The accompanying table presents a 20-stock defensive growth portfolio which I believe will outperform the overall market as measured by the S&P 500 Index as the current panic trade comes to an end and investors stop selling stocks regardless of their fundamentals. The average PEG ratio for this group of stocks is below one and the average dividend yield of 4.4% is nearly two times the S&P 500 ETF (SPY) yield of 2.4%. All of the stocks have a market cap over $1B with an average of just under $75B and the indust
FCX is a good example of a value play (trading at less than 5X forward earnings) resulting from the broad-based sell-off in commodities and forced hedge fund liquidation. Now trading in mid-$40's, which puts it at a 3-year low and dividend yield of just below 4%.
Workers at Freeport-McMoRan's FCX.N: Cerro Verde copper mine, the third largest in Peru, went out on strike for higher wages.
The disputes, which come as Peru's Congress is debating revisions to the county's mining tax code, are the latest in a long series of protests.
Peru's economy grew some 9 percent last year, helped by high prices for minerals exports. But workers say they are not benefiting from the country's 7-year economic boom and are tired of waiting.
"We demand mining taxes are redistributed in a fair way.
One of the biggest steals I've seen since MA went public. I will buy 1000 shares: $65,000 worth and make a quick $35,000 ($100 target) profit in months time. I guarantee it.
There are a couple things going on in this stock that lead me to believe it's a good short-term play.
First of all, there have been reports that there has been significant forced liquidations by firms with large positions in FCX over the course of the past week. The stock has traded as if that is exactly what's going on; It began 9/11/08 down over $6.00 while other commodity plays were performing much better.
Secondly, there have been repeated takeover rumors during the course of the past month. And those rumors were happening when the stock was trading over $110 a share. If thos
Merriman upgraded Smith & Wesson (NASDAQ:SWHC) to Buy from Neutral on valuation after channel checks indicated an increase in gun sales in October after an Obama win became apparent. The firm believes shares can trade up into the $4 to $5 range.
Credit Suisse upgraded Wells Fargo (NYSE:WFC) to Outperform from Neutral citing the company's impr
"This is truly a spectacular opportunity to lock in solid gains for the next leg up in commodities," explain Yiannis Mostrous and Roger Conrad.
The co-editors of Vital Resource Investor add, "Freeport Copper & Gold (NYSE: FCX), our favorite copper play, is certainly cheap enough to be bought at once, with the caveat that we may not have hit bottom."
"Deep value and generous dividends don’t normally come to mind with vital resources and the companies that produce them. But that’s precisely what we’re seeing here in late October.
"Resource stocks are cheap now for one major reason: the strong co
Freeport McMoRan stumbled out of the gate this morning after releasing an earnings report that showed slowing demand for copper in China as the world begins to worry about slowing economies everywhere. The price of copper fell dramatically over the past quarter after an incredible run with a number of other commodity names like oil, gas, wheat, coal, and others. This drop in pricing power made it difficult for the Phoenix based miner and producer of gold and cooper to make it's expected earnings numbers for the quarter.
Freeport McMoRan stumbled out of the gate this morning after releasing an earnings report that showed slowing demand for copper in China as the world begins to worry about slowing economies everywhere. The price of copper fell dramatically over the past quarter after an incredible run with a number of other commodity names like oil, gas, wheat, coal, and others. This drop in pricing power made it difficult for the Phoenix based miner and producer of gold and cooper to make it's expected earnings numbers for the quarter.
Government spending to help commodities?
- It seems like we have had an over correction in the commodities markets but despite what we are hearing from some sell side analysts I dont think that
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"This is truly a spectacular opportunity to lock in solid gains for the next leg up in commodities," explain 
