The market expects Albemarle (ALB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 14, 2024, might help the stock move higher if these key numbers are ...

Discerning investors are always looking for the most promising EV stocks to buy in the electrifying stock market race. Amidst a backdrop of tumbling shares, with Tesla’s dramatic downturn setting the pace, the electric vehicle sector finds itself at a critical juncture. However, opportunities are charging up despite the sector’s recent setbacks, including missed sales targets and dwindling valuations. Hence, for those eyeing the horizon, the current dip is a signal to invest strategically. The long-term pot ...

PALM BEACH, Fla., Feb. 06, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Lithium metal is used in various industrial applications, including the private, consumer, aerospace and defense industries. The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal. Lithium metal is an essential component of lithium-ion batteries and solid-state batteries, as it is used to create the an ...

In 2020, I discussed how federal pension laws restricted the amount of company stock that could be held within an employee’s defined benefit plan to 10% of the assets. Unfortunately, the same cannot be said about defined contribution plans like 401(k)s, which have created glaringly obvious retirement risk stocks to avoid.  In 2018, two finance professors contributed an article to Fortune that said 38% of large American companies (5,000 or more employees) made their company stock one of the investment option ...

The most recent trading session ended with Albemarle (ALB) standing at $116.78, reflecting a +1.78% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 1.25%. On the other hand, the Dow registered a gain of 0.97%, and the technology-centric Nasdaq increased by 1.3%.The specialty chemicals company's shares have seen a decrease of 18.15% over the last month, not keeping up with the Basic Materials sector's loss of 7.18% and the S&P 500's gain of 1.58%.A ...

Albemarle (ALB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this specialty chemicals company have returned -18.1%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Chemical - Diversified industry, which Albemarle falls in, has lost 6.4%. The key question now is: What could be the stock's future ...

The industrial sector is a vital component of the United States economy, and one that often goes relatively unnoticed. The sector comprises businesses engaged in construction, manufacturing, mining  and other blue collar industries. Stocks in the sector tend to be dependable and steady overall and attend to also pay dividends.They are logical choices but many times lack attention due to their slow growth relative to the technology sector, for example. As the economy strengthens in early 2024 industrial stoc ...

Lithium stocks have taken a beating due to oversupply concerns and a slowdown in electric vehicle (EV) sales. But don’t give up on them yet. If the Federal Reserve cuts interest rates as expected, we could see a resurgence of EV sales and a massive comeback for some of the most trod-upon lithium stocks.In addition, I noted the following on Jan. 21.“With some lithium mines shutting down or reducing production we could see less supply. This could help stabilize prices and send lithium prices higher with deman ...

Albemarle (NYSE:ALB) layoffs are reportedly coming for the largest lithium producer in the world as it deals with falling prices for the metals used in electric vehicles (EVs).These layoffs have Albermarle cutting 300 employees, which represents roughly 4% of its total workforce. The headcount reductions affect its legal, mergers and acquisitions, marketing, materials sciences, research and development, as well as its recycling departments.It’s still unclear when these Albemarle layoffs will take place. How ...

TD Cowen slashed lithium stock Albemarle Corp's (NYSE:ALB) rating to "market perform" from "outperform" this morning. The firm also cut its price target all the way to $130 from $220, citing weak pricing. Separately, Albemarle announced it was laying off 4% of its workforce. ALB was last seen up 1.2% to trade at $121.26, but earlier slipped to $117.38. Familiar support at the $112 level, home to its recent Nov. 13 three-year lows, swooped in to catch the stock's latest pullback. Still, the equity remains do ...