Vale Stock – Quickwin: 34.92% Return in 7 Days

Vale Stock

Vale (VALE) was a top stock pick based on predictive algorithm recommended to I Know First subscribers on April 19th for the 7 day time horizon. VALE had a signal of 23.35 and a predictability of 0.45. In accordance with the algorithm, the company reported short-term capital gains of 34.92%.

Vale was part of the stock forecast that can be found in the “Top 10 Stocks” Package.

The full Top 10 Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

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VALE Stock

Vale SA (VALE) is a Brazil-based metals and mining company. They operate in four segments: bulk materials, basic materials, fertilizers and logistics. Vale is active in investments in joint ventures and associate in other businesses. It operates through subsidiaries and jointly-controlled entities, incorporated in Brazil, Chile, Australia, Singapore and the US and others.

The Brazilian miner announced on Wednesday it produced 74.5 million tonnes of iron ore in the first quarter, a company record for the period. This 4.9 percent year-on-year production increase by the world’s largest iron ore miner adds to a global glut that has pushed the spot price down 60 percent in the past year.

While Australian competitor, the Fortescue Metals Group, and the world largest steel producer BHP Billiton cut back production and reduce expansion plans because of low prices, Vale continues to increase production in order to gain market share. Investors rewarded this aggressive strategy so that VALE opened with a gap of 2.8 percent in Sao Paolo.

Vale also announced it 69,200 tonnes of nickel and 1.7 million tonnes of coal in the same quarter.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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