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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Wall Street Fundamentals Releases New In-Depth Stock Reports on FCX, SCCO, TCK and TGB

ACCESSWIRE

Copper’s recent surge, which was attributed to an improving Chinese economy, has begun to stall. Copper prices spiked approximately 7.8 percent through the first half of August, but have since fallen roughly 2.8 percent from last month’s peak. One sign of slowing demand has been the inventories at warehouses in Shanghai, which have fallen from as high as a million tons early this year to currently around 400,000 tons. "We're unlikely to see any surprise in copper demand from China this year," said Yang Changhua, a Beijing-based analyst at Beijing Antaike Information Development Co. "Even if we do have so-called additional supportive measures from the government or the economy seems to stabilize, the impact on the copper sector would be quite limited and usually macro policies have a lagged behind impact on the micro levels," Mr. Yang added.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX - News) shares traded in the range of $30.94 to $31.25 Tuesday before settling to close at $31.12, an increase of 2.98 percent. The stock appears to be facing some resistance at the $31.23 and $31.47 levels with some support at $30.59. Shares of Freeport-McMoRan have gained approximately 6.5 percent in the past month.

More information on Freeport-McMoRan and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FCX

Southern Copper Corp. (NYSE:SCCO - News) shares traded in the range of $27.41 to $28.28 Tuesday before settling to close at $27.75, an increase of 0.91 percent. The stock appears to be facing some resistance at the $28.25 and $30.59 levels with some support at $26.31. Shares of Southern Copper have gained approximately 4.0 percent in the past month.

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More information on Southern Copper and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SCCO

Teck Resources Ltd. (NYSE:TCK - News) shares traded in the range of $25.84 to $26.41 Tuesday before settling to close at $26.01, an increase of 3.05 percent. The stock appears to be facing some resistance at the $27.02 and $27.72 levels with some support at $25.99. Shares of Teck Resources have fallen approximately 28.0 percent in the past month.

More information on Teck Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TCK

Taseko Mines Limited (NYSEMKT:TGB - News)(TSX:TKO.TO - News) shares traded in the range of $2.06 to $2.14 Friday before settling to close at $2.06. The stock appears to be facing some resistance at the $2.22 and $2.32 levels with some support at $2.02. Shares of Taseko Mines have gained approximately 3.0 percent in the past month.

More information on Taseko Mines and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TGB

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com