Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services. The Energy Transition Materials segment produces and extracts nickel used to produce stainless steel, electric vehicles, and metal alloys; and its by-products, such as gold, silver, cobalt, precious metals, platinum, and others, as well as copper used in the construction sector to produce pipes and electrical wires. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.

Компания VALE S.A. демонстрирует смешанную фундаментальную картину. С одной стороны, мультипликаторы, такие как P/E, P/B и P/S, значительно ниже медианных значений по отрасли, что может указывать на недооцененность акции. Однако долговая нагрузка выше медианы, что создает риски для инвесторов. Эффективность показателей, таких как ROE и ROI, выше медианных значений, что указывает на хорошую прибыльность компании. Дивидендная доходность снизилась, что может вызвать беспокойство у инвесторов, но положительные показатели, такие как рост выручки и чистой прибыли, поддерживают уверенность в бизнесе. При этом общая устойчивость финансовой базы компании остается на высоком уровне, что добавляет оптимизма. Важно отметить, что текущая цена акции и целевая цена находятся в пределах разумного диапазона, но учитывая риски, связанные с долговой нагрузкой, целесообразно пересмотреть прогноз.

VALE S.A.

(RTTNews) - Vale (VALE) reported first quarter net income attributable to shareholders of $1.89 billion, up 36% from a year ago. Earnings per share was $0.44 compared to $0.33. Adjusted EBITDA was $3.83 billion, up 23%.
Proforma net income attributable to shareholders was $1.89 billion, an increase of 29% from prior year. Proforma EBITDA was $3.89 billion, up 21%.
First quarter net operating revenue was $9.26 billion, an increase of 14% from prior year.
At last close, Vale shares were trading at $16.91, down 0.94%.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Vale Q1 Net Income Rises

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Annovis Bio, a filing with the SEC revealed that on Thursday, Director Michael B. Hoffman bought 713,800 shares of ANVS, at a cost of $2.10 each, for a total investment of $1.5M. So far Hoffman is in the green, up about 31.9% on their purchase based on today's trading high of $2.77. Annovis Bio is trading up about 18.8% on the day Monday. Before this latest buy, Hoffman bought ANVS at 5 other times during the past year, for a total cost of $2.46M at an average of $2.24 per share.
And at Vale, there was insider buying on Wednesday, by Executive VP Legal Officer Sobrinho Sami Arap who bought 12,990 shares for a cost of $16.11 each, for a trade totaling $209,290. This buy marks the first one filed by Arap in the past year. Vale is trading up about 0.1% on the day Monday. So far Arap is in the green, up about 1.2% on their purchase based on today's trading high of $16.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Monday 4/6 Insider Buying Report: ANVS, VALE

The most recent trading session ended with VALE S.A. (VALE) standing at $9.27, reflecting a +1.53% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.41%. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq increased by 0.67%.
Shares of the company witnessed a loss of 2.56% over the previous month, trailing the performance of the Basic Materials sector with its gain of 2.3% and the S&P 500's gain of 6.13%.
The investment community will be closely monitoring the performance of VALE S.A. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.44, marking a 2.33% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $10 billion, up 0.78% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $39.39 billion. These totals would mark changes of -2.2% and +3.5%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for VALE S.A. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.55% fall in the Zacks Consensus EPS estimate. VALE S.A. presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, VALE S.A. is currently exchanging hands at a Forward P/E ratio of 5.14. This signifies no noticeable deviation in comparison to the average Forward P/E of 5.14 for its industry.
Also, we should mention that VALE has a PEG ratio of 0.29. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Mining - Iron industry currently had an average PEG ratio of 0.29 as of yesterday's close.
The Mining - Iron industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow VALE in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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VALE S.A. (VALE) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

VALE S.A. (VALE) Outperforms Broader Market: What You Need to Know

A study of analyst recommendations at the major brokerages shows that Vale SA (Symbol: VALE) is the #6 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.
From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.
VALE operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Southern Copper Corp (SCCO) which is off about 0.4% today, and Howmet Aerospace Inc (HWM) trading up by about 0.4%. Below is a three month price history chart comparing the stock performance of VALE, versus SCCO and HWM.
VALE is currently trading up about 0.1% midday Tuesday.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Analyst Favorites: Vale Ranks As a Top Metals Pick

