Freeport McMoRan (FCX) closed at $61.48. Copper is recently up 1.64% to 282.50 according to Bloomberg. June put option implied volatility of 65, July is at 62, August is at 61, November is at 57, versus its six-month average of 47, according to Track Data, suggesting non-directional price movement.

Vivus (VVUS) closed at $11.88. A U.S. FDA advisory committee is tentatively set to review the company's new drug application for experimental Qnexa obesity treatment on July 15. VVUS June put option implied volatility is at 73, September is at 180, December is at 151, versus its 26-week average of 100, according to Track Data, suggesting larger price movement.

Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Freeport McMoRan (FCX) closed at $87.33. Copper is recently up 0.51% to 361.30 according to Bloomberg. FCX is expected to announce Q1 EPS in late April. May put option implied volatility is at 39, August puts are at 40, versus its 26-week of average of 44, according to Track Data, suggesting decreasing price movement.

Chesapeake Energy (CHK) closed at $24.58. CHK is scheduled to report Q1 EPS on May 3. Natural gas is recently down 1.08% to 4.042, according to Bloomberg. May put option implied volatility is at 37, July is at 39, below its 26-week average of 42, according to Track Data, suggesting decreasing price movement.

Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Just look at the recent side-ways action by Freeport McMoRan (FCX), which I first discussed here on March 23, 2009, at a price of $41.87. Back then I thought of the stock as an extended buy opportunity of one of the business world's the premier companies.

Simply, Freeport is in the catbird seat regarding two key commodities: copper and gold. Hence, look for 15-20% revenue growth with FCX in 2010.

"We recommend Freeport-McMoRan (FCX), which bills itself as "the world's largest publicly-traded copper company". However, it also owns large deposits of gold and molybdenum," says Glenn Rogers.

The contributing analyst to The Internet Wealth Builder adds, "We also recommend BHP Billiton Ltd. (BHP), an Australian-based mining giant that has diversified into other areas such as crude oil, natural gas, and, most recently, potash in Saskatchewan. Its mineral assets include aluminum, silver, uranium, nickel, iron, diamonds, lead, and more.

Proshares UltraShort Barc 20 Year Treasury ETF (TBT) closed at $50.01. The Federal Reserve Board raised the rate charged to banks for direct loans by a quarter of a point to 0.75%. TBT March call option implied volatility is at 21, puts at 23; June is at 23, puts at 26; September calls are at 23, puts at 28, below its 26-week average of 32, according to Track Data, suggesting decreasing price movement.

Freeport McMoRan (FCX) closed at $76.60. Copper futures are recently down 0.56% according to Bloomberg. March call option implied volatility is at 42, puts at 45; May calls are at 43, puts at 47; verses its 26-week of average of 48, according to Track Data, suggesting non-directional price movement.

Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

This may prove to be the stock investment of the year: Freeport McMoRan Copper & Gold (FCX), and I'm obviously reiterating my buy rating for the company's shares, first recommended on March 23, 2009 at a price of $41.87.

If you bought Freeport in March 2009, you're up more than 100%; if you missed the March 2009 entry point, fear not -- there's more ahead.

Ford (F) closed at $12.11. The company is introducing new products at the North American International Auto Show this week. F is expected to report Q4 EPS in late January. February option implied volatility is at 47; March is at 45; below its 26-week average of 54, according to Track Data, suggesting decreasing price movement.

Freeport McMoRan (FCX) closed at $88.09. Copper futures are recently down 1.15%, according to Bloomberg. FCX is expected to report Q4 EPS on January 21. Feburary call option implied volatility is at 36, puts at 38; May is at 36, puts at 40; below its 26-week of average of 51, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

The Street.com's Jim Cramer says that OPEC may take oil out of the equity-market equation and make stock-picking matter again.

If OPEC says it likes an oil price in the $75-78 range, as it said today, we could be looking at a nirvana moment for stocks. We know that any time oil bounces, the S&P 500 futures go up. Any time it goes down, the S&P futures go down. But if OPEC wants to keep it right here, we take oil out of the equation and make stock-picking matter again.

Right now, the Saudis are telling the big oil-shipping companies that they want to bring 1 million barrels a day into the market straight away to keep oil below $80. That can be used to overwhelm the speculators who are tying up as much as 20% of the oil fleet in the world to keep oil off the market and buoy its price. But they will not bring the oil to the market below $75.

