Framework Journal · one stock, one dated entry

Recorded 2026-05-15 · Permanent

Freeport-McMoRan FCX

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

The label
Markup

read at $63.37

Freeport-McMoRan holds its Markup at $63.37.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate

The investor read · the season, not the day

As held on the ledger · 2026-05-15
PhaseMarkup
Quantitative stateThe statistical read favours the buyers, held for 22 days
Price$63.37
Valuation33.53 trailing · 17.05 forward price to earnings
Values screenPASS · score 91.0
Beta1.32

The trader read · the latest dated commentary

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (91). The risk-adjusted return profile shows modest positive risk-adjusted returns. Entered 2026-07-03 · Markup

The dated journal · newest first, never edited

2026-07-03 Markup $63.37 +0.0% Entry 2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (91). The risk-adjusted return profile shows modest positive risk-adjusted returns.

2026-07-02 Markup $63.37 Entry 1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with near-perfect ethical score (91). The risk-adjusted return profile shows modest positive risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · FCX
DateInsiderTitleTypeSharesValue
2026-04-01 STEPHENS JOHN JOSEPH Director 350 $20,573
2026-04-01 GRANT HUGH N Director 574 $33,740
2026-03-06 ADKERSON RICHARD C Chairman of the Board 27,693 ·
2026-02-20 HIGGINS STEPHEN T Officer 29,654 $1,868,202
2026-02-18 MIKES ELLIE L. Officer 11,000 $682,345
2026-02-13 ROBERTSON MAREE E Chief Financial Officer 48,500 $2,985,175
2026-02-11 CURRAULT DOUGLAS NICHOLAS II General Counsel 75,000 $892,250
2026-02-11 CURRAULT DOUGLAS NICHOLAS II General Counsel 75,000 $4,838,812
2026-02-11 ADKERSON RICHARD C Chairman of the Board 400,991 $25,464,329
2026-02-10 ROBERTSON MAREE E Chief Financial Officer 43,875 ·

Public filings, recorded as found. The full tape lives at Insider Intelligence.

The political ledger · congressional disclosures

Disclosures naming FCX
DatePoliticianPartyTypeAmount
2026-04-15 Josh Gottheimer Democrat Purchase 1K–15K
15 Apr2026 Josh Gottheimer Democrat buy 1K–15K
1 May2026 Ro Khanna Democrat sell 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $64.37 -3.2% · $969 -3.2%
2 months $67.65 -7.8% $0.15 $924 -7.6%
3 months $59.08 +5.5% $0.15 $1,058 +5.8%
6 months $47.88 +30.2% $0.30 $1,308 +30.8%
1 year $41.71 +49.5% $0.60 $1,509 +50.9%
2 years $48.73 +28.0% $1.20 $1,304 +30.4%
3 years $36.40 +71.3% $1.80 $1,762 +76.2%
5 years $38.14 +63.5% $2.85 $1,709 +70.9%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever FCX does next, these words stay.

Freeport-McMoRan · FCX · Markup · $63.37
Recorded 2026-05-15 · before the outcome · scored mechanically

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