Global Equity Analytics & Research Service LLC.
Robert Gay, Director of Research — Website: http://www.the-gears.com
Freeport McMoran Cop-Gold (FCX) $67.97 – May 17, 2010 (http://www.google.com/finance?q=fcx)
Current Positive factors are:
Disclaimer: Robert Gay (GEARS) owns FCX in his Covestor Earnings Surprise Model.
As of May 17, 2010, the shares of Freeport McMoran Cop-Gold have advanced significantly relative to the S&P index since the November, 2008 low.
The shares have been highly correlated with trends in Growth Factors. The dominant factor in the Growth group is income taxes to sales which has been highly correlated with the share price with a two quarter lead.
Currently, sales growth is high in the record of the company and higher than during 1Q2010. The shares have been highly correlated with the direction of sales growth.
The company is recording a rising gross margin. SG&A expenses are low in the record of the company, but falling. Higher gross margins and lower SG&A expenses are producing a leveraged acceleration in EBITD relative to sales.
Capital expenditures are high in the record of the company and falling. That implies that the company has further capability to accelerate free cash flow relative to sales with lower Capital expenditures. Higher EBITD margins and lower Capital expenditures are producing a leveraged acceleration in free cash flow relative to sales.
The shares have been very highly inversely correlated with interest costs/sales(inverted). Net Cash from Shareholders is falling. The shares have been highly inversely correlated with shareholders capital (inverted).
The shares are trading at lower-end of the volatility range in a 18 month rising relative share price trend.
