Opinions
The Panic-Proof Portfolio (Stockchase Research)
Vale S.A.
VALE-N
TOP PICK
Sep 06, 2022
Stockchase Research Editor: Michael O'Reilly This TOP PICK is the world's largest producer of iron and nickel - two critical components in infrastructure, batteries and steel. The company just signed a deal with TSLA to supply nickel for its EV batteries. It trades at only 3x earnings and under 2x book. Recently reported earnings beat analyst expectations and support a ROE of 58%. It pays a great dividend, backed by a payout ratio under 20% of cash flow. We recommend placing a stop loss at $9.50, looking to achieve $17.00 -- upside potential over 35%. Yield 6.3% (Analysts’ price target is $17.21)
$12.150
Stock price when the opinion was issued
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PAST TOP PICK
(A Top Pick Oct 06/22, Up 20%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with VALE has achieved its target at $17.50. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $14.00) to $15.00. If triggered, this would result in a net investment gain of 16% when combined with our previous buy recommendation.
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PAST TOP PICK
(A Top Pick Oct 06/22, Up 3.3%)Stockchase Research Editor: Michael O’Reilly
Our PAST TOP PICK with VALE has triggered its stop at $15. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 13%, when combined with our previous buy recommendation.
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DON'T BUY
A lot of metals have been settling down, and Brazil's had some rough times. Might have broken the support level, probably because copper and metals are taking a breather. Possible it will see lows of 2020. Chart's more bearish than bullish right now.
He wouldn't buy it. If you already own, it's your call, as the next target is that 2020 low.
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