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TheStreet Open House

DuPont, Freeport McMoRan Bode Well for Earnings

Stock quotes in this article: FCX, DD, BHP

"However, weakness in markets served by Performance Chemicals and Electronics & Communications provided significant challenges in 2012. We've adjusted our plans to meet the changing market environment and grow our businesses in a slow-growth world economy."

On Monday, the company "... declared a first quarter common stock dividend of 43 cents per share payable March 14, 2013, to stockholders of record Feb. 15, 2013. This dividend is the same as what was paid in the fourth quarter 2012. This is the 434th consecutive quarterly dividend since the company's first dividend in the fourth quarter of 1904."

Tuesday's earnings insights evidently were good enough for investors -- and it does have a positive ring to it. DuPont likes to see itself as a company that "... has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802."

The company believes and has stated publicly that by collaborating with customers, governments, NGOs, and what they call "thought leaders" (as opposed to "thoughtless leaders"?) that it can help find solutions to such global challenges as "... providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment."

If DuPont can pull that off and grow its future earnings, profits and streams of recurring revenue, it may be added to my list of stocks that may double, but alas, not within a year. The past five years shows us what this industrial-chemical giant's stock is capable of doing.

 Chart data by YCharts

Jim Cramer and Stephanie Link actively manage a real money portfolio for his charitable trust- enjoy advance notice of every trade, full access to the portfolio, and deep coverage of the latest economic events and market movements.

Based on its forward 1-year projected P/E of around 12, DD looks promising, but based on its price-to-earnings-to-growth (PEG ratio, 5-year expected) of 2.72, DD better have some very positive quarters ahead or shares are more likely to correct than go up further. Yet two hours into Tuesday's session shares moved up another 1%. Market Mavens see DuPont's "cup" as being half full!

Freeport-McMoRan

Also before the opening bell on Tuesday we heard from a company that appears to have shot itself in both feet much to the horrific chagrin of its many shareholders. Freeport-McMoRan Copper& Gold (FCX) has a whole lot of explaining to do, but the quarterly report caused shares to rally.

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