Investors in Vale SA (Symbol: VALE) saw new options become available today, for the May 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the VALE options chain for the new May 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $14.00 strike price has a current bid of 38 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $14.00, but will also collect the premium, putting the cost basis of the shares at $13.62 (before broker commissions). To an investor already interested in purchasing shares of VALE, that could represent an attractive alternative to paying $14.33/share today.
Because the $14.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.71% return on the cash commitment, or 17.38% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Vale SA, and highlighting in green where the $14.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $15.00 strike price has a current bid of 36 cents. If an investor was to purchase shares of VALE stock at the current price level of $14.33/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $15.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.19% if the stock gets called away at the May 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VALE shares really soar, which is why looking at the trailing twelve month trading history for Vale SA, as well as studying the business fundamentals becomes important. Below is a chart showing VALE's trailing twelve month trading history, with the $15.00 strike highlighted in red:
Considering the fact that the $15.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.51% boost of extra return to the investor, or 16.09% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 36%, while the implied volatility in the call contract example is 49%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $14.33) to be 32%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

May 15th Options Now Available For Vale

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio Emerging Markets ETF (Symbol: SPEM) where we have detected an approximate $282.2 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 334,700,000 to 340,200,000). Among the largest underlying components of SPEM, in trading today Vale SA (Symbol: VALE) is down about 3.9%, Infosys Ltd. (Symbol: INFY) is up about 1.8%, and Itau Unibanco Holding S.A. (Symbol: ITUB) is lower by about 0.9%. For a complete list of holdings, visit the SPEM Holdings page » The chart below shows the one year price performance of SPEM, versus its 200 day moving average:
Looking at the chart above, SPEM's low point in its 52 week range is $34.38 per share, with $51.355 as the 52 week high point — that compares with a last trade of $50.44. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy ETF Inflows: SPEM, VALE, INFY, ITUB

The NASDAQ 100 Pre-Market Indicator is up 49.27 to 24,736.88. The total Pre-Market volume is currently 123,231,013 shares traded.
The following are the most active stocks for the pre-market session:
ProShares UltraPro QQQ (TQQQ) is -0.43 at $47.83, with 6,654,681 shares traded. This represents a 173.31% increase from its 52 Week Low.
Rivian Automotive, Inc. (RIVN) is +3.3446 at $17.34, with 3,698,667 shares traded. RIVN's current last sale is 108.4% of the target price of $16.
ProShares UltraPro Short QQQ (SQQQ) is +0.65 at $73.75, with 3,598,849 shares traded. This represents a 19.49% increase from its 52 Week Low.
Direxion Daily TSLA Bull 2X Shares (TSLL) is -0.2 at $15.69, with 3,363,718 shares traded. This represents a 149.44% increase from its 52 Week Low.
Defiance Daily Target 2x Long MSTR ETF (MSTX) is +0.0997 at $2.19, with 2,577,009 shares traded. This represents a 39.47% increase from its 52 Week Low.
Apple Inc. (AAPL) is -0.84 at $260.89, with 2,521,522 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2026. The consensus EPS forecast is $1.88. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
AT&T Inc. (T) is -0.03 at $28.77, with 1,812,484 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2026. The consensus EPS forecast is $0.55. As reported by Zacks, the current mean recommendation for T is in the "buy range".
Pinterest, Inc. (PINS) is -3.99 at $14.55, with 1,598,426 shares traded., following a 52-week high recorded in prior regular session.
Alibaba Group Holding Limited (BABA) is -7.14 at $151.59, with 1,273,795 shares traded.BABA is scheduled to provide an earnings report on 2/19/2026, for the fiscal quarter ending Dec2025. The consensus earnings per share forecast is 1.73 per share, which represents a 277 percent increase over the EPS one Year Ago
TRI Pointe Homes, Inc. (TPH) is +9.76 at $46.33, with 1,079,401 shares traded. TPH's current last sale is 117.29% of the target price of $39.5.
VALE S.A. (VALE) is -0.3797 at $16.66, with 1,005,958 shares traded.VALE is scheduled to provide an earnings report on 2/18/2026, for the fiscal quarter ending Dec2025. The consensus earnings per share forecast is 0.57 per share, which represents a 20 percent increase over the EPS one Year Ago
NuScale Power Corporation (SMR) is +0.17 at $14.16, with 929,785 shares traded. SMR's current last sale is 53.43% of the target price of $26.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Feb 13, 2026 : TQQQ, RIVN, SQQQ, TSLL, MSTX, AAPL, T, PINS, BABA, TPH, VALE, SMR

