Rick Stuchberry
Southern Copper Corp.
SCCO-N
PAST TOP PICK
Nov 22, 2013
(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.
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.
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.
(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.