Copper and gold stocks, including Agnico Eagle Mines and Novo Nordisk, are among the top stocks to watch as they set up in bases after recovering key levels. Southern Copper stock shows a 129.79% gain from a seven-week consolidation, while Agnico Eagle Mines stock displays a 71.50 buy point from a flat base. Novo Nordisk stock remains in buy range from a June 4 breakout. Monday.com stock is working on a new base with a 249 buy point. Vistra stock is trying to clear above short-term highs with a 107.24 buy point. The rebound in copper and gold prices, along with factors such as the drop in the U.S. dollar and bond yields, policy support for property and grid investments in China, and strong market demand due to a resilient U.S. economy, are contributing to the positive outlook for these stocks. Southern Copper stock has an IBD Composite Rating of 85 and an EPS Rating of 59, while Agnico Eagle Mines stock owns an IBD Composite Rating of 98, EPS Rating of 97, and RS Rating of 92. Novo Nordisk stock has an IBD Composite Rating of 96, EPS Rating of 97, and RS Rating of 94. Monday.com stock holds an IBD Composite Rating of 97, EPS Rating of 80, and RS Rating of 93. Vistra stock has a dull IBD Composite Rating of 69 and poor EPS Rating of 13, but its RS Rating is a best-possible 99. Analysts expect a rebound in earnings and sales for these companies, with Southern Copper and Agnico Eagle Mines expected to see a 41% EPS rebound in 2024 and Novo Nordisk expected to see 25% profit growth for the full year. Year to date, Southern Copper stock has risen nearly 36%, Agnico Eagle Mines stock has climbed 27%, Novo Nordisk stock has jumped 38%, Monday.com stock has gained 33%, and Vistra stock has skyrocketed 132%.
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