Top 2 Materials Stocks That May Implode In January
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Two materials stocks, Southern Copper Corp (SCCO) and Freeport-McMoRan Inc (FCX), are showing signs of potential decline as of January 7, 2026. SCCO has an RSI of 71.4 and was downgraded by Itau BBA to Underperform with a price target of $126, while FCX has an RSI of 75.3, with Wells Fargo maintaining an Overweight rating and raising its price target to $55. Both stocks have seen significant gains recently, but their high RSI values indicate they may be overbought.
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