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Vale S.A.

VALENYSE

18.66

USD
-0.64
(-3.32%)
Market Closed
4.81P/E
7Forward P/E
0.24P/E to S&P500
89.518BMarket CAP
37.78%Div Yield
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Recent Reddit Comments

#Earnings

Applied Materials Inc (AMAT) Q1 Adj. EPS USD 0.81 vs. Exp. USD 0.79, revenue USD 3.8bln vs. Exp. USD 3.71bln; guides Q2 EPS USD 0.62-70 vs. Exp. 0.70, guides revenue USD 3.33-363bln vs. Exp. USD 3.67bln. (Newswires)

Arista Networks Inc (ANET) Q4 Adj. EPS USD 2.25 vs. Exp. USD 2.06, revenue USD 0.595bln vs. Exp. USD 0.59bln. (Newswires)

CBS Corp (CBS) Q4 Adj. EPS USD 1.50 vs. Exp. USD 1.53, revenue USD 4.02bln vs. Exp. USD 4.14bln. (Newswires)

Chemours Company (CC) Q4 Adj. EPS USD 1.05 vs. Exp. USD 1.04, revenue USD bln vs. Exp. USD 1.55bln. Announced additional share repurchase programme of USD 1bln from USD 0.750bln. Greenlight Capital takes 200k shares in the co. (Newswires)

Deere & Co (DE) Q4 EPS USD 1.54 vs. Exp. USD 1.76, revenue USD 6.94bln vs. Exp. USD 6.82bln; Co. says revenues and net sales are projected to increase by around 7%. (Newswires)

Enbridge (ENB) Q1 EPS CAD 0.65 vs. Exp. CAD 0.60, revenue USD bln vs. Exp. USD 8.6bln (Newswires)

Moody's Corp (MCO) Q4 Adj. EPS USD 1.63 vs. Exp. USD 1.67, revenue USD 1.10bln vs. Exp. USD 1.12bln. (Newswires)

Newell Brands Inc (NWL) Q1 EPS USD 0.71 vs. Exp. USD 0.67, revenue USD 2.34bln vs. Exp. USD 2.43bln. Sees 2019 core sales down by 2-4%. (Newswires)

NVIDIA Corp (NVDA) Q4 Adj. EPS USD 0.80 vs. Exp. USD 0.75, revenue USD 2.21bln vs. Exp. USD 2.2bln. Says combination of post-crypto excess channel inventory and recent deteriorating end-market conditions drove a disappointing quarter. Guides Q1 at 2.20bln vs. Exp. 2.46bln. (Newswires)

PepsiCo Inc (PEP) Q1 EPS USD 1.49 vs. Exp. USD 1.49, revenue USD 19.52bln vs. Exp. USD 19.53bln. (Newswires)

SS&C Technologies Holdings Inc (SSNC) Q4 Adj. EPS USD 0.95 vs. Exp. USD 0.85, revenue USD 1.111bln vs. Exp. USD 1.11bln. (Newswires)

WABCO Holdings Inc (WBC) Q4 EPS USD 2.20 vs. Exp. USD 1.99, revenue USD 0.911bln vs. Exp. USD 0.96bln. It looks to repurchase USD 400mln shares in 2019. (Newswires)

XPO Logistics Inc (XPO) Q4 Adj. EPS USD 0.72 vs. Exp. USD 0.83, revenue USD 4.39bln vs. Exp. USD 4.57bln. Targets 2019 revenue growth of 3-5%. (Newswires)

#DJIA

Apple (AAPL) – The tech behemoth has acquired the UK-based digital marketing firm DataTiger in efforts to augment its digital marketing. (Newswires)

Goldman Sachs (GS) – Former banker Roger Ng involved in the 1MDB scandal has been granted permission by Malaysian authorities to return to the US to face criminal charges. (Newswires)

Merck (MRK) – The pharma co. has received FDA priority review for a new supplemental Biologics License Application for KEYTRUDA in combination with Inlyta for treatment of renal cell carcinoma. (Newswires)

Visa (V), Mastercard (MA) – The two credit card suppliers are to increase their fees on both credit and debit cards in April, an added headwind to the US retail sector. (WSJ)

Walt Disney (DIS) – The entertainment co. announced Star Wars: Episode IX and Frozen 2 products will be available on October 4th. (Newswires)

#S&P500

Anadarko (APC) – The energy co. has entered a sale and purchase agreement with Mozambique Area 1 co-ventures, where it will develop Mozambique's first onshore LNG plant. (Newswires)

Automakers (FCAU, F, GM, TM) - EU passenger car registrations down 4.6% in January. (Newswires)

