Southern Copper (SCCO) is poised to grow on the back of its existing copper reserves, solid growth projects and recent pickup in copper prices.
Demand for copper in a diverse set of industries has been on the rise this year as the global economy continues to thrive. In fact, price of the industrial metal hit an all-time high on Tuesday.
Does Southern Copper (SCCO) have what it takes to be a top stock pick for momentum investors? Let's find out.
ONTO, SCCO and OC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 21, 2024.