FCX - Freeport-McMoRan

Great fundamental play tied to copper price. Setting up for another run off the moving averages. Ross sees copper as the commodity of the decade.

The stock is showing a strong bullish pattern and is positioned to benefit from the tightening copper market.

FCX is the number one domestic copper producer, breaking out to fresh highs above $70 after a textbook consolidation pattern. The host featured it in a previous video and was buying around $71. It is described as a leadership stock at the beginning of a new uptrend.

FCX is the largest US copper miner and is just breaking out with the same shallowing pattern as the others. Ross sees it as viable at about $70/share with a target around $90-95 based on historical breakout moves.

Cited as a top copper miner that went from $4 to $63 during the 2003-2011 supercycle, representing the kind of leveraged copper exposure investors should consider

Freeport-McMoRan is described as the most important copper company on earth, with major operations across the Americas including the Grasberg mine. Copper demand is tied to AI data centers, EVs, power grids, defense, and infrastructure. Despite short-term operational challenges in 2025, long-term copper demand is expected to remain strong. The company reported $6.3 billion in 2026 revenue and $881 million net income, with $3.7 billion in cash. The host sees it as a global copper powerhouse that Wall Street will favor if China trade opens up.

Ross is very bullish long-term on copper and FCX as one of the biggest copper miners. However, currently in a range-bound consolidation between 5.25 and 6.75. Not ready for a breakout buy yet.

Cited as a repeat crash winner — rallied 10x from the 2020 COVID crash and 7x from the 2008 financial crisis. Identified as a deep value recovery play with exposure to copper and the commodity super-cycle theme. Felix uses it as a primary example of the type of stock to watch for when a crash occurs.

As America's largest copper supplier, FCX will benefit from increased copper demand from AI data centers, EVs, and renewable energy infrastructure as part of US-China trade talks.

Closest pure-play copper company on the planet. Copper up 40% over last year. Bloomberg projects million metric ton copper deficit. Every EV, solar panel, wind turbine, and data center needs copper. Wall Street calls copper 'the new oil.'