CNBC Stock Blog
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
- Expect Tech Sector to Rise in Q4: Strategist
- Expect a 5-10% Market Pullback: Stock Picker
- 3 Stock Picks for This Volatile Environment: Portfolio Manager
- 3 Financial Stocks May Lead Final Rally: Market Researcher
- Gold's 'Money' Value is $4,000 to $11,000: Market Strategist
- Commercial Real Estate Bottom Near: Market Pro
MOST SHARED
- Wall Street Finds Profits by Reducing Mortgages
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Kraft Weighs Higher Cadbury Bid as Rivals Circle
- What if a Recovery Is All in Your Head?
- Gold Prices to See Correction in 2010: Analyst
- Oil Prices to be Range-Bound This Week: CNBC Survey
- Don't Dwell on Investment Mistakes; Move on, Like Buffett
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- U.S. Stocks Slip, Dollar Rises
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- US Job Losses to Bottom out Next Quarter: NABE
- Late Payments on Credit Cards Drop in Third Quarter
- Smallest US Businesses Borrowing Again: PayNet
- Little Sign of Inflation on the Horizon: IMF
- Kraft Weighs Higher Cadbury Bid as Rivals Circle
- MBS Program Should be Extended: Fed's Bullard
- Tyson Food Profit Beats Estimates
- JPMorgan's Dimon Could Succeed Geithner: Report
- For Newspapers, Even Good News Isn't That Good
RSS FEED
Text Size 
CNBC News Associate
Copper is trading at a 10-month high on global demand. Peter Kenny, managing director at Knight Equities, told investors how to trade and make money from the commodity.
“The global demand for copper is really starting to pick up,” Kenny told CNBC.
“Not just because of globalization, GDP stabilization, but because demand is actually picking up sequentially—in Asia particularly.”
Kenny expects copper prices and demand will rise further once the housing market stabilizes in the U.S.
“[Prices] are up 166 percent year to date and it’s up 7 percent today,” he said. “Basic materials is up 2.6 percent on in the day. It’s a sector that has really led the market higher.”
Kenny Recommends:
Freeman-McMoRan [FCX
Loading...
()
]—“They are the lowest cost producer of copper in the world, they have the largest production facility globally in the world and their copper is the cheapest to get to market,” Kenny said of the company.
“Bulk rates are at their multi-year lows—they have an awful lot going for them.”
Disclosure:
No immediate information was available for Kenny or his firm.
______________________________
CNBC Slideshows:
______________________________
______________________________
FCX Competes With:
Newmont Mining [NEM
Loading...
()
]
Southern Copper [PCU
Loading...
()
]
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes