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InvestorPlace’s 10 Best Stocks of 2013: Mid-Year Standings

It's a tight race, including two ties in the top five

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#10: Vale

Q2 Return: -24%
YTD Return: 
Stephanie Link

Stephanie Link’s pick of Vale (VALE) — the world’s largest producer of iron ore — has been on a pretty steady race to the bottom so far this year. In fact, the stock’s already hefty Q1 losses have doubled during the past three months, with a nearly 29-cent payout in April far from covering for VALE’s awful decline.

One reason for Vale’s struggles: Iron ore prices have been just plain ugly. The commodity has lost a quarter of its price in the past three months — which is especially troublesome since Vale is facing slipping production as it is.

Such a reality translated to an earnings drop of 10% in the first quarter and a revenue slide of 5% … along with this last-place spot at halftime of our contest.

Article printed from InvestorPlace Media,

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