After an impressive rally, the market is almost back to record highs, but it's always and forever a market of stocks, not a stock market. Dozens of companies are trading at 52-week lows. Some are value traps to ignore, and some are blue-chip bargains potentially set to soar. ALB is a dividend aristocrat with earnings that have collapsed by 95%. While its balance sheet is strong enough to keep the dividend intact, it offers negative return potential for several years.
Albemarle, Hasbro, Citigroup, Goldman Sachs, Dow Inc., and Albemarle are stocks 22V Research sees as benefiting from falling rates, and a strengthening economy.
Long-term lithium demand is very high, but the market is a mess right now.
Albemarle (ALB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Albemarle (ALB) was the worst-performing stock in the S&P 500 in intraday trading Monday as the world's biggest lithium producer continues to feel the negative effects of slumping lithium prices.
Albemarle Corporation shares are down 42.2% year to date, mainly due to short-term performance and declining lithium prices. Despite recent revenue drops, the long-term outlook for the company is positive with manageable debt and potential for significant upside. While near term trends may continue downward, the company's valuation is not excessive, making it a potentially attractive investment for value investors.
Nervous you might own S&P 500 stocks that will get swept up in the market's sell-off? There's a way to see which stocks investors are most eager to bail on.
Albemarle Corporation faces challenges due to falling lithium prices, leading to a significant drop in stock value. Albemarle struggles with negative free cash flow projections even at $15/kg lithium carbonate, $4 above current levels. Preferred shares are now less attractive than the commons if prices recover and run the risk of paying dividends in stock rather than cash if prices stay low.
Betting on the best battery stocks could yield superb gains thanks to rapid cost reductions and market adaptation. Between 2018 and 2022, China shored up on lithium to enhance its battery production capacity, leading to massive stockpiling.
Albemarle (ALB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Albemarle reported miserable Q2 earnings on Wednesday, losing nearly $2 per share. Wall Street was quick to cut price targets, but most analysts still think Albemarle stock is a long-term buy.
Albemarle Corporation (NYSE:ALB ) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Meredith Bandy - VP, IR and Sustainability Jerry Kent Masters, Jr. - Chairman, President, and CEO Neal R. Sheorey - EVP and CFO Netha N.