I maintain my HOLD rating on Albemarle despite a large share price rally since my last rating. Lithium prices appear to have bottomed out, benefiting ALB as a low-cost, large-scale producer in the coming years. I expect an industry shakeout of weaker players and further lithium price recovery ahead.
Albemarle (ALB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 is my top lithium sector pick, offering industry leadership, global scale, and a strong balance sheet at the bottom of the lithium price cycle. Lithium prices may have just bottomed after a 90% plunge since late 2022, with recent supply cuts and global EV buying trends setting up a potential multi-year rebound. Technical momentum/accumulation trends in many lithium miners, including Albemarle, have been excellent since June.
Albemarle (ALB) concluded the recent trading session at $77.07, signifying a +1.76% move from its prior day's close.
Wall Street analysts can often be among the more conservative handicappers of where revenue and earnings growth can come in over time.
U.S. equities were lower at midday after President Donald Trump made more tariff announcements. The Dow Jones Industrial Average, S&P 500, and Nasdaq all declined.
Albemarle (ALB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Recently, Zacks.com users have been paying close attention to Albemarle (ALB). This makes it worthwhile to examine what the stock has in store.
Tom Yeung here with your Sunday Digest . The Statue of Liberty, pictured above, is instantly recognizable.
In the most recent trading session, Albemarle (ALB) closed at $67.21, indicating a -1.15% shift from the previous trading day.
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