Freeport-McMoRan Inc. (NYSE:FCX)’ stock is holding above their moving averages, indicating a postitive uptrend for Basic Materials company.

Investors may be trying to gauge the current business cycle phase and how that could potentially impact the portfolio. Business cycles can be one way to analyze portfolio performance. Early on in the cycle, profits tend to grow rapidly, sales tend to improve, and activity rebounds. In the middle of a cycle, growth may be peaking, strong credit growth may still be seen, and policy may swing neutral. Toward the later stages, growth may be moderate, earnings may come under pressure, and credit may tighten. Heading into a period of recession, credit may completely dry up, profits may decline sharply, and there may be policy easing. Investors will often have to adjust portfolio holdings that reflect the current state of a business cycle.

In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average.  The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands 6.64% away from its 50-day simple moving average and -9.09% away from the 200-day average. The price currently stands at $10.14.

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Freeport-McMoRan Inc. (NYSE:FCX)‘s stock was -1.65%.  -12.66% over the last quarter, and  -18.42% for the past six months. 

Over the past 50 days, Freeport-McMoRan Inc. stock was -7.57% off of the high and 20.28% removed from the low.  Their 52-Week High and Low are noted here.  -30.90% (High), 20.28%, (Low). 

The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 61.42 for Freeport-McMoRan Inc. (NYSE:FCX).

Returns & Recommendation

The consensus analysts recommendation at this point stands at 2.50 on this stock.  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell.  The Street has a 12.55 target price on the shares for the next 12-18 months.

Stock market investing can indeed tug on an individual’s emotional strings. When the market becomes tumultuous, investors may be tempted to act impulsively, or they may freeze and not act at all. Being prepared for various scenarios may help the investor better deal with the market when the time comes. Staying disciplined with portfolio rebalancing and asset allocation may be a big help for the individual investor. Investors who constantly try to outguess the market and chase winners may eventually find themselves swimming upstream. Staying the course and keeping a logical perspective may assist the investor with making the tricky portfolio decisions when necessary.  

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