Snapchat parent Snap (SNAP) set up for another day of declines

The 10 Best Stocks of 2013 Through Q3

See how the picks stack up heading into the homestretch

      View All  

#10: Vale

Q3 Return: +19%
YTD Return: 
Stephanie Link

Stephanie Link’s pick of Vale (VALE) — the world’s largest producer of iron ore — actually had a great third quarter. Since July 1, the stock has soared more than 19%, which is better than three times the broader market’s gains.

The bad news, though, is that run just brings VALE’s 2013 from terrible to not-so-bad. At the halfway point, Vale’s year-to-date total return was 35% in the red; those losses have been shaved to 24%, meaning VALE would be lucky to break even for 2013.

Then again, JPMorgan is bullish on the stock thanks to its recent cost-cutting efforts, and gave VALE a $25 price target. That’s 16% upside from its share price at the start of the year. On top of that, Vale boasts a hefty dividend, which currently yields more than 5%.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC