Wall Street Fundamentals Releases New In-Depth Stock Reports on BHP, MT, RIO and VALE


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Companies Mentioned

NYSE:BHP / NYSE:MT / NYSE:RIO / NYSE:VALE
03/11/2014 [ACCESSWIRE]

Iron ore prices fell sharply as disappointing data out of China, who purchases roughly 2/3 of the global seaborne iron ore supply, continue to pressure prices for the commodity lower. The General Administration of Customs reported China’s exports unexpectedly decline 18.1 percent year-over-year in February, while imports spiked 10.1 percent, resulting in a trade deficit of $23 billion. The nation posted a trade surplus of $32.0 billion in January. "Any poor news from China is always going to hit short-term market sentiment, especially in the mining sector, and fears of slower growth will hit base metals," said IPR Capital director Steven Mayne.

BHP Billiton Limited (NYSE: BHP) shares traded in the range of $64.59 to $65.34 Monday before settling to close at $64.93, a decrease of 2.67 percent. The stock appears to be facing some resistance at the $65.00 and $65.46 levels with some support at $64.39 and $63.75. Shares of BHP Billiton are down approximately 5.0 percent year-to-date.

More information on BHP Billiton and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/BHP

ArcelorMittal SA (NYSE: MT) shares traded in the range of $14.88 to $15.24 Monday before settling to close at $15.14, a decrease of 1.50 percent. The stock appears to be facing some resistance at the $2.52 and $2.66 levels with some support at $2.41 and $2.26. Shares of ArcelorMittal have fallen approximately 15.0 percent year-to-date.

More information on ArcelorMittal and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/MT

Rio Tinto plc (NYSE: RIO) shares traded in the range of $51.60 to $52.47 Monday before settling to close at $52.35, a decrease of 1.95 percent. The stock appears to be facing some resistance at the $52.69 and $53.31 levels with some support at $51.55 and $50.54. Shares of Rio Tinto are down approximately 7.0 percent year-to-date.

More information on Rio Tinto and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RIO

Vale SA (NYSE: VALE) shares traded in the range of $12.60 to $12.90 Monday before settling to close at $12.81, a decrease of 1.76 percent. The stock appears to be facing some resistance at the $12.92, $13.39 and $13.55 levels. Shares of Vale SA have fallen approximately 16.0 percent year-to-date.

More information on Vale SA and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/VALE

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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Wall Street Fundamentals
Website:
www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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