Bristol-Myers (BMY) – The pharma co.’s Phase 2 CheckMate -650 trial of Opdivo in combination with Yervoy showed a 25% response rate for patients with prostate cancer. (Newswires)

Caesars (CZR) – Activist investor Carl Icahn has urged the casino/resorts co. to sell itself following two approaches. (WSJ)

CBS (CBS) – The broadcaster is reportedly already making efforts to gain an NFL contract renewal, despite its current license running through to 2022, as it doesn’t want a tech co. to take the reins. (WSJ)

Electronic Arts (EA) - Tencent (TME) is in talks with the co. to bring Apex Legends in China. (Newswires)

FedEx (FDX) – The shipping co. has appointed Raj Subramaniam as its COO and President, effective March 1st. (Newswires)

Ford (F) – The automaker has been in talks with Volkswagen (VOW3 GY) for collaboration on autonomous cars, including getting the German automaker to invest in the Ford-backed startup Argo AI, which it valued at approximately USD 4bln. (Newswires)

Intercontinental Exchange (ICE) – The NYSE has filed a petition to block the SEC’s plans to monitor the impact of the complex model of fees and rebates in share trading. (FT)

Mattel (MAT) – The game maker has entered a three-year international licensing agreement with Illumination and Universal Brand Development for its Despicable Me franchise. (Newswires)

Starbucks (SBUX) – The coffee chain is to launch a new all-day dining café in China, serving brunch and cocktails, as it grows its presence in the region. (Newswires)

#NASDAQ

Alphabet (GOOGL) – According to research from the International Computer Science Institute, approximately 17,000 Android apps break Google’s policy on data collection. (CNET)

Facebook (FB) – WaPo reports that the social media co. and the FTC are discussing a record multi-billion dollar fine over the co.’s privacy issues. Elsewhere, CNBC reports that former employers say the co. sometimes tracks user locations if it believes they are a “credible threat”. (WaPo/CNBC)

Netflix (NFLX) – The streaming co.’s LA studios were reportedly on lockdown on Thursday after an armed person entered the premises. (Newswires)

#OTHER NEWS

Taiwan Semiconductor (TSM) – The chipmaker cut its Q1 revenue to USD 7bln-7.1bln from USD 7.3bln-7.4bln, this is after it assessed the impact of wafers affected by a batch of problematic photoresist material. (Newswires)

Vale (VALE) – The Brazilian miner’s CEO Fabio Schvartsman told regulators that its safety measure do not work in the wake of the fatal dam collapse in January. Separately, the co. reported a fire at a distribution centre in Malaysia which temporarily affected operations. (Newswires)

#Additional US Equity Stories

Mindbody  (MB) - Vista Equity acquires the co. for USD 1.9bln. (Newswires) 

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#Materials • China steel – some steelmakers in China’s top steel producing province are being forced to crimp output following a local government order as a result of pollution. Heavy smog will be in the region until Wednesday in which the curbs will then be lifted. Reuters https://goo.gl/zWE5jS • DOW – the WSJ reports that DOW has gained that right to convert $4B of preferred stock into common stock; ridding itself of a yearly $255M burden owed to Berkshire Hathaway and another $85M to Kuwait’s sovereign wealth fund. DOW plans to call for the conversion immediately, which should be completed over the next week or so. The move would require DOW to pay out ~$180M in ordinary dividends but would free up additional capital for other uses. WSJ https://goo.gl/5X6f4b • NUE - has agreed to acquire Republic Conduit, a leading manufacturer of steel electrical conduit in North America, from Luxembourg-based Tenaris S.A. for $335 million, or approximately 6x the average of its 2015 and projected 2016 EBITDA. • VALE, Fortescue – the CEO of Fortescue said that the planned alliance between the two iron ore majors was standing on shaky ground. The two wanted to create an ore blend for sale in China, but the CEO said that “Sadly, that has not gone as well as we would have hoped. We’re still in discussions with Vale, but I think it is looking less and less likely we are going to be able to do that transaction, which I think is a real shame.” WSJ https://goo.gl/v9al35

