When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
iPath Bloomberg Copper Subindex Total Return Sub-Index ETN
Investment case
After a significant sell-off of nearly 10% in May, we expect the rebound in copper prices, which started this month, to continue in the coming months. We believe that the market focus will shift from (uncertain) macro to (tight) fundamentals.
In this context, we hold that the iPath DJ-UBS Copper Total Return Sub-Index ETN (OTCPK:JJCTF), which replicates the performance of copper prices, will continue to move higher over the coming months. We see an upside potential of roughly 8% for JJCTF over the next month or so.