Freeport-McMoRan (NYSE: FCX) announced that it will sell its 80 percent ownership interest in the Candelaria/Ojos del Salado copper mining operations and supporting infrastructure to Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) for $1.8 billion in cash and contingent consideration of up to $0.2 billion.
DuPont’s stock jumped sharply a couple of weeks ago when activist investor Trian launched a campaign to break up the giant chemical company. We think you should take advantage of this jump to sell DuPont and lock in your profits. Let someone else play the activist game. If you like the chemical sector, and we still do, Dow Chemical (recommended in January of this year) looks like a better value.
These contrarian stock picks represent a diverse group of companies that have been among the worst performers in the Russell 2000 over the past year or so, trade reasonably actively and have decent businesses with good long term investing turnaround potential.
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