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Should Freeport Pursue Lundin Mining?

Freeport McMoran Copper (FCX) is a miner of copper, gold and molybdenum. It has operations in North and South America, Indonesia and Africa, and competes with other miners such as the Southern Copper (SCCO), Codelco and Newmont Mining (NEM).

Continue reading Should Freeport Pursue Lundin Mining?

Cramer's metal armor

On today's STOP TRADING segment on CNBC, Jim Cramer said you need to look at the smaller sub-$5 Billion stocks in the metals sector since it looks like the huge mergers in the group may have happened. Two names he gave were Teck Cominco Ltd. (NYSE:TCK) and Lundin Mining (NYSE:LMC). He still maintains that Alcoa Inc. (NYSE:AA) will not be a public company next year, despite the 3% drop today on word that BHP Billiton (NYSE:BHP) is not going to acquire it.

We'll see if this really ends up being the case if Alcoa ends up being acquired. These huge metals companies may not be quite as easy to acquire as some pundits think, even if a billion dollars isn't worth anything compared to what it once was. Lundin was one of those lesser known and lesser followed metals stocks we reviewed in May as an overlooked metals stock when shares were at $12.70 or so.

Jon Ogg is a partner at 24/7 Wall St.; he does not own securities in the companies he covers.

Jim Cramer's big list: 'Wild Bull Market' picks

On tonight's MAD MONEY on CNBC, Jim Cramer discussed where the "Wild Bull Markets" are that you want to be in for the rest of the year. He has six bull markets and he thinks this full year will be in bull market mode for these sectors and stocks.

1) Agriculture: The subsidies bring in $55 billion in revenues to large farm companies alone. His three picks in this are Deere & Co. (NYSE: DE), Monsanto Co. (NYSE: MON), and Sociedad Quimeca y minea (NYSE: SQM).

2) Machinery: His pick is Caterpillar Inc. (NYSE: CAT).

3) Infrastructure, perhaps the most wild bull market: the two cheapest after the big runs are Foster Wheeler (NASDAQ: FWLT) and McDermott Intl. (NYSE: MDR).

4) Aerospace: Cramer's pick is Boeing Co. (NYSE: BA) and he now thinks it will pass $100.

5) Oil & Gas, which were down hard today: Halliburton Co. (NYSE: HAL) is his number one service and driller; in Oil Royal Dutch Shell (NYSE: RDS.A).

6) Minerals, where the mergers are nuts: The buy for the things the Chinese use is Freeport-McMoRan Copper and Gold (NYSE: FCX) for copper and gold that could see its 9-times earnings go to 12-times.

Continue reading Jim Cramer's big list: 'Wild Bull Market' picks

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Last updated: May 27, 2012: 06:23 AM

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