5 Best Commodity Stocks To Buy Now

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In this article we discuss the 5 best commodity stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to 10 Best Commodity Stocks To Buy Now.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, advertising technology one of the fastest growing industries right now, so we are checking out stock pitches like this under-the-radar adtech stock that can deliver 10x gains. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Now, let’s take a look at the 5 best commodity stocks to buy now:

5. Southern Copper Corporation (NYSE: SCCO)

Number of Hedge Fund Holders: 23

Arizona-based Southern Copper mines key commodities including copper molybdenum, silver, and zinc, silver and gold, with assets mostly in South America. According to recent reports by the La República newspaper, the company is planning to spend a whopping $8 billion in various mining projects, including some in Tia Maria mine.

As of the end of the fourth quarter, there were 23 hedge funds in Insider Monkey’s database that held stakes in SCCO, compared to 27 funds in the third quarter. Ken Fisher’s Fisher Asset Management, with 4.2 million shares of SCCO, is the biggest stakeholder in the company.

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