The plunge in lithium prices is a golden opportunity to consider the best lithium stocks to buy and hold. In my view, lithium is poised to surge higher in the coming years and this will translate into multibagger returns from lithium stocks. The best time to buy is when sentiments are depressed than in times of euphoria.It’s worth noting that the global demand for lithium batteries is likely to surge five-folds by 2030. This forms a basis for a bullish outlook for lithium. Governments globally are backing t ...

Electric vehicle sales have been increasing at a robust pace in the last few years. In 2022, global EV sales exceeded 10 million. Further, EV sales for last year are likely at 14 million and would account for 18% of total car sales. As healthy growth sustains, I am bullish on some of the best EV stocks.I would further add that these numbers are dwarfed in comparison to the estimates for 2030. It’s expected that global EV car stock will expand to 350 million vehicles by the end of the decade. Also, EVs would ...

The lithium sector is experiencing rapid growth, primarily fueled by the increasing demand for lithium-ion batteries in electric vehicles (EVs) and various electronic devices. Lithium, a light and highly reactive metal, is crucial for manufacturing these batteries. The sector comprises companies involved in lithium mining, processing, and battery production. As the world shifts towards renewable energy and electric transportation, the lithium market’s importance is poised to grow.Investing in lithium stocks ...

In green technology, millionaire maker battery stocks have been a major interest to savvy investors. As the heartbeat of multiple applications, battery technology, especially in the burgeoning field of electric vehicles (EVs), is undergoing rapid changes. This evolution positions battery stocks as critical components in investor portfolios. Additionally, it offers substantial value for those with a vision for the long haul.Focusing on the global demand for EV batteries, we’re witnessing a likely multi-fold ...

2024 is shaping up to be a strong year for Wall Street. The economy continues to improve and it may very well be that we entirely avoid a recession. The Federal Reserve is projecting multiple rate cuts which is the most prominent factor serving as evidence for bullishness. Thus, the search for stocks that could double is a worthwhile endeavor.There is never a shortage of stocks available to investors that are predicted to double in price. Investors can easily find any number of penny stocks and multiple pre ...

Albemarle (ALB) ended the recent trading session at $122.59, demonstrating a +1.52% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.43%.The the stock of specialty chemicals company has fallen by 19.55% in the past month, lagging the Basic Materials sector's loss of 7.93% and the S&P 500's gain of 2.08%.The investment community will be closely mon ...

As I’ve noted in previous columns, each political party likes certain sectors of the economy more than others. For example, Democrats tend to be much more supportive of renewable energy companies than Big Oil, and Republicans are the other way around. Also importantly, “when Republicans and Democrats are in office, they usually reward their supporters and often take steps to harm the opposing party’s backers.” Further, by shaping Congress’ legislative agenda and appointing officials who make crucial rules, ...

The global demand for electric vehicle (EV) batteries is likely to growth multi-fold by the end of the decade. This would also imply robust growth for some of the best EV battery companies.Notably, the EV sector has faced some near-term challenges in the form of macroeconomic headwinds, inflation, and supply chain concerns. This has translated into attractive valuations for some of the best EV stocks. Undervalued battery stocks are worth holding for the next five years.Coming to the growth potential, the Li ...

Witthaya Prasongsin/Moment via Getty Images Given the headlines in the US right now about EVs being stranded in cold weather (which I warned about in previous analyses,) the current fear plaguing lithium stocks is that fewer EVs will be sold. Many buyers may be put off when they see EVs being towed by dependable diesel and gasoline tow trucks through the snowy streets of Chicago and elsewhere. This fear presumes that the same issues attack EV batteries in any weather. Not so. Yes, at this stage of innov ...

2023 has come to an end. 2024 is here and the electric vehicle industry couldn’t be happier about that transition. EV stocks suffered through a very difficult 2023. The high interest rate environment was but one of many factors that served to stunt sector growth overall. Investors could be forgiven for assuming that the electric vehicle industry is in decline given all of the negative news. However, the truth is that a record 1.2 million EVs were sold in the United States in 2023.Projections anticipate comp ...