Vale: Upgrading To Buy On Improving Commodity Prices, Earnings On Deck

Core Viewpoint - There has been a significant bullish turnaround in commodity-sensitive stocks and country ETFs, particularly highlighted by the performance of the iShares MSCI Brazil ETF (EWZ), which has increased over 17% in 2025, outperforming the S&P 500 Trust ETF [1] Group 1: Market Performance - The iShares MSCI Brazil ETF (EWZ) has risen more than 17% in 2025 [1] - This performance indicates a strong recovery in commodity-sensitive stocks and country ETFs [1] Group 2: Comparative Analysis - The growth of the iShares MSCI Brazil ETF (EWZ) is notably higher than that of the S&P 500 Trust ETF, suggesting a shift in investor sentiment towards emerging markets [1]