FCX Stock Slides 6% On Copper Mega-Merger. What Next?
1. Freeport-McMoRan stock dropped 5.9% following a competitor's major acquisition. 2. Competition in the copper market is intensifying, increasing demand factors. 3. FCX has historically shown sharp dips but they generally recover over time. 4. Recent downturns indicate FCX's resilience is weaker compared to S&P 500. 5. Concerns arise about FCX's ability to withstand further price declines.