Freeport-McMoran is a buy no matter which school of investing you follow, Cramer told viewers on Monday. Technical analysts and “fundamentalists” alike offer bullish reasons why investors should own this stock.
Remember, Cramer’s always been partial to the fundamentals. When he researches a specific company, it’s the underlying business and the macroeconomic environment that matter most. Technicians, on the other hand, focus more on a stock’s performance. They study charts, trying to divine which way a certain name will move next. Right now, some of Wall Street’s biggest money managers are chart-obsessed. So this trend has to be taken into account to better understand the forces at work behind the market.