Freeport-McMoRan Inc. (NYSE:FCX) is one of the stocks on Jim Cramer’s game plan for this week. Cramer noted that the stock tends to go down after it reports. He said:
"Now, we know copper and gold have been red-hot, so I have to believe that Freeport-McMoRan, a copper and gold producer, will get its fair share of money coming in. I like gold, and I think that even up here, it can still be bought. As for copper, it’s a little pricey, but it is needed in the data center. Look, it’s a twofer. Stock… has tended to go down after it reports."
Image by Csaba Nagy from Pixabay
Freeport-McMoRan Inc. (NYSE:FCX) is a mining company producing copper, gold, molybdenum, silver, and other metals. ClearBridge Investments stated the following regarding Freeport-McMoRan Inc. (NYSE:FCX) in its fourth quarter 2025 investor letter:
"Most recently this included adds to Freeport-McMoRan Inc. (NYSE:FCX), a global copper producer and one of our top contributors for the quarter, following a price drawdown related to an operational incident late in the third quarter. We believe management handled the situation effectively, and the dislocation reinforced our view that duration can be an advantage when owning high-quality assets tied to long-term secular demand."
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Disclosure: None. This article is originally published at Insider Monkey.