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Freeport-McMoRan Outpaces S&P 500 on Copper Demand and High Beta

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Freeport-McMoRan gained 15.3% as strong copper production and AI data center demand bolster returns.
  • However, with a 0.57 correlation and over twice the volatility of the S&P 500, the stock offers return enhancement rather than true portfolio downside risk diversification.
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US500 price history

7637.76 +12.11% over the displayed period

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