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Stock Market & Financial Investment News

News Breaks
December 20, 2012
19:37 EDTVALEVale to take $4.2B pre-tax charge in Q4
Vale S.A. informs that it has concluded the annual assessment of Onša Puma and aluminum assets, which will imply the recognition of an impairment charge before tax of $4.2B, thus affecting our earnings in Q4. The issues with the two furnaces of Onša Puma determined the total stoppage of its ferronickel operations since June. After analyzing the case, Vale decided to rebuild one of the furnaces, at an estimated cost of $188M in 2013, and plans its start up in 4Q13. Given this event and in face of the current market environment for ferronickel, the valuation of Onša Puma determined the need to recognize an impairment charge before tax of $2.848B. The book value of Onša Puma was $3.778B as of September 30. The downward volatility of aluminum prices and the macroeconomic uncertainties about the European economy have contributed to reduce the market value of our 22% stake in Hydro ASA, a Norwegian aluminum producer, to a level below the book value of our investment. Based on Hydro share prices at September 30, we are recognizing an impairment charge before tax of $1.3B, which will impact our 4Q12 net earnings. Reference Link
News For VALE From The Last 14 Days
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October 1, 2014
10:32 EDTVALEOptions with increasing implied volatility
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06:13 EDTVALEVale implied volatility of 43 at upper end of index mean range
September 30, 2014
11:27 EDTVALEOptions with decreasing implied volatility
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September 29, 2014
11:15 EDTVALEOptions with decreasing implied volatility
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09:32 EDTVALEVale management to meet with JPMorgan
Meetings to be held in New York on October 1-2 and in Boston on October 3 hosted by JPMorgan.
09:23 EDTVALEVale signs 25-year contract with CMES, South China Morning Post reports
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September 26, 2014
11:16 EDTVALEOptions with increasing implied volatility
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10:01 EDTVALEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Market Perform from Outperform at FBR Capital... Air France-KLM (AFLYY) downgraded to Underperform from Hold at Jefferies... Beacon Roofing (BECN) downgraded at Longbow... China Unicom (CHU) downgraded to Hold from Buy at Deutsche Bank... Erickson (EAC) downgraded at Stifel... H.B. Fuller (FUL) downgraded to Neutral from Overweight at Piper Jaffray... Philip Morris (PM) downgraded at BofA/Merrill... Seadrill (SDRL) downgraded to Sell from Neutral at Goldman... Starwood Property (STWD) downgraded to Neutral from Buy at Compass Point... Steel Dynamics (STLD) resumed with a Neutral from Buy at Citigroup... Vale (VALE) downgraded to Neutral from Buy at Citigroup.
08:22 EDTVALEVale downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Vale to Neutral after cutting its iron forecast. The firm lowered its price target for shares to $12.50 from $15.
September 25, 2014
10:45 EDTVALEOptions with increasing implied volatility
Options with increasing implied volatility: VALE CLF NUS HLF SVXY VXX AGQ SQQQ
September 24, 2014
11:22 EDTVALEOptions with increasing implied volatility
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07:42 EDTVALECredit Suisse to hold a conference
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September 23, 2014
11:19 EDTVALE Options with increasing implied volatility
Options with increasing implied volatility: HLF VRTX TRP CLX ETP VALE
September 22, 2014
14:31 EDTVALEVale hits a new 52-week low, levels to watch
Price is down 5.5% to $11.34, having earlier hit a 52-week low at $11.27. Below the 52-week low, next support is at $10.50. Resistance is at $11.62, the session high, and then at $12.
13:20 EDTVALEVale volatility increases as shares pullback
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11:02 EDTVALEOptions with decreasing implied volatility
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06:20 EDTVALEStocks with implied volatility movement; SDRL VALE
Stocks with implied volatility movement; Seadrill (SDRL) 40, Vale (VALE) 39 according to iVolatility.
September 19, 2014
10:53 EDTVALE Options with increasing implied volatility: ESI INO VALE AGNC
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September 18, 2014
10:52 EDTVALEOptions with increasing implied volatility
Options with increasing implied volatility: RPRX VALE NLY AGNC
September 17, 2014
12:34 EDTVALEVale management to meet with Jefferies
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