Strategas analyst reveals top two U.S. copper stocks
But Rio Tinto isn’t the best stock to play the strength in copper prices, as per Chris Verrone – a Strategas analyst.
$Rio Tinto Ltd (RIO.AU)$He instead sees Freeport-McMoran Inc. (
$Freeport-McMoRan (FCX.US)$ ) and Southern Copper Corp (
$Southern Copper (SCCO.US)$ ) as the top two U.S. copper stocks to buy in April. Verrone recommends investors to “add to” these stocks on any “near-term/overbought pullbacks” in his research note this morning.
Note that FCX stands to benefit from a special mining license or “IUPK” from Indonesia as well.
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