Thursday, January 29, 2026
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Applied Materials, Inc. (AMAT), Linde plc (LIN) and Abbott Laboratories (ABT), as well as a micro-cap stock Flanigan's Enterprises, Inc. (BDL). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Jobless Claims, Productivity & Earnings: What More Do You Want?
Today's Featured Research Reports
Applied Materials’ shares have outperformed the Zacks Electronics - Semiconductors industry over the past six months (+80.2% vs. +19.5%). The company is benefiting from strength in the Semiconductor Systems, owing to a rebound in the semiconductor industry, particularly in the foundry and logic space.
Consistent progress in the services is aiding Applied Global Services’ performance. Solid momentum in the subscription and display businesses is a plus. Its strength in IoT, Communications, Auto, Power and Sensors (ICAPS) is likely to continue aiding its position in the semiconductor industry. Its diversified portfolio remains its key growth driver.
However, increasing U.S.-China tensions and export restrictions on semiconductor manufacturing equipment may undermine its near-term growth prospects. Slow memory market recovery and rising operating costs remain other major concerns.
(You can read the full research report on Applied Materials here >>>)
Shares of Linde have outperformed the Zacks Chemical - Specialty industry over the past year (+2.2% vs. -0.2%). The company is one of the top players in the industrial gas business, known for its steady profit growth, smart use of its money and industry-leading efficiency. Linde holds a record-high order book of $10 billion, with projects deemed highly reliable thanks to their fixed-fee contracts and the company’s strong track record of successful execution.
Linde has maintained industry-leading operating margins with further improvements expected from cost-control programs, automation, and AI-enabled process optimization. Yet, LIN is not very hopeful about Europe’s economy this year, expecting demand there to shrink, especially in the industrial sector.
Moreover, prices for helium and other rare gases are falling at a high single-digit pace due to an oversupply in the market, a trend affecting theglobal market Fluctuations in exchange rates also pose risks.
(You can read the full research report on Linde here >>>)
Abbott’s shares have underperformed the Zacks Medical - Products industry over the past year (-16.1% vs. -14.4%). The company’s nutrition business is in transition, with Adult Nutrition and innovation positioned to support a return to growth in the second half of 2026 following near-term volume and pricing woes. At the same time, macro uncertainty, tariffs and China pressures limit near-term visibility despite Abbott’s diversified portfolio.
Nevertheless, Abbott’s strong product pipeline continues to open new prospects and supports its growth outlook into 2026. The Medical Devices segment remains a key growth driver, led by the FreeStyle Libre CGM franchise and expansion across Diabetes Care.
In Diagnostics, underlying demand outside COVID continues to improve, with Core Laboratory and Point of Care gaining momentum outside China. Abbott also remains constructive on its biosimilar strategy, supporting sustained growth in the EPD across emerging markets.
(You can read the full research report on Abbott here >>>)
Shares of Flanigan's have outperformed the Zacks Retail - Restaurants industry over the past year (+35.4% vs. -5.1%). This microcap company with market capitalization of $62.45 million offers a differentiated, dual-format casual dining and liquor retail model that continues to deliver steady growth and strong cash generation.
Fiscal 2025 revenue rose 9.6%, driven by pricing discipline, package store strength and incremental unit contributions. Strategic menu and bar price increases preserved traffic and lifted restaurant gross margins to 66.6% despite labor and commodity inflation, underscoring pricing power and operational control. Capital-light liquor stores and franchise royalties provide diversified, recurring cash flows, while supporting balance sheet flexibility.
Risks center on structural cost pressures, labor inflation, muted same-store traffic growth, high fixed costs and underinvestment in digital capabilities, which may limit margin scalability and organic growth. Valuation reflects both operational resilience and investor skepticism.
(You can read the full research report on Flanigan's here >>>)
Other noteworthy reports we are featuring today include Vertex Pharmaceuticals Inc. (VRTX), Seagate Technology Holdings plc (STX) and Vale S.A. (VALE).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
Vertex (VRTX) Cystic Fibrosis Sales Up; Focus on New Drugs
The Zacks analyst says Vertex's cystic franchise sales are up due to higher sales of Trikafta and contribution from new drug, Alyftrek. However, sales of new drugs, Journavx and Casgevy has been slow.
Seagate Gains From (STX) Increasing Data Center and AI Demand
Per the Zacks analyst, Seagate's cost-efficient, high-density, and reliable storage gives it a competitive edge in serving hyperscale cloud providers, social media and AI-driven enterprises.
Kinder Morgan's (KMI) $10B Backlog Fuels Long-Term Growth
Per the Zacks analyst, KMI's $10B backlog, 90% gas-focused, signals durable demand and long-term contracts that should lift KMI's cash flows and earnings through 2029.
SoFi's (SOFI) Galileo Growth Boosts Outlook, Liquidity a Concern
Rising digital finance demand and growing Galileo adoption enhance SoFi's appeal as a cost-effective platform. Liquidity remains pressured by elevated current liabilities.
Synchrony's (SYF) Strategic Buyouts and Collaborations Aid
Per the Zacks analyst, Synchrony's acquisitions will boost its digital capabilities while partnerships grow addressable market size. However, escalating expenses remain a concern.
Business Transformation, AUM, Global Presence Support Invesco (IVZ)
Per the Zacks analyst, Invesco's business transformation plan, robust AUM, diverse product offerings, strong balance sheet, strategic expansion efforts and global presence will keep aiding financials.
Reliable Assets, Customer Increase Aid Southwest Gas (SWX)
Per the Zacks analyst, Southwest Gas' investment in infrastructure is making its assets more reliable. Economic improvement and rising customer base is generating demand and boosting performance.
New Upgrades
Solid Growth Projects, Cost Control to Aid Vale (VALE)
Per the Zacks analyst, investment in growth projects across its portfolio, focus on improving quality and productivity, efforts to lower costs and reducing debt levels will fuel Vale's growth.
Organic Growth and Strong Liquidity Position Aids Bank of Hawaii (BOH)
Per the Zacks analyst, Bank of Hawaii's organic strength is reflected by steady loan and deposit growth. A strong liquidity level further supports its capital distribution activities.
Yelp (YELP) Benefits from Increasing Advertising Revenues
Per the Zacks analyst, an increase in the number of paying advertising locations and improved productivity from the advertising sales force are bolstering Yelp's ad revenues.
New Downgrades
Mobileye (MBLY) Pressured by High Costs and Margin Headwinds
The Zacks analyst is bearish on Mobileye as it is set to face rising cost headwinds from unfavorable mix, lower chip ASPs, EyeQ5 costs, higher R and D, wage inflation and infrastructure spending.
Post Holdings (POST) Faces Volume Declines and Margin Pressure
As per the Zacks analyst, Post Holdings remains under pressure from weak demand, volume declines, margin erosion and macro headwinds, constraining near-term recovery into fiscal 2026.
Ongoing Macro Challenges and High Costs Hurt AECOM's (ACM) Prospects
Per the Zacks analyst, AECOM is hurting from ongoing macro challenges, high costs and currency fluctuations. Also, overdependence on government projects is an additional concern.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VALE S.A. (VALE) : Free Stock Analysis Report
Linde PLC (LIN) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for Applied Materials, Linde & Abbott

