For today, there are many mining company shares that are rising. Also, emerging stocks are roaring back today as well. In Brazil, a more pro-business finance minister may be appointed.
For today's undervalued stock pick, I would like to highlight VALE. The Brazilian miner pays a healthy dividend, and although it has struggled this year, I believe it is poised to deliver strong long-term returns.
This downturn in VALE presents an excellent opportunity to buy shares cheaply, and if it does perform well over time, this could potentially add more to gains we would see.
Disclosure, I am long VALE.
For today's undervalued stock pick, I would like to highlight VALE. The Brazilian miner pays a healthy dividend, and although it has struggled this year, I believe it is poised to deliver strong long-term returns.
This downturn in VALE presents an excellent opportunity to buy shares cheaply, and if it does perform well over time, this could potentially add more to gains we would see.
Disclosure, I am long VALE.
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