Outperformance could be followed by adjustment….
The share price rise for Alcoa contrasts greatly to Freeport, whose shares are nearly flat in the last month:
Investors looking to book profits might want to consider Freeport shares. The high 3.45% dividend yield in Freeport is appealing too, compared to 1.06% for Alcoa.However Freeport's leverage in gold could also be a mixed blessing. The stock is certainly priced as a bargain right now, but only if gold prices start to rebound. Cautious investors may want to wait until after tapering proceeds some before taking a position in this sector. (Written by Chris Lau, a Kapitall Writer.)