The Nasdaq Composite, S&P 500, and Dow rose 1.6%, 2.5%, and 1.9%, respectively, in the last trading session. Despite the occasional rallies, multi-decade high inflation, and…
the Fed’s effort to control it by raising rates are expected to keep the market extremely volatile.
A possible recession may lead to fewer jobs and weak consumer sentiment, weighing on the stock market. The median probability of a recession over the next 12 months stands at 47.5%, up from 30% in June, according to a Bloomberg survey of economists.
The Federal Reserve is expected to go with another 75 basis point rate hike rather than a larger move at its meeting next week to tame stubbornly high inflation.
Amid the uncertainties surrounding the stock market and the economy, it could be worth tracking high-volume stocks to minimize the liquidity risk. Vale S.A. (VALE), Ambev S.A. (ABEV), and Nokia Oyj (NOK) are among the most active equities on Wall Street at the moment. Because of their high trading volume, these stocks could be good additions to your watchlist.
Vale S.A. (VALE)
Headquartered in Rio de Janeiro, Brazil, VALE and its subsidiaries produce and sell iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. Ferrous Minerals and Base Metals are the company’s two operational segments. It has traded at an average volume of 36,098,431 over the past three months.
VALE’s net operating revenue amounted to $10.81 billion for the first quarter ending March 31, 2022. The operating income came in at $6.60 billion, while its net income stood at $4.48 billion over the period. The company’s EPS amounted to $0.93 over the period.
Analysts expect VALE’s revenue to increase 2.9% year-over-year to $12.86 billion for the fourth quarter ending December 2022. Moreover, it has an impressive earnings surprise history, as it surpassed the consensus EPS estimates in three of the trailing four quarters. The stock has lost 11.3% year-to-date.
TOP 10 STOCKS FOR THE YEAR AHEAD
VALE’s POWR Ratings reflect this promising outlook. The company has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
The stock also has an A grade for Quality and a B for Value. Within the Industrial – Metals industry, it is ranked #8 of 36 stocks. Click here for VALE’s additional POWR Ratings for Growth, Stability, Sentiment, and Momentum.
Ambev S.A. (ABEV)
Headquartered in São Paulo, Brazil, ABEV produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company has four operating segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. The stock has traded at an average volume of 34,290,745 over the past three months.
During the first quarter ending March 31, 2022, ABEV’s net revenue increased 10.8% year-over-year to R$16.64 billion. Its income from operations grew 4.3% from its year-ago value to R$4.16 billion, while its profit improved…
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