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Shares of Freeport-McMoRan Inc. (NYSE:FCX) scaled a fresh 52-week high of $19.79 on Jan 2, before closing the day at $19.77.
The company has a market cap of roughly $28.6 billion. Average volume of shares traded in the last three months is around 16.9 million.
Freeport’s shares have surged 62.1% in the last six months, significantly outperforming the industry’s 37.3% growth.
Zacks Rank & Other Stocks to Consider
Freeport currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Huntsman Corporation (NYSE:HUN) , Daqo New Energy Corp. (NYSE:DQ) and Kronos Worldwide Inc. (NYSE:KRO) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Huntsman has an expected long-term earnings growth rate of 8%. Its shares have soared 73.6% in the last year.
Daqo New Energy has an expected long-term earnings growth rate of 7%. Its shares have rallied a whopping 216.7% over a year.
Kronos Worldwide has an expected long-term earnings growth rate of 5%. Its shares have surged 104.5% in the last year.
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A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline. Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
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