Albemarle(ALB)

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3 Stocks About to Join the Rate Cut Party
MarketBeat· 2024-03-21 11:13
Key PointsThe stock market is having one big party as it prices in potential interest rate cuts this year. Not all stocks have followed the hype, creating a 'catch-up' opportunity for investors like you.Three stocks stand out as analyst top picks with double and even triple-digit EPS growth at compressed prices.5 stocks we like better than DOWYou can think of the S&P 500 and the NASDAQ 100 indexes as the sun that gets the rest of the stock market booming or busting. As these have been making all-time highs ...
Hot Stocks: The 3 Best Opportunities for Investing in Batteries
InvestorPlace· 2024-03-20 10:45
Lithium is a key component of electric vehicle (EV) batteries, which have surged in demand in the past few years. This demand caused some of the best battery stocks to reach record highs in late 2022. However, lithium carbonate prices have fallen more than 64% over the past twelve months. An oversupply of rare earth minerals is one of the reasons prices reached new lows in 2023. The other reason is most likely related to the slowing demand for EVs.Still, battery stocks could make great long-term investments ...
7 Lithium Stocks Built for the Long Haul
InvestorPlace· 2024-03-19 10:00
Investors certainly can’t be blamed for avoiding lithium stocks right now. Prices for the battery metal continue to be low after a year in 2023 that saw the sector implode. Waning demand for EVs in China is a big factor in the decline. A weakening Chinese economy served to compound the issue. Yet, long-term demand continues to be strong and makes it prudent to invest in lithium stocks built for the long haul.In this case, it looks like bigger is going to be better. That means investors should consider putti ...
Albemarle Stock Has 30% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-03-18 18:48
While the estimation of just how high manufacturer Albemarle's (ALB 2.25%) stock can rise may have dipped from his previous thinking, Christopher Kapsch, an analyst at Loop Capital still sees ample upside. Trimming his previous price target of $168, Kapsch last week said he sees shares of Albemarle headed to $162, and he maintains a buy rating on the lithium company's stock.Based on the stock's Monday afternoon price of $124.18, Kapsch's price target implies an upside of about 30% over the next 12 months or ...
3 Lithium Stocks With the Potential to Deliver Significant Returns in the Next 5 Years
InvestorPlace· 2024-03-18 17:35
Lithium carbonate prices are taking a dive due to a significant decline in demand from China. After rising manyfold in 2022, the increasing stocks of the precious metal are leading to depressed prices, which has had a knock-on effect on lithium stocks. However, the long-term outlook of lithium stocks remains strong due to the strong uptick in demand for electric vehicles. As a result, experts are forecasting that lithium carbonate prices might stabilize between $20,000 and $25,000 per metric ton from 2024 t ...
Battery Boom Beneficiaries: 3 Lithium Stocks to Buy Before They Double
InvestorPlace· 2024-03-18 08:46
Electric vehicle stocks have corrected in the near term with factors like competition and macroeconomic headwinds impacting sentiments. However, in terms of EV adoption, the global markets are still in an early stage. In the coming years, quality EV companies will create massive value. Among the various investment options, lithium stocks are worth considering for millionaire-making potential.As the global demand for batteries increases, lithium is likely to trend higher. The recent plunge is therefore a goo ...
Top 10 Lithium Companies To Consider
Seeking Alpha· 2024-03-15 17:05
D3signAllTheThings China lithium carbonate spot prices look to have bottomed The lithium sector has been hit severely the past year, with the lithium spot price down ~80%. As a result, most lithium stocks are now badly beaten down, albeit after a huge rise in 2021 and 2022 as lithium prices surged. 5 year China lithium carbonate spot price chart (source) Trading Economics CITIC Futures forecasts China lithium carbonate prices to average CNY 100,000 in 2024, with Jiangxi lepidolite costs of production ...
Why Is Albemarle (ALB) Up 2% Since Last Earnings Report?
Zacks Investment Research· 2024-03-15 16:35
A month has gone by since the last earnings report for Albemarle (ALB) . Shares have added about 2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Albemarle due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Albemarle's Earnings and Revenues Beat Estimates in Q4Albe ...
The 3 Most Undervalued Value Stocks to Buy in March 2024
InvestorPlace· 2024-03-15 14:34
Even experienced investors can get sucked in by the fear of missing out (FOMO). This frequently leads to chasing stocks that are trading above their intrinsic value. By contrast, value investing is buying stocks trading for less than their intrinsic value. Finding undervalued value stocks helps you take your emotions out of investment decisions. These stocks frequently have solid fundamentals that present an attractive risk-reward ratio. For example, value investors frequently target cyclical stocks such ...
Wall Street Favorites: 3 Lithium Stocks With Strong Buy Ratings for March 2024
InvestorPlace· 2024-03-13 17:10
Despite recent discoveries of America’s mass of lithium deposits, the landscape around mining in the processing of lithium remains complex. Yet, demand for elemental lithium set an all-time high thanks to electric vehicle manufacturing and battery cell technology advancements. For investors, this presents a complicated, interconnected world of companies as lithium becomes ever more central to the global economy.To determine if a particular lithium-centered company has potential, investors should focus on re ...