Vale S. A. (VALE)

[realtorwsm]

news wire says earning of a net loss of some $3.1 billion reversing profits of $2.5 billion 1st quarter of 2014.

This is still a massive company with a stock that is just been beaten down this past year. The loss was expected and maybe somewhat priced in.

We will retreat a little but considering its defensive play potential with the expected market correction (7-10%) on the horizon - we won't be pulling back for long.