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Today’s Research Reports on Trending Tickers: Cleveland-Cliffs and Freeport-McMoRan

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / February 16, 2018 / U.S. markets continued to rally for the fifth consecutive day on Thursday, after being hit with a sharp correction last week. The Dow Jones Industrial Average gained 1.23 percent to close at 25,200.37, while the S&P 500 jumped 1.21 percent to close at 2,731.20. The Nasdaq Composite Index spiked 1.58 percent to close at 7,256.43, as tech giants Alphabet and Netflix all posted gains. Last week on February 8th the major indexes closed down 10 percent from the highs set on January 26th.

"The volatility we saw in that correction is here to stay," said Maris Ogg, president at Tower Bridge Advisors, according to CNBC. "We don't have the dampening mechanisms we had in previous years. ... But frankly, the path of least resistance is still up and fundamentals haven't really changed.".

RDI Initiates Coverage on:

Cleveland-Cliffs Inc.
https://rdinvesting.com/news/?ticker=CLF

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Freeport-McMoRan, Inc.
https://rdinvesting.com/news/?ticker=FCX

Cleveland-Cliffs' stock edged 0.68% higher Thursday, to close the day at $7.37. The stock recorded a trading volume of 8,937,333 shares, which was below its three months average volume of 13,633,235 shares. In the last year, Cleveland-Cliffs' shares have traded in a range of 5.56 - 12.22. The share price has gained 32.55% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $7.62 is greater than its 200-day moving average of $7.16. Shares of the company are trading at a Price to Earnings ratio of 5.78. Shares of Cleveland-Cliffs have fallen roughly 15.09 percent in the past month and are up 2.22 percent year-to-date.

Access RDI's Cleveland-Cliffs Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CLF

On Thursday, shares of Freeport-McMoRan recorded a trading volume of 21,663,125 shares, which was above the three months average volume of 20,471,148 shares. The stock ended the day flat at 19.12. The share price has gained 73.03% from its 52-week low with a 52-week trading range of 11.05 - 20.25. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $19.11 is greater than its 200-day moving average of $15.80. Shares of Freeport-McMoRan are trading at a Price to Earnings ratio of 15.26. Shares of Freeport-McMoRan have fallen roughly 3.19 percent in the past month and are up 0.84 percent year-to-date.

Access RDI's Freeport-McMoRan, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FCX

Our Actionable Research on Cleveland-Cliffs Inc. (NYSE:CLF) and Freeport-McMoRan, Inc. (NYSE:FCX) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com