TheStreet.com's Jim Cramer says at least one country is getting it right when it comes to economic stimulus.

How in the heck can you get 16% industrial growth and lower-than-expected consumer price inflation? How is that possible? Yet that's what we saw from China last night, and that's a tonic to pretty much everyone who is waiting for our own stimulus to kick in.

And we need it.

On Monday, Fluor (FLR) (Cramer's Take), the giant construction company, when asked if it could quantify the value of stimulus dollars currently in backlog, said "Really, the only stimulus funding we have seen directly has been the award that we got at Savannah River for some nuclear soil remediation. And, it was, I would say, we're less than $0.5 billion."

High growth/modest risk plays don't appear too often, but Freeport McMoRan Copper & Gold (NYSE: FCX) is one, which is why I'm Reiterating my Buy rating for the company's shares, first recommended on March 23, 2009 at a price of $41.87.

If you bought Freeport in March, you're up an impressive 97%, and there's much more ahead.

Analyst upgrades:

• Deutsche Bank upgraded Freeport McMoRan (NYSE: FCX) to Buy from Hold to reflect the company's better than expected Q3 results and improved volume outlook. Deutsche raised its target on shares to $100 from $72.
• Thomas Weisel upgraded Motorola (NYSE: MOT) to Overweight from Market Weight and raised its target to $11 from $7 and said they expect Motorola to benefit from several upcoming catalysts that include new Android-based smartphone products and they believe the handset division could break even by year end of 2010.
• Janney Montgomery upgraded Regal Entertainment (NYSE: RGC) and Cinemark (NYSE: CNK) to Buy from Neutral on expectations both companies will benefit from a strong box office in Q4. The firm has a $14 price target on Regal shares and a $13.50 target on Cinemark shares.
• Marshall & llsley (NYSE: MI) was upgraded to Neutral from Underweight at JPMorgan.
• F5 Networks (NASDAQ: FFIV) was upgraded to Neutral from Sell at UBS.
• William Blair upgraded Lindsay Corporation (NYSE: LNN) to Outperform from Market Perform.

Diamonds Fund (NYSE: DIA) closed at $100.86.39 DIA is an ETF whose objective is to correspond to the price and yield performance of the Dow Jones Industrial Average-DJIA. DIA November call option implied volatility is at 15, puts are at 20, December call volatility is at 16, puts at 22; below its 26-week average of 23, according to Track Data, suggesting decreasing price movement.

Freeport McMoRan (NYSE: FCX) closed at $78.63. FCX is expected to report Q3 EPS on October 21. FCX November call option implied volatility is at 42, puts at 45, December calls are at 42, puts are at 46; below its 26-week of average of 60, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

TheStreet.com's Jim Cramer says you take your life into your own hands if you fade the opening in today's market.

A year ago with the futures up, all you could think of is how much you wanted to "fade" that opening, how great it would be just to lay out any shorts into strength. You could choose pretty much anything going into earnings season.

The techs? Last good quarter. The banks? A travesty. You didn't even know if the banks you are short would survive. The oils? Free fall. The metals? Amazing downward pressure coming from hedge fund redemptions. The insurers? Will they make it? Retail? The balance sheets looked terrible going into what would be a terrible holiday selling season. The autos and auto-related? Disaster.

Three stocks that deserve special call-out, in my view, for those investors who can tolerate moderate risk, due to their favorable risk/return.

Freeport McMoRan (NYSE: FCX). The global recovery appears to be underway, and with it demand for key commodities, such as copper, will increase. And Freeport, the world's second largest producer of copper, is poised to capitalize. Sell/Stop Loss if you were to buy shares in FCX: $32.

Freeport McMoRan (NYSE: FCX) closed at $65.48. Copper is recently up 3.85% to 296.250 according to Bloomberg. FCX call option volume of 44,375 contracts compares to put volume of 19,700 contracts. FCX September option implied volatility is at 48, November is at 55; below its 26-week of average of 65, according to Track Data, suggesting decreasing price movement.

streetTracks (NYSE: GLD) is recently down 18 cents to $93.69 in pre-open trading. Gold is recently down 0.34% to $955.55 according to Bloomberg. GLD September call option implied volatility is at 15, puts are at 16, October calls are at 17, puts are at 19; below its 26-week average of 26, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com