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Momentum Stocks: Freeport-McMoRan Inc. (FCX), Microsoft Corporation (MSFT), Twitter, Inc. (TWTR)

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Freeport-McMoRan Inc. (FCX) retreated with the stock falling -2.13% or $-0.26 to close at $11.97 on light trading volume of 17.28M compared its three months average trading volume of 34.33M. The Phoenix Arizona 85004 based company operating under the Copper industry has been trending up for the last 52 weeks, with the shares price now 23.75% up for the period and up by 76.81% so far this year. With price target of $11.99 and a 240.06% rebound from 52-week low, Freeport-McMoRan Inc. has plenty of upside potential, making it a hold with a view buy.

Freeport-McMoRan Inc., a natural resource company, acquires, explores, and develops mineral assets, and oil and natural gas resources. The company explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, as well as oil and gas. It holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone, Henderson, and Climax in North America; Cerro Verde and El Abra in South America; and the Tenke Fungurume minerals district in the Democratic Republic of Congo, Africa. The company’s oil and gas operations include oil production facilities in the Deepwater Gulf of Mexico; oil production facilities onshore and offshore in California; onshore natural gas resources in the Haynesville shale in Louisiana; natural gas production from the Madden area in central Wyoming; and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore located in South Louisiana. As of December 31, 2015, its consolidated recoverable proven and probable mineral reserves included 99.5 billion pounds of copper, 27.1 million ounces of gold, 3.05 billion pounds of molybdenum, 271.2 million ounces of silver, and 0.87 billion pounds of cobalt; and its estimated proved oil and natural gas reserves totaled 252 million barrels of oil equivalents. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.

Microsoft Corporation (MSFT) had a light trading with around 17.27M shares changing hands compared to its three month average trading volume of 31.06M. The stock traded between $57.2 and $57.73 before closing at the price of $57.62 with 0.03% change on the day. The Redmond Washington 98052 based company is currently trading 49.04% above its 52 week low of $39.72 and -0.89% below its 52 week high of $58.5. Both the RSI indicator and target price of  and $59.5 respectively, lead us to believe that it could rise over the coming weeks.

Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. The company’s Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, and Skype, as well as related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; and Dynamics business solutions, including financial management, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of various enterprises. Its Intelligent Cloud segment licenses server products and cloud services, such as SQL Server, Windows Server, Visual Studio, System Center, and related CALs, as well as Azure, a cloud platform with computing, networking, storage, database, and management services; and enterprise services, such as Premier Support and Microsoft Consulting services that assist in developing, deploying, and managing Microsoft server and desktop solutions, as well as provide training and certification to developers and IT professionals on Microsoft products. The company’s More Personal Computing segment comprises Windows OEM, volume, and other non-volume licensing of the Windows operating system, as well as patent licensing, Windows Embedded, MSN display advertising, and Windows Phone licensing system; devices, including Microsoft Surface, phones, and PC accessories; and search advertising, including Bing and Bing Ads. This segment also provides gaming platforms, including Xbox hardware, Xbox Live, video games, and third-party video games. The company markets and distributes its products through original equipment manufacturers (OEM), distributors, and resellers, as well as through online and Microsoft retail stores. Microsoft Corporation was founded in 1975 and is headquartered in Redmond, Washington.

Twitter, Inc. (TWTR) saw its value decrease by -0.11% as the stock dropped $-0.02 to finish the day at a closing price of $18.98. The stock was lighter in trading and has fluctuated between $13.73-$31.87 per share for the past year. The shares, which traded within a range of $18.76 to $19.31 during the day, are up by 31.53% in the past three months and up by 3.72% over the past six months. It is currently trading 3.46% above its 20 day moving average and 8.8% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $16.79 a share over the next twelve months. The current relative strength index (RSI) reading is 54.38.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to create, distribute, and discover content; and Periscope and Vine, a mobile application that enables user to broadcast and watch video live. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends that enable its advertisers to promote their brands, products, and services; and subscription access to its data feed for data partners. In addition, the company offers a set of tools, public APIs, and embeddable widgets for developers to contribute their content to its platform; syndicate and distribute Twitter content across their properties; and enhance their Websites and applications with Twitter content. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.

 

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