5 Must-Watch Commodity Earnings This Week
With Alcoa (AA) kicking off earnings season last week, investors will spend the next few weeks combing through quarterly statements from their favorite commodity firms. Though Alcoa beat EPS estimates and saw a healthy net income, revenue fell short, leaving a somewhat mixed feeling for the stock. What is perhaps more important than the reports themselves is the particular outlook that each company provides; 2013 has been anything but kind to commodities and investors will pay extra attention to forecasts for the near future [for more commodity news and analysis subscribe to our free newsletter].
Inside A Slaughter: Why Freeport McMoRan (FCX) Lost 16%
Trading in the overall market was relatively normal yesterday; your average worry about the fiscal cliff and Europe snuck their way in, but there was nothing out of the ordinary. That is, until you looked at Freeport-McMoRan’s (FCX) stock for the day. This major copper and gold producer was absolutely slaughtered, as investors participated in one of the nastiest sell-offs we have seen in recent weeks. But the massive drop had nothing to do with the commodities they produce, but rather a questionable business move that left many scratching their heads [for more copper and gold news subscribe to our free newsletter].
