Freeport-McMoran Testing $52 (FCX)

Freeport-McMoran FCX shares just tested the $52.00 level in morning trading on Tuesday. Currently, the stock has lost 1.78% to $52.02. Freeport has been under pressure over the last month, falling 8.7% during that time period. If current trends persist, this dip in FCX could be a very good entry point. The company should continue to benefit from higher inflation expectations along with a recovery in the global economy. Rising interest rates, however, in emerging economies such as China and India have put a near-term cap on the stock, which is also digesting worse than expected guidance from the company.