Freeport-McMoRan Copper & Gold, Inc. (NYSE:FCX)

CAPS Rating: 4 out of 5

Through its subsidiaries, the Company engages in the exploration, mining, and production of copper, gold, and silver. It also smelts and refines copper concentrates, and markets the refined copper products.

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Player Avatar ETFinnovators (< 20) Submitted: 10/7/2008 5:02:02 PM : Outperform Start Price: $21.10 FCX Score: -22.63

FCX is a good example of a value play (trading at less than 5X forward earnings) resulting from the broad-based sell-off in commodities and forced hedge fund liquidation. The stock has broke below the $40 level on this week's market sell-off, resulting in a dividend yield over 5%. This is my favorite pick as a leveraged, high beta play on the eventual market recovery.

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