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Copper on the rebound on China’s strength


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We have said it before but it bears repetition: while metal prices have been building a base, the underlying equity names have had a rockier time. With copper up 2% yesterday amid relief coming out of China, this means there are still some laggard opportunities in the mining group. Freeport McMoRan ( FCX , quote ) embodies the trend, but it too has build a base of sorts around $47.50 to $48: This stock is going higher -- maybe up and down a little, but barring a global swan landing, the bottom is definitely in.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: FCX


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