as of Oct 26
FCX
DefensiveFREEPORT-MCMORAN INC
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.
Close · 3M
-7.06%
Held by 3 AI ETFs
Signal performance
Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.
AIEQ · Weight decrease · 2d
weight 2.040% → 1.950% (-0.090 pp)·stock up 1.2% in the 30 days before
Oct 15·entry $70.06·now $65.18
AIEQ · Weight decrease · 3d
weight 2.030% → 1.980% (-0.050 pp)·stock up 3.5% in the 30 days before
Oct 9·entry $73.69·now $65.18
AIEQ · Weight decrease · 2d
weight 2.030% → 2.000% (-0.030 pp)·stock down 6.7% in the 30 days before
Oct 8·entry $71.14·now $65.18
AIEQ · Weight decrease · 2d
weight 2.250% → 1.970% (-0.280 pp)·stock down 2.6% in the 30 days before
Oct 2·entry $72.04·now $65.18
AIEQ · Weight decrease · 2d
weight 2.290% → 2.240% (-0.050 pp)·stock down 8.5% in the 30 days before
Sep 25·entry $72.31·now $65.18
AIEQ · Accumulation · 5d
weight 2.150% → 2.290% (+0.140 pp)·stock down 6.7% in the 30 days before
Sep 23·entry $72.58·now $65.18Fresh
AIEQ · Weight increase · 4d
weight 2.150% → 2.230% (+0.080 pp)·stock up 3.5% in the 30 days before
Sep 20·entry $72.16·now $65.18Fresh
AIEQ · Weight increase · 3d
weight 2.150% → 2.200% (+0.050 pp)·stock up 3.5% in the 30 days before
Sep 18·entry $71.54·now $65.18Fresh
AIEQ · Weight increase · 2d
weight 2.150% → 2.170% (+0.020 pp)·stock up 6.8% in the 30 days before
Sep 17·entry $70.85·now $65.18Fresh
AIVL · Weight decrease · 3d
weight 0.720% → 0.655% (-0.065 pp)·stock down 11.0% in the 30 days before
Oct 22·entry $64.59·now $65.18
AIVL · Weight decrease · 2d
weight 0.720% → 0.702% (-0.018 pp)·stock down 7.3% in the 30 days before
Oct 21·entry $68.90·now $65.18
AIVL · Weight decrease · 5d
weight 0.765% → 0.716% (-0.049 pp)·stock down 1.8% in the 30 days before
Oct 16·entry $69.54·now $65.18
AIVL · Weight decrease · 4d
weight 0.765% → 0.721% (-0.044 pp)·stock up 1.2% in the 30 days before
Oct 15·entry $70.06·now $65.18
AIVL · Weight decrease · 3d
weight 0.765% → 0.723% (-0.042 pp)·stock up 0.3% in the 30 days before
Oct 14·entry $69.62·now $65.18
AIVL · Weight decrease · 2d
weight 0.765% → 0.749% (-0.016 pp)·stock up 4.4% in the 30 days before
Oct 13·entry $72.42·now $65.18
AIVL · Weight decrease · 4d
weight 0.773% → 0.745% (-0.028 pp)·stock down 6.7% in the 30 days before
Oct 8·entry $71.14·now $65.18
AIVL · Weight decrease · 3d
weight 0.773% → 0.756% (-0.017 pp)·stock down 6.2% in the 30 days before
Oct 7·entry $71.86·now $65.18
AIVL · Weight decrease · 2d
weight 0.773% → 0.760% (-0.013 pp)·stock down 0.2% in the 30 days before
Oct 6·entry $72.56·now $65.18
AIVL · New entry · 1d
weight 0 → 0.773% (new)·stock down 2.6% in the 30 days before
Oct 2·entry $72.04·now $65.18Fresh
Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.
Buffett-style framework
The AI ETFs, particularly AIEQ, are holding a significant weight in Freeport-McMoRan and have shown mixed accumulation and reduction trends recently. This stands in contrast to a Buffett-style framework, which would likely deem the company "Too Hard" to evaluate due to the inherent unpredictability of commodity businesses. While AI models might find patterns or momentum in commodity stocks, a fundamental value investing approach prioritizes predictable earning power above all else.
- Circle of CompetenceAs a primary copper producer, Freeport-McMoRan's unit economics are highly exposed to volatile commodity prices, making ten-year cash flow projections genuinely unpredictable.
- Economic MoatThe analysis was halted at Stage 1 due to the unpredictability of the business.
- ManagementThe analysis was halted at Stage 1 due to the unpredictability of the business.
- Financial HealthThe analysis was halted at Stage 1 due to the unpredictability of the business.
- Margin of SafetyThe analysis was halted at Stage 1 due to the unpredictability of the business.
Freeport-McMoRan, as a copper producer, falls outside the bounds of a predictable circle of competence required for a Buffett-style analysis. The inherent volatility of commodity prices makes reliable long-term cash flow projections infeasible. Therefore, a value investor would likely conclude that this business is too difficult to understand and predict its future earnings, regardless of its current price or other qualitative factors.
Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.