Grasberg

The risk/reward on Freeport-McMoRan Inc (NYSE: FCX) may be significantly skewed to the downside, according to Morgan Stanley’s Evan L Kurtz, given that the stock appears to be pricing in copper at $.275/lb, meaningfully ahead of the estimate of an average $2.43/lb over the next three years....

U.S. stocks declined as investors continue to question China's growth prospects following Monday's shocking report that its exports had tumbled in February. Certainly not helping investor sentiment is the fact that Crimea's parliament voted to declare independence from Ukraine. This weekend,...