#Energy • APC – the co. announced after the close on Thursday it now expects its five year annual oil growth CAGR to be 12-14%, up from its prior 10-12% growth rate (assuming $50-$60 oil). Additionally, the co. announced that its success in deepwater drilling off the Gulf of Mexico. Press release https://goo.gl/5gyKSq • China “teapot” refineries - Beijing will not issue fuel export quotas for independent refineries next year. The surprise policy shift could deal a “blow” to the upstart industry. “Ending the scheme will hand control of the lucrative export business back to China's big four state-run oil majors” – Reuters http://reut.rs/2hCfJUf
• Iraq – the country is increasing its oil sales to the U.S., China, and India ahead of the planned output cuts in an attempt to dig a deeper foothold in the global supply market. Reuters https://goo.gl/6YdHKT • OPEC – Bloomberg highlights that OPEC nations are prioritizing market share in Asia while crimping supply to the U.S. and Europe as a result of their planned production cuts. Bloomberg https://goo.gl/mN53s3 • Russia/oil – all Russian oil companies will lower their output as part of the recent OPEC production agreement – Reuters http://reut.rs/2gIfq8l
• TERP – The co. issued disappointing 2017 guidance after the close on Thursday. TERP expects FY17 CAFD of $120-160mm, below our prior estimate of $209mm. CAFD is expected to be weighed down y/y by reduced support from SUNE, debt amortization, and higher interest expense. We are adjusting our estimates accordingly. No major surprises on the balance sheet. Coster https://goo.gl/j4HDlv • PEG upgraded to overweight from neutral at JPM (full note: https://goo.gl/fbkOXS) • POR upgraded to neutral from underweight at JPM (full note: https://goo.gl/fbkOXS) • DUK downgraded to underweight from neutral at JPM (full note: https://goo.gl/fbkOXS) • PEGI downgraded to neutral from overweight at JPM (full note: https://goo.gl/fbkOXS) • APA, CLR, CRZO, CXO, NFX, RSPP, WLL, XEC downgraded to market perform from outperform at Wells Fargo • CNQ, SU initiated outperform at Wells Fargo • HP, TTI downgraded to sector perform from outperform at RBC • DO, ATW, FI, NE, OII, RDC, RIG downgraded to underperform from sector perform at RBC Capital

#Gaming & Leisure • MPEL: This morning Crown Resorts said its further reducing its stake in Melco. https://goo.gl/aVftnQ
• Japan Gaming: Fitch Ratings said that the international operator’s balance sheets are well positioned to handle the scale of investment Japanese officials could require for building casinos in the region. https://goo.gl/Dt0lCq • Cruise lines: Goldman initiated on the cruise operators (CCL, NCLH, RCL) with neutral ratings. • LVS: Goldman initiated on Las Vegas Sands with a buy and added it to its conviction buy list; $68 pt. • MGM: Goldman initiated on MGM Resorts with a buy; $37 pt. • WYNN: Goldman initiated on Wynn Resorts with a neutral; $100 pt.

#Media • YHOO, VZ: According to Reuters, Verizon is pushing for “major concessions” to its original deal as a result of the economic damage from the two hacks. Verizon is threatening Yahoo that it would go to court and argue there is a MAC if the deal is not repriced. The article notes that while no Delaware court has ever granted a merger termination based on a MAC, companies have successfully used this as a threat to renegotiate deals. [Reuters] https://goo.gl/SwLzbl • YHOO, VZ: Yahoo is forcing some of its users to change their passwords and this could put its deal with Verizon at risk given that at least some users typically drop services when they are forced to change their passwords. Verizon will determine whether it should walk away from the deal or push to lower the price based on declining user engagement that could come about as a result of this. [WSJ] https://goo.gl/OL69NK • VZ: Regardless of the outcome of the Yahoo deal, Verizon is not backing off of its strategy to build a mobile ads business to rival Facebook and Google. The company is likely to do more digital media deals to increase traffic for its advertisers. [Bloomberg] https://goo.gl/KxQ118 • Internet: 2017 outlook from JPM’s D. Anmuth: Top picks FB, NFLX, GOOGL. Smid-cap: YELP, MTCH. https://jpmm.com/research/content/GPS-2209194-0 • FOXA, SKY: Fox increased its offer for Sky three times before it was accepted, and while some holders still think the offer is low they are being pragmatic and would accept the deal. [Reuters] https://goo.gl/mAU14N • NLSN: NBCU top ad sales exec Linda Yaccarino told Nielsen that its TCR measurement tool “does more harm than good, and it’s not ready for release”. Yaccarino’s lack of trust in the product could keep other media companies from quickly adopting it. [Variety] https://goo.gl/u5YzSZ
• AMZN: According to BI, Amazon is building an upper like app for truckers that will match truck drivers with shippers. The app, which is scheduled to launch in the summer of 2017, would deepen its presence in the massive $800B trucking industry, and it would eliminate the need for third party brokers who typically charge a 15% commission. [Business Insider] https://goo.gl/8RoaUN • FB + News: The WSJ discusses how Facebook is inching closer to a plan that would see it fact-check news in a bid to combat the rising “fake news” problem. [WSJ] http://on.wsj.com/2gI4aZW
• Tech: Recode has a full background article on the tech summit. Trump apparently responded favorably to complaints about the H-1B visa program. [Recode] http://on.recode.net/2h7G1Ne
• PCLN: Priceline announced that Glenn Fogel, the company's current Head of Strategy and Executive Vice President of Corporate Development, has been named CEO, effective January 1, 2017. Current Interim CEO and non-Executive Chairman Jeff Boyd, will assume the role of Executive Chairman of the Board. [Press release] https://goo.gl/ocV5vd • Tencent + Music: Tencent is planning to expand its streaming music service, creating more competition for the likes of Apple and Spotify. [WSJ] http://on.wsj.com/2hEcBH4
• Nintendo: According to researcher SensorTower, Nintendo Super Mario mobile game topped the download charts in Japan, Germany, Australia, and the UK. [Bloomberg]
• Nintendo: According to analytics firm Mobile Action, the game was the most downloaded iPhone app in the US. [Recode] https://goo.gl/JLEkGw • SABR: Sabre announced that its board appointed Sean Menke as president, CEO and a member of Sabre's board, effective Dec. 31, 2016. Menke will succeed Tom Klein, who has served as president, CEO and board member since 2013. In addition, the board named Larry Kellner, currently the non-executive chairman of the board, as executive chairman, also effective Dec. 31, 2016. [Press release] • GOOGL: Cleveland Research initiated on Alphabet with a neutral. • SQ: Needham initiated on Square with a buy; $17 pt. • Towers: Guggenheim initiated on the towers (AMT, CCI, SBAC) with a neutral rating.

