Will FCX's Q3 2024 earnings growth continue?

**FCX's Q3 2024 earnings growth is unlikely to continue in the near term**. Here's why: 1. **Current Price Trend**: The stock is currently between narrow resistance levels and wide resistance levels, indicating a bearish price trend. This suggests that the stock may not have significant upward momentum to support continued earnings growth. 2. **Support and Resistance Levels**: The stock is positioned between narrow and wide resistance levels, which could limit upward movement. The support level is at $33.74, and the resistance level is at $40.73. This range suggests that the stock may not have enough room to grow significantly. 3. **Market Sentiment**: The stock has a sell advice with a historical win rate of 58.38%, indicating that the market is cautious about the stock's future performance. This sentiment could persist if earnings growth does not materialize. 4. **Forecast Price Trend**: The forecast for FCX's price trend is bearish with a sell advice, and the stock has a 79% probability of continuing its clear trend. The unconditioned trend suggests that the stock is more likely to decline than rise. 5. **Earnings Estimate**: Analysts have lowered the FY2025 earnings estimates for FCX, which could indicate a lack of confidence in the company's future growth. This could reflect a broader market sentiment that expects earnings growth to slow down or reverse. In conclusion, while FCX's Q3 2024 earnings growth may have been strong, the current price trend, market sentiment, and analyst estimates suggest that this growth is not likely to continue in the near term.