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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Lucrative Latin American Stocks

Vale (VALE)

Formerly known as Companhia Vale do Rio Doce, Brazil-based Vale operates as a diversified metals and mining company worldwide. The company produces iron ore and iron ore pellets, nickel, manganese ore, ferroalloys, kaolin and pig iron. It also engages in producing bauxite, alumina, aluminum, copper, metallurgical and thermal coal. And that's not all. The company also digs for metallurgical coke and methanol, cobalt, potash and other non-ferrous minerals, as well as precious metals, including gold and silver.

Vale helps transport and use the commodities as well. It operates a logistics system in Brazil, including railroads, maritime terminals and a port. Further, it engages in power generation and steel manufacturing.

"The company fits the long-term secular trends that exist in the emerging markets, namely the need for wide-scale construction projects and burgeoning industrial demand. Valuation is extremely attractive at 8 times 2011 earnings estimates with an expected 30% growth in revenues," says Atwood.

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