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In its final hour #tesla is more conventional & less imaginative #death tied to $BIIB & eisai #alzheimers #drug, #sciencereview $BMY breyanzi approved lbcl #therapy in japan $VALE PT ↑ $20 from $16 #therapisttwitter $KR #health, #prime agreement $HAL call volume #bullish https://t.co/yI5yfP2uP8
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$VALE Underpriced Bullish Call Spread has Profit Potential of 89% https://t.co/YqUTG8RWft https://t.co/GT8jNyc1uB
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$VALE - https://t.co/U8BLl1DOXJ - VALE S.A. American Depositary Shares Each Representing one common share files form 6-K today, check out the details.
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I started tweeting re $SCM.c sub-10 cents (It’s 27 cents) Consider: - At a 3.8M Mkt Cap it’s the cheapest #nickel play - At 12.5M O/S it’s the tightest #Ni play - The 35+ historical holes, etc (tho public info) haven’t been talked of - Yet huge ex- $VALE guys are jumping on!💣 https://t.co/9KSo1A30vf
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$VALE Trading Ideas | Awaiting Short signal. 100% Profitability based on 4 trades. Profit factor is 100. Learn more at https://t.co/uNaBDyBhvH. #VALESTOCK #stocks https://t.co/HxuqAqh2qb
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As the Chinese economy reopens, there will be more demand for base metals like steel and copper. Manufacturing is set to pick up, demand for new vehicles will grow, and supply chains should further ease. Here's a chart of copper. Consider stocks like $FCX, $CLF and $VALE. https://t.co/GYhyu8VuZQ
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⛏️ Iron ore spot and futures continue to rip higher. Some say this is “THE China reopening trade”. With freight rates low, miners are enjoying expanding margins. $VALE $RIO $GOGL $SBLK https://t.co/hm9WpAhQZd
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$VALE was on my watchlist.. I should’ve pulled the trigger https://t.co/dQAiivViNg
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🚨 LARGE CALL SWEEP ORDER 🚨 STOCK: $VALE STRIKE: 19 EXPIRY: 6/16/2023 PREMIUM: $266,320
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$VALE evaluates offers for $2.5 billion base metals unit; top bidders included carmakers, state investors and pension funds. “This thing can get even bigger than Vale. Not tomorrow, not even next year — when you look long-term" https://t.co/Y8cm7plAiy
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$VALE Gap fill, golden pocket, weekly 9er and bear divergence. Mar23 $14 calls coming back on the bid #options #stocks #stockmarket #trading https://t.co/YSS0mB8hWt
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The biggest copper & steel stocks look like this. #bullish $RIO $VALE $SCCO $FCX $COPX $SLX $ILF https://t.co/mBcB0Bh4TD
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Smart move by $VALE, and I bet a US AUTOMAKER will be buying some/all of that 10% stake... https://t.co/LaqxtCOE08
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"Iron ore has been - and will likely continue to be - the China reopening trade." Why I went long $VALE... But as Ed highlighted below, Caveat Emptor. https://t.co/XFtf20AR2C
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BBG: “The bullish view [for iron ore] is a bet on a commitment by Beijing to reactivate its expansion via billions of dollars in new infrastructure spending. Th[is] carries significant danger.” https://t.co/U0tqiecVhf
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