giants: Rio Tintoup 2.5%; BHP Groupgains 2.3%Southern Coppergains 2.6%; Freeport-McMoRanup marginallyCanadian miners: Teck Resources (TECKb.TO) up 2.2%; Hudbay Minerals (HBM.TO) gains 1.4%

Reuters·
US
TECK
+4.80%
UK
RIO
0.00%
US
RTPPF
+2.72%
Reuters·
US
TECK
+4.80%
UK
RIO
0.00%
US
RTPPF
+2.72%
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