October 4, 2024 - Rises on news that Rio Tinto Plc (RIO, Financial) is considering lithium acquisitions, as reported by The Australian despite no guarantee of successful acquisition.
This basket of growth stocks, value stocks, and a high-yield dividend stock can help round out your portfolio this fall.
At many points in September, investors heard about the S&P 500 hitting a record high. But at several points in that month, the index pulled back instead of moving higher.
Industrial, materials and consumer discretionary companies with exposure to China stand to benefit from stimulus.
Albemarle (ALB) concluded the recent trading session at $94.71, signifying a -1.4% move from its prior day's close.
The weakness in GXO Logistics' end markets won't last forever. Lithium demand remains strong and will benefit Albemarle in the coming years.
Albemarle (ALB) closed at $90.46 in the latest trading session, marking a +1.97% move from the prior day.
Despite cost advantages and operational adjustments, Albemarle's recovery remains elusive due to cyclical downturns and weak lithium prices. Free cash flow profitability is not expected until FY2026, increasing execution risks and requiring patience from investors. Improved buying momentum corroborates a potential long-term bottom.
Albemarle (ALB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
If you're like many investors, you may feel this isn't your normal bull market. For every data point supporting a strengthening economy, you can find one or more that suggest things are weaker than expected.
While ALB benefits from higher lithium volumes and actions to boost its global lithium conversion capacity, lower lithium prices weigh on its prospects.
The latest trading day saw Albemarle (ALB) settling at $87.44, representing a -1.2% change from its previous close.