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Mining stocks have bulldozed ahead as prices for copper, iron ore and aluminum surged. Long-term bullish outlooks for copper prices are tied to green energy and EVs.
Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Zacks Rank.
Suncor Energy (SU), Ally Financial (ALLY), CNH Industrial (CNHI), Freeport-McMoRan (FCX) and Red Rock Resorts (RRR) are five stocks with explosive relative price strength.
New Strong Buy Stocks for May 11th
Freeport-McMoRan and BioNTech were early leaders, and Chevron topped the Dow as stocks hammered out a mixed open on Monday.
This is not the highest that Freeport-McMoRan has ever traded. Funny, because Copper trading on the London Metals Exchange traded as high as $10,747 per metric ton earlier this (Monday) morning,…
By Geoffrey Smith
Stocks moving in premarket trading Monday include BioNTech, FireEye, Freeport-McMoRan and AMC Entertainment.
Surging demand, a softer U.S. dollar and a global supply deficit have copper prices at fresh all-time highs Monday, helping Freeport-McMoRan shares scale to a ten-year peak.
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Oracle, FedEx, Freeport-McMoRan and General Dynamics