VALE earnings miss - time to buy?

[murray t turtle]

VALE up over 8% today. It's like I cannot lose on my stock picks. But I really wanted it to go lower so I could buy some more.

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THEY were also buying VALE @ 52 week lows, but those were in JUL + SEPT.
Looks like some also made money@ $40, 20/20hindsight.
Treasures from the deep/ hidden treasure.

 

[rubberduck]

Problem is China is the main buyer of Copper so these stocks will be under pressure until there is a clear recovery cycle for China to do more infrastructure spending.

If you want high dividend, at least until a US recession occurs, you should just buy the oil stocks with variable dividends like DVN, COP, EOG and PXD. SHEL & BP are good too but their currency (GBP) seems shaky so you might lose in currency translation especially if the USD keeps rising.

You're not referring to VALE are you? VALE exports Iron Ore to China, mainly. In fact, Brazil imports copper from Chile. If you plan to invest on VALE you may also consider that there's a change in political scenario that can lead to a change in economy. Keep that in mind. Maybe you may find a better opportunity later.