Reported 12 months ago
Traders are advised to avoid Freeport-McMoRan Inc (NYSE:FCX) and Newmont Corporation (NYSE:NEM) in the third quarter, as suggested by Schaeffer's Senior Quantitative Analyst based on their historical underperformance. Both stocks have consistently shown losses over the past 10 years, with FCX dropping by an average of 7.2% and NEM by 10% in the third quarter. FCX is currently trading at $50.75 with a 19.3% gain in 2024, while NEM is at $43.37 with a 4.6% year-to-date increase.
Source: YAHOO