The NASDAQ 100 Pre-Market Indicator is up 65.02 to 26,087.81. The total Pre-Market volume is currently 106,797,429 shares traded.
The following are the most active stocks for the pre-market session:
Joby Aviation, Inc. (JOBY) is -2.03 at $11.34, with 8,321,437 shares traded. JOBY's current last sale is 113.4% of the target price of $10.
Direxion Daily TSLA Bull 2X Shares (TSLL) is +0.64 at $17.88, with 6,836,538 shares traded. This represents a 184.26% increase from its 52 Week Low.
Namib Minerals (NAMM) is +1.3 at $7.70, with 4,046,341 shares traded. NAMM's current last sale is 81.05% of the target price of $9.5.
Intel Corporation (INTC) is -0.74 at $48.04, with 3,242,034 shares traded. INTC's current last sale is 106.76% of the target price of $45.
ProShares UltraPro QQQ (TQQQ) is +0.1618 at $57.22, with 2,905,700 shares traded. This represents a 226.98% increase from its 52 Week Low.
Microsoft Corporation (MSFT) is -33 at $448.63, with 2,571,879 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
VALE S.A. (VALE) is +0.3215 at $17.08, with 2,020,444 shares traded., following a 52-week high recorded in prior regular session.
USA Rare Earth, Inc. (USAR) is -2.279 at $22.90, with 1,926,780 shares traded.USAR is scheduled to provide an earnings report on 2/5/2026, for the fiscal quarter ending Dec2025. The consensus earnings per share forecast is -0.12 per share, which represents a 99,900 percent increase over the EPS one Year Ago
ServiceNow, Inc. (NOW) is -11.441 at $118.18, with 1,266,279 shares traded. As reported by Zacks, the current mean recommendation for NOW is in the "buy range".
Nokia Corporation (NOK) is -0.4301 at $6.39, with 1,190,356 shares traded. Smarter Analyst Reports: Nokia Bags Deal to Deploy 4G & 5G Network in Indonesia
Redwire Corporation (RDW) is +0.3516 at $13.64, with 1,174,164 shares traded. As reported by Zacks, the current mean recommendation for RDW is in the "buy range".
SAP SE (SAP) is -39.06 at $197.05, with 1,095,770 shares traded. As reported by Zacks, the current mean recommendation for SAP is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Jan 29, 2026 : JOBY, TSLL, NAMM, INTC, TQQQ, MSFT, VALE, USAR, NOW, NOK, RDW, SAP

