Wednesday, March 16, 2011

BUY Southern Copper SCCO Under $40

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ITZ STOCK CHARTZ is suggesting adding Southern Copper Corp. SCCO to the Itz Pix Portfolio under $40. Most attention in the copper sector has been on Freeport McMoran FCX, while SCCO has performed relatively in check with the market leader, but has a 6% yield versus the  2.15% of FCX. Itz now believes that the copper sector will benefit from a rebuild of Japan as well as global demand. Commodities have been knocked down in recent days and the downside risks here are small as compared to the upside potential. BUY UNDER $40

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