Opinions
Richard Croft
iPath Pure Beta Coffee ETN
CAFE-US
DON'T BUY
May 13, 2015
N/A
Stock price when the opinion was issued
agriculture
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HOLD
Coffee is in the soft commodity space and the whole group has been on the move. It also concerns cotton, wheat, corn in particular and they’ve all had a big bounce. Feels the food space is saying there is going to be growing demand. He would stay with anything dealing with food. (See Top Picks.)
agriculture
He would prefer QSR-T or SBUX-N. Commodities have a place in a portfolio, but he does not understand a single commodity ETF. It should be a basket of commodities.