FCX - Freeport-McMoRan

Long-term bullish on copper, but chart is not ready for a swing trade. Needs tighter consolidation.

Shallowing pattern, needs to firm up and break out. Copper tied to infrastructure and AI, but sensitive to geopolitics.

Freeport-McMoRan is mentioned as a valuation comparison — it did $26B in revenue but is valued at only $100B, which is 17.5x less than SpaceX's valuation. Used to illustrate how absurd SpaceX's valuation is relative to real businesses.

Described as the world's largest publicly traded copper producer with global operations. The host states that if AI-driven copper demand rises, Freeport-McMoRan benefits immediately. He emphasizes that NVIDIA needs the copper FCX produces, calling it 'key' and noting the company has significant room to grow.

Largest copper miner in the US. Copper is extensively used in AI data centers and anything requiring power. Stock has clean consolidation pattern with resistance at $70, showing absorption and compression. Every breakout in FCX has worked beautifully over the past 1.5-2 years. Buy point at $72 with 8-10% stop.

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