Freeport-McMoRan Inc

FCX remains in a Stage 2 advancing phase with the long-term uptrend intact. The stock is pausing within the 20-day EMA / 50-day SMA support zone near $72.50. Medium- and long-term directional biases are bullish, but short-term conditions are neutral amid extreme overbought context. Favor deferred entry on a clean pullback into the EMA zone with acceptance above to confirm buyer control.

• ↑Q2’26 revenue +25% YoY to $6.4B; net income +65% YoY to $1.1B.
• ↑2026 unit cash costs projected at $1.90/lb demonstrate tight cost discipline.
• ↓Diesel price hike raises costs by ~$500M annually, pressuring margins.