Shares of Albemarle (ALB -2.02%) slumped more than 50% at one point in trading in 2023 before regaining some ground in the last couple of months or so. The lithium stock still ended 2023 down 33.4%, according to data provided by S&P Global Market Intelligence.For this, you can blame a meltdown in lithium prices. Albemarle, however, is still on solid footing, and its stock price could rebound this year as investors avail this golden opportunity to buy a growth stock on the cheap.Albemarle's sales continue to ...

With such a surprisingly strong performance printed last year, it’s only natural to consider going with the flow, not abruptly shifting gears with stock comeback predictions. Yeah, going contrarian is a sexy concept, I get it. However, turnaround stocks come with significant risks.While the aphorism of buy low, sell high permeate popular culture, the idea can be misconstrued. It doesn’t mean that you just react to red like a (biological) bull would. Instead, you need to be extremely selective with your cont ...

Just_Super For most investors in most companies, 2023 ended up being a fantastic year. Including dividends, the S&P 500 jumped 26.3%. That follows a rather difficult 2022 fiscal year in which all the market, including dividends, drop by 18.4%. But not every company fared well during the year. Specialty chemicals producer Albemarle Corporation (NYSE:ALB) was one of the unlucky ones, with a total return negative to the tune of 32.8%. Although we still don't have data covering the final quarter of 2023, the fi ...

There can be temporary headwinds even for sectors that have multi-decade growth opportunities. These headwinds provide an opportunity for fresh entry for investors who have missed the previous sector rally. The electric vehicle sector has faced challenges in the form of intensifying competition, macroeconomic headwinds, and supply-chain concerns. Geopolitical tensions have also impacted growth, resulting in some of the best EV stocks trading at a valuation gap.It’s, therefore, a good time to consider exposu ...

Last year, lithium prices plunged, leading to a significant correction in some of the best lithium stocks. The outlook for lithium remains bearish for the year and the recovery is likely to be gradual. However, there is no doubt that lithium demand will swell in the coming years on the back of rising EV adoption. Some analysts are predicting that global lithium shortage can come as early as 2025.Given the current sentiments and the long-term outlook, it’s one of the best times to buy lithium stocks. With th ...

John MooreAlbemarle (NYSE:ALB) slumped during 2023 as EV demand growth slowed, placing pressure on lithium prices. The Australian government has forecast strong growth in lithium production while questioning short-term lithium demand, especially with questionable EV demand in the US. My investment thesis is more Bullish on the stock following the large dip in 2023 and the better price action to start 2024 with lithium prices likely bottoming out. Source: FinvizLithium Supplies Australia is the largest ...

The general rule is that higher returns come with higher risk exposure. In equities, it would imply buying growth and penny stocks that have a relatively higher beta. However, there are time when low-beta blue-chip stocks can outperform growth stocks for a certain period. This can be due to industry or company specific catalysts. Further, there can be a case of blue-chip stock bargains where the valuation gap is deep. A potential reversal in sentiment can translate into robust returns in quick time.A good e ...

The latest trading session saw Albemarle (ALB) ending at $136.58, denoting a +0.55% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.41%. At the same time, the Dow added 0.58%, and the tech-heavy Nasdaq gained 2.2%.Prior to today's trading, shares of the specialty chemicals company had gained 6.13% over the past month. This has outpaced the Basic Materials sector's gain of 5.33% and the S&P 500's gain of 2.9% in that time.Investors will be eagerly watching ...

When you find growth stocks that have been hammered despite their long-term investing thesis still being firmly in place, it's time to jump right in. Although 2023 was a rebound year for growth stocks, some failed to join the recovery as industry-specific concerns clobbered their businesses. As a result, opportunities abound.For example, growth hasn't come easy for Albemarle (ALB -4.57%) in recent quarters as lithium prices crashed over the past year or so. Albemarle stock ended 2023 down 33% after plunging ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Albemarle Corporation (ALB) is a engineered specialty chemicals company. The Zacks Consensus Estimate for its current year earnings has been revised 7.5% downward over the last 60 days.Fidelis Insurance Holdings Limited (FIHL) is an insurance company. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 60 days.The GEO Group, Inc. (GEO) is a company that owns, leases, and manages secu ...