Geopolitics Alpha

Is Freeport-McMoRan (FCX) Undervalued As Q3 Earnings Put Copper And Gold In Focus?

Published . Updated .

Is Freeport-McMoRan (FCX) Undervalued As Q3 Earnings Put Copper And Gold In Focus? Simply Wall Street

Directly affected

  • FCX Freeport-Mcmoran

    Named in this report.

Indirectly affected

  • ZIM ZIM Integrated Shipping

    Container lines are exposed when a shipping lane is disrupted

  • MATX Matson

    Container lines are exposed when a shipping lane is disrupted

  • DAC Danaos

    Ship owners earn more when vessels are tied up longer

  • GSL Global Ship Lease

    Ship owners earn more when vessels are tied up longer

  • XLB Materials Select Sector SPDR

    A fund of materials companies

  • GLD SPDR Gold Shares

    Gold miners and the metal move together

  • SBLK Star Bulk Carriers

    Dry-bulk carriers move with commodity shipping demand

  • GOGL Golden Ocean

    Dry-bulk carriers move with commodity shipping demand

  • NEM Newmont

    A large gold miner

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FCX———————
ZIM———————
MATX———————
DAC———————
GSL———————
XLB———————
GLD———————
SBLK———————
GOGL———————
NEM———————

Is Freeport-McMoRan (FCX) Undervalued As Q3 Earnings Put Copper And Gold In Focus? Simply Wall Street

Source: Simply Wall Street

How solid the shipping case looks

25 out of 100

“Is Freeport-McMoRan (FCX) Undervalued As Q3 Earnings Put Copper And Gold In Focus?” scores 25 out of 100. The score uses 2 sources.