Stockchase Opinions

Rick Stuchberry Southern Copper Corp. SCCO-N TOP PICK Nov 14, 2012

[Show did not air however top and past picks were posted to web site]

$33.390

Stock price when the opinion was issued

non-base metal mining
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BUY
One of the major copper producers in the world. It wouldn't be beyond the realm of possibility that it could be taken out.
TOP PICK

Largest copper company in the world in terms of reserves. Will feed China with what they need for the infrastructure build out. The parent company needs the dividend so it is safe.

DON'T BUY

Southern Copper (SCCO-N) or Teck Resources (TCK.B-T)? Chart shows a downtrend from the beginning of this year with a possible level of support at around $25. He would wait for a consolidation and a breakout on this.

PAST TOP PICK

(A Top Pick Nov 14/12. Down 30.62%.) Material stocks have not been a great place to be but he thinks this will work this year. This is a low-cost copper producer with the longest life reserves. Good yield.

PAST TOP PICK

(Top Pick Dec 13/12, Down 21.92%) Tried to break out and failed. He will cut and run if he doesn’t get some action by the end of quarter.

HOLD
A copper stock. Stick with it. Copper is a barometer of this country and Americans are using a lot of it.