Freeport-McMoRan Inc. (FCX ), headquartered in Phoenix, Arizona, operates one of the world’s largest copper and gold deposits in the Grasberg minerals district in Indonesia and significant copper, gold and molybdenum mining operations in the Morenci minerals district in North America and the Cerro Verde operation in South America. Today they posted their Q2 financial results as […]

Driven by broad-based organic growth across all segments, 3M Company (MMM- Free Report) reported strong second-quarter 2017 results with healthy year-over-year increase in earnings and revenues. GAAP earnings for the reported quarter were $1,583 million or $2.58 per share compared with $1,291 million or $2.08 per share in the year-earlier quarter. The year-over-year improvement in earnings was largely […]

Trading Strategy Since Fed Chairwoman Janet Yellen testified to Congress mid-month, a run-up has taken over in both bonds and stocks. Yellen’s note of caution over months of lackluster inflation has led investors to expect a slower pace of monetary tightening that could extend this “Goldilocks” environment that supports both assets. In the updated chart […]

Low-cost carrier, JetBlue Airways Corporation’s (JBLU – Free Report) second-quarter 2017 earnings (excluding special items) of 64 cents per share beat the Zacks Consensus Estimate by 8 cents, which pleased the investors. Consequently, shares of the company rallied in early trading. Moreover, quarterly earnings improved 20.75% from the year-ago figure. Results were aided by higher revenues. Operating revenues came […]

Today the Richmond Fed Manufacturing Composite Index increased 3 points to 14 from last month’s 11. Investing.com had forecast 4. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 9.3, indicates expansion. Seasonal adjustment factors were recalculated to better reflect current economic trends […]