Pre-market Insights on Basic Materials Sector — Freeport-McMoRan, Alcoa, Century Aluminum, and Southern Copper

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Pre-market Insights on Basic Materials Sector — Freeport-McMoRan, Alcoa, Century Aluminum, and Southern Copper

On Wednesday, July 06, 2016, the NASDAQ Composite ended the trading session at 4,859.16, up 0.75%; the Dow Jones Industrial Average edged 0.44% higher, to finish at 17,918.62; and the S&P 500 closed at 2,099.73, up 0.54%. The gains were broad based as eight out of nine sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: Freeport-McMoRan Inc. (NYSE: FCX), Alcoa Inc. (NYSE: AA), Century Aluminum Company (NASDAQ: CENX), and Southern Copper Corporation (NYSE: SCCO).

 

Phoenix, Arizona headquartered natural resource Company, Freeport-McMoRan Inc.’s stock finished Wednesday’s session 3.71% higher at $10.89 with a total volume of 29.72 million shares traded. The Company’s shares have gained 13.32% in the previous three months. The stock is trading above its 200-day moving average by 17.25%. Freeport-McMoRan’s stock has a Relative Strength Index (RSI) of 48.44.

 

Alcoa Inc. engages in engineering and manufacturing lightweight metals worldwide. The stock edged 0.76% lower to close the day at $9.19. The stock recorded a trading volume of 24.54 million shares, which was above its three months average volume of 23.87 million shares. The stock is trading 0.46% above its 200-day moving average. Additionally, Alcoa’s stock has an RSI of 43.83.

 

On Wednesday, shares in Century Aluminum Co. which together with its subsidiaries, produces primary aluminum in the U.S. and Iceland, ended the session 0.77% higher at $6.54 with a total volume of 1.93 million shares traded. The stock is trading 16.78% above its 200-day moving average. Moreover, shares of Century Aluminum have an RSI of 48.68. The Company was founded in 1995 and is headquartered in Chicago, Illinois.

 

On Wednesday, shares in Southern Copper Corp. which engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador, recorded a trading volume of 1.51 million shares, which was higher than their three months average volume of 1.45 million shares. The stock ended the day 0.16% lower at $25.39. Shares of the Company traded at a PE ratio of 31.35. The stock is trading below its 200-day moving average by 4.35%. Furthermore, shares of Southern Copper have an RSI of 40.36.

 

 

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