Freeport-McMoRan Copper & Gold Inc. (FCX) Is Also In The S & P 500 (SPX)
Thanks to Kevin in Phoenix for performing that due diligence:
http://finance.yahoo.com/q/cp?s=%5EGSPC&c=3
Since NEM and SPX work so well as lead indicators we probably don't need to use FCX, but it's good to know it's in SPX. I've noticed that FCX seems to trade like a copper stock and can run counter to gold/silver stocks at times, though that's just a relatively weak observation, not strong research. I haven't closely followed FCX in a while, but it's in my streamer when the market's open. I usually have a lot of stocks in my streamer though. Happy New Year!
http://finance.yahoo.com/q/cp?s=%5EGSPC&c=3
Since NEM and SPX work so well as lead indicators we probably don't need to use FCX, but it's good to know it's in SPX. I've noticed that FCX seems to trade like a copper stock and can run counter to gold/silver stocks at times, though that's just a relatively weak observation, not strong research. I haven't closely followed FCX in a while, but it's in my streamer when the market's open. I usually have a lot of stocks in my streamer though. Happy New Year!
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