Freeport-McMoRan and Southern Copper
While everything seems to be on fire so for investing in 2010, there is one element to take into consideration that may cause a healthy check, and that is the performance of copper stocks like Freeport-McMoRan (NYSE:FCX) and Southern Copper (NYSE:SCCO), who haven't rebounded to their highs in January 2010.
This is probably a sign that there is still low demand for copper, which of course means contruction remains depressed and other than China, and smaller areas of Asia, there isn't much going on in that sector.
So unless China really goes full steam ahead, which looks like it's going to do the opposite, we're going to see companies with heavy copper exposure like Freeport-McMoRan and Southern Copper struggle throughout the year.
Freeport-McMoRan and Southern Copper
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