Stocks got a boost this morning in early trading after Fed Chairman Jerome Powell gave reassurance that the central bank would wait before it starts easing its bond purchases despite surging inflation readings. Powell is set to speak before the House Committee on Financial Services at noon today. Wall Street will be looking for more clues as to when to expect policy changes.
An expanding global population and rapidly moving urbanization are expected to fuel steel demand for years to come. In fact, Zack’s Research rates the Mining – Iron space number 1 out of more than 250 industries.
In today’s trade alert we’ll cover a top choice from this strong industry and explain the many reasons why it’s a long-term keeper.
Teeka: “Buy this ticker ASAP!”
Experts projecting gains as high as 1,530% by the end of 2021! [Get the name and ticker symbol here.]
Vale (VALE), the world’s largest producer of iron ore and pellets and supplier of the steel industry, has been gaining from a rally in iron ore prices, which hit all-time highs in May with supply concerns in China fueling the rise. China, the largest consumer of steel worldwide, is spending more on infrastructure, so the price of iron ore is expected to remain high for the foreseeable future.
Vale doesn’t limit itself to iron though. It produces metallurgical and thermal coal, copper, manganese ore and nickel, which is used in EV batteries. Plus, demand for copper in China may continue to push prices higher in the near term. They also have a logistics network that integrates mines, railroads, ports and ships which has provided an edge in the market as it lowers cost to the company.
Analysts expect sales to surge 115% and earnings to soar 517% year-over-year in the second quarter. Earnings are also expected to surge a whopping 372% for the full fiscal year.
The company is well favored among the Wall Street pros., and gaining attention. Of 21 analysts offering recommendations for VALE 17 rate the stock a Buy, 2 rate it a Hold and only 2 say to Sell VALE shares. A median 12-month price target of $26 represents a 16% upside from its current price.
Where to invest $1,000 right now...
Before you consider buying VALE, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not VALE.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
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