CNBC’s “Fast Money” traders share their trades for Monday, January 5. Tim Seymour said on the show he will keep his Freeport-McMoRan Inc. (FCX) long position. According to Seymour, the stock has started to bounce. FCX is currently valued at $24.47B. The name has a median Wall Street price target of $34.00 with a high target of $45.00. Shares of Freeport-McMoRan closed at $23.55 on Friday.
FCX currently prints a one year loss of about 35%.
Jim Lebenthal is a buyer of J. C. Penney Company, Inc. (JCP). He said he expects to see an improvement in the retailer’s earnings. JCP is estimated to report earnings on 02/25/2015. According to Zacks Investment Research, the consensus EPS forecast for Q4 is $0.1. The reported EPS for the same quarter last year was ($0.68).
In the past 52 weeks, shares of Plano, Texas-based company have traded between a low of $4.90 and a high of $11.30 with the 50-day MA and 200-day MA located at $6.86 and $8.57 levels, respectively. Additionally, shares of JCP trade at a P/E ratio of 0.09 and have a Relative Strength Index (RSI) and MACD indicator of 40.57 and -0.09, respectively.
JCP currently prints a one year loss of about 30.17%. Ticker closed down 2.93% to $6.29 in Friday’s trading session.
Josh Brown, meanwhile, thinks that smaller capitalized stocks will outperform larger ones in January. As a result, he said, he wants to buy the iShares Russell 2000 (IWM).
iShares closed down 0.58% to $118.93 on Friday.
David Seaburg likes Tiffany & Co. (TIF). He believes the New York-based luxury jewelry and specialty retailer is going to report strong earnings in the US. TIF currently prints a one year return of about 16%. Ticker lost $1.36, or 1.27%, to $105.50 on Friday.