Among the top stocks to buy and watch, mining leader Southern Copper is nearing a buy point, as copper prices continue to surge in 2021.
The Nasdaq Composite posted steep losses along with the small-cap Russell 2000 index, while the broader S&P 500 and the Dow Jones Industrial Average suffered less extreme declines. Most other markets were relatively steady, with crude oil staying near $65 per barrel, precious metals finishing mixed, the U.S. dollar gaining ground, and 10-year Treasury bond yields moving back up to 1.6%.
When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Southern Copper just met that criteria with a new score of 81. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.