Free Port-McMoran (NYSE:FCX) and other stocks to Buy!!!

155

By Thomas Copeland on September 16, 2014 Financial

For the 5 main stock market averages the weekly charts have remained affirmative as Dow Transport is now to be included in the S&P 500 and Nasdaq in oversold territory on their slow speculative readings.

The Dow transport was the only one of those 5 whose balance touched the peak at intraday by reaching 8,607.65 on Sep 8^th. The transport index also enjoyed the biggest yearly gain till date at 16% as compared to a mere 2.5% for the Dow Jones Overall Industrial Average.

The S&P 500 and Nasdaq are up at 7.4% and 9.4% respectively while Russell 2000 is down to 0.3%. The ValueTrader Model Portfolio had a happening week with a total of five position changes.

Denbury Resources (NYSE:DNR): -0.25% entered this model portfolio on a good note, even though the oil and gas companies working for the production of natural gas in the Gulf Coast region has been trading low after seeing the high of $18.59 on June 23^rd.

According to ValueEngine.com the stock has a purchase rating that’s 8.1% underrated with a price target at $17.29 per year. It annual trailing-price-to-earning quota is 14.4 with 1.6% being the dividend revenue.

Joy Global (NYSE:JOY) -0.17% joined the model portfolio on a good note and canceled its limit order to purchase weakness at $59.57 quarterly value level. The producer of surface mining equipment transposed as high as $65.36 on July 15^th and closed at a $58.53 moving average on its 200-day last week.

According to Value Engine, JOY (NYSE:JOY) has a purchase rating that is 4.2% underrated with a price target at $63.92 per year. Its annual trailing-price-to-earning quota is 18.4 with 1.4% being the dividend revenue.

Fluor (NYSE:FLR) -0.17% was included in the model portfolio on a good note and canceled its limit order to purchase weakness at $71.47 to a monthly value level. The engineering, acquisition, contraction and Maintenance Company transposed at $83.93 as the highest on Jan 22^nd and $69.58 as the lowest last week.

According to Value Engine, Fluor (NYSE:FLR) has a purchase rating that is 4.4% underrated with a yearly price target at $75.61. Its annual trailing-price-to earning quota is 17.3 with 1.2% being the dividend revenue.

FreePort-McMoRan (NYSE:FCX) enrolled in the model portfolio on a good note at $34.24 and canceled its limit order to purchase weakness at $34.30 as last week’s value level. The last week trade of copper, gold and silver went to the high of $39.32 on July 10^th and fell as low as $33.91 under its 200-week SMA at $34.78.

According to Value Engine Freeport (NYSE:FCX) has a purchase rating that is 1.8% overrated with $36.60 being the annual price target. Its annual trailing-price-to-earning quota is 13.0 with 3.7% being the dividend revenue.

The subscribed members of Value Trader Model Portfolio got a Value Trader alert through e-mail last Friday telling them to remove Ericsson (NASDAQ:ERIC) from the model portfolio at $12.77 on a decline to hold from purchase. At the same time the S&P 500 was at a high of 2.1%.