Key Points
Kawa Capital sold 2,094,404 shares of Gerdau S.A. in the fourth quarter.
The transaction represented a 15.0% change in reported 13F AUM.
The shares were previously worth about $6.49 million.
Kawa Capital Management sold out its entire position in Gerdau S.A. (NYSE:GGB), according to a January 21 SEC filing, with an estimated transaction value of $6.49 million based on the last-disclosed value.
What happened
According to a filing with the Securities and Exchange Commission dated January 21, Kawa Capital Management sold all of its 2,094,404 shares of Gerdau S.A. during the fourth quarter. The estimated transaction value was $6.49 million.
What else to know
This was a full liquidation of a previously significant holding, reducing Gerdau S.A. exposure from 11.8% of 13F AUM to 0%.
Top holdings after the filing:
NYSE:BDN: $15.73 million (36.4% of AUM)
NYSE:ONL: $12.54 million (29.0% of AUM)
NYSE:ARE: $7.93 million (18.3% of AUM)
NYSE:VALE: $7.05 million (16.3% of AUM)
As of January 20, Gerdau S.A. shares were priced at $4.16, up 47.0% over the past year and vastly outperforming the S&P 500’s 14% gain in the same period.
Company overview
Price (as of 2026-01-20)
$4.16
Market Capitalization
$8.60 billion
Revenue (TTM)
$13.10 billion
Net Income (TTM)
$564.19 million
Company snapshot
Gerdau offers a broad portfolio of steel products, including semi-finished billets and blooms, long rolled products, special steels, flat products, and iron ore.
The company operates a vertically integrated business model encompassing steel production, mining, and distribution, generating revenue from direct sales, distributors, and a retail network across the Americas.
It serves construction, manufacturing, automotive, agricultural, oil and gas, wind energy, and infrastructure sectors, targeting both industrial clients and resellers.
Gerdau S.A. is a leading steel producer in the Americas, with a diversified product offering and an extensive distribution network. The company leverages its integrated operations and broad geographic reach to serve a wide range of industrial and infrastructure customers. Its scale, product diversity, and established presence in key markets support its competitive positioning within the global steel industry.
What this transaction means for investors
Gerdau has been a quiet winner over the past year, with shares up roughly 47% as pricing discipline, resilient North American demand, and a streamlined cost structure lifted results. That kind of performance naturally changes the risk math for concentrated portfolios.
In its most recent earnings update, the company highlighted steady cash generation and continued capital returns, including dividends and buybacks, even as steel markets normalized from earlier peaks. Management emphasized balance sheet strength and flexibility, pointing to disciplined capex and a focus on higher margin products tied to infrastructure and industrial demand. Those are real positives for long-term investors looking at durability rather than spot pricing.
But context matters. This position previously represented nearly 12% of the fund’s reportable assets, making it an outsized exposure relative to the rest of the portfolio, which now leans heavily into real estate and diversified materials names like Vale. Fully exiting after a sharp rally suggests portfolio construction and risk management may be driving the decision as much as fundamentals.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alexandria Real Estate Equities. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Periodand min./max. price, $	Price change, %		Volatility, %		Volume, $
Periodand min./max. price, $	VALE	Industry	VALE	Industry	Volume, $
Yesterday 17.6 - 17.9	21.91	8.81	4.27	1.43	320.80M
Week 17.4 - 17.9	23.86	13.38	3.72	3.30	2.23B
Month 14.0 - 17.9	50.11	14.44	6.22	7.78	8.05B
3 Months 14.0 - 17.9	42.88	21.40	14.62	14.20	31.38B
6 Months 11.2 - 17.9	92.16	45.86	17.96	26.12	55.69B
Year 9.0 - 17.9	137.41	96.93	30.34	45.04	97.94B
3 years 8.1 - 17.9	49.59	57.66	54.05	75.02	232.94B
5 years 8.1 - 23.2	13.54	85.59	81.33	98.44	476.53B
All time 2.1 - 37.3	-29.97	474.02	—	—	456.76B

VALE S.A.

Price and volatility history

Risk ratios