Today we will talk about Freeport-McMoRan (FCX), which has been one of the top growth stocks over the past 3 months. During the last three months, the stock of Freeport-McMoRan has risen by +38.0%. At the same time, the commodities sector, to which the company belongs, grew by +10.7%, and the S&P 500 index by +3.9%. As you can see, Freeport-McMoRan shares show better returns than the sector average.

Last week, 57 companies from the S&P 500 index reported. Today, let's take a look at Axon Enterprise's results. Its revenue amounted to $460.7M. It grew by +7.5% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by +4.3%. Let's analyze the company's business in more detail.

This week was a winning week for the markets, especially after news from Musk that he had reached an agreement with China on the use of Tesla's autopilot technology. This agreement helped prevent the company's shares from falling freely. Although the production of new models is lagging behind and the financial performance is not impressive, investors are responding positively to Musk's promises, which is reflected in the growth of the share price. Nevertheless, a recovery in the company's real valuation could lead to further share price declines in the future. At the end of Monday, Tesla's share price rose by 15%, but later investors recovered and the price began to decline gradually. This is a quick review from Ivan Kompan, Edinburgh Business School analyst.

As we noted in last week's issue, over the past three months, one of the leaders of growth in the S&P 500 index has been Metals & Mining industry +14.9%. Some of the largest companies in this industry (by market capitalization) are: Newmont ($46.8B), the world's largest gold mining company with 17 mines in the US and other countries, and Steel Dynamics ($20.6B), a metallurgical company engaged in metal production and recycling with a production capacity of 16M tons per year.

In the past week, 173 companies from the S&P 500 index reported for Q1 2024. Today, we will analyze the results of Wec Energy Group. Its revenue is $2.6B. It grew by +9.8% compared to the corresponding value for the previous quarter, but did not exceed analysts' expectations by -8.3%. Let's analyze the company's business in more detail.

As we noted in last week's issue, over the past three months, one of the leaders of growth in the S&P 500 index has been the Semiconductors & Semiconductor Equipment industry +22.0%. Some of the largest (by market capitalization) companies in this industry are: Applied Materials ($168.9B), the world's largest manufacturer of wafer fabrication equipment (WFE), and Texas Instruments ($161.5B), the world's largest manufacturer of analog chips for processing physical signals.

In the past week, 174 companies from the S&P 500 index reported for Q1 2024. Today, let's look at the results of Meta Platforms. Its revenue amounted to $36.4B. It grew by +5.8% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by 0.8%. Let's analyze the company's business in more detail.