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We recently published 10 Trending Stocks Moving These Days. Freeport-McMoRan Inc (NYSE:FCX) is one of the trending stocks moving these days.
Steven Grasso, the CEO of Grasso Global, said in a recent program on CNBC that he likes Freeport-McMoRan.
“I’m going to finish where we started. I’m going to go with Freeport-McMoRan Inc (NYSE:FCX). We talked about copper. I’m long it—I’m staying long. And who knows, maybe Lutnick (US Commerce Secretary) announces something.”
Diamond Hill Large Cap Concentrated Fund stated the following regarding Freeport-McMoRan Inc. (NYSE:FCX) in its Q4 2024 investor letter:
“Among our bottom individual contributors in Q4 were HCA Healthcare and Freeport-McMoRan Inc. (NYSE:FCX). Copper-focused mining company Freeport-McMoRan faced declining copper prices amid a generally challenging macroeconomic environment, including a strong US dollar, ongoing US-China trade tensions, the potential for increased tariffs under President-elect Trump’s administration and general post-election uncertainty.”
While we acknowledge the potential of FCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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