ALB - Albemarle Corporation

NYSE - NYSE Delayed Price. Currency in USD
+0.95 (+1.18%)
At close: 4:01PM EST
Stock chart is not supported by your current browser
Previous Close 80.42
Open 81.80
Bid 0.00 x 800
Ask 0.00 x 1400
Day's Range 80.33 - 81.80
52 Week Range 71.89 - 118.83
Volume 1,549,822
Avg. Volume 1,518,080
Market Cap 8.642B
Beta (3Y Monthly) 1.11
PE Ratio (TTM) 26.10
EPS (TTM) 3.12
Earnings Date Feb 20, 2019
Forward Dividend & Yield 1.34 (1.67%)
Ex-Dividend Date 2018-12-13
1y Target Est 109.25
Trade prices are not sourced from all markets
  • Can Albemarle (ALB) Maintain Earnings Beat Streak in Q4?
    Zacks 5 hours ago

    Can Albemarle (ALB) Maintain Earnings Beat Streak in Q4?

    Albemarle (ALB) will likely gain from higher expected volumes and pricing in its lithium business in Q4.

  • Could Albemarle Corporation Be a Millionaire Maker Stock?
    Motley Fool 2 days ago

    Could Albemarle Corporation Be a Millionaire Maker Stock?

    Lithium is driving the price of Albemarle lower, but it could still end up turning the stock into a millionaire maker

  • Charlotte's Women In Business: Tina Craft
    American City Business Journals 3 days ago

    Charlotte's Women In Business: Tina Craft

    Tina Craft, vice president of commercial operations at Albemarle Corp., is a 2019 honoree in the CBJ’s Women in Business awards program.

  • How Financially Strong Is Allgäuer Brauhaus AG (MUN:ALB)?
    Simply Wall St. 3 days ago

    How Financially Strong Is Allgäuer Brauhaus AG (MUN:ALB)?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! While small-cap stocks, such as Allgäuer BrauhausRead More...

  • Albemarle (ALB) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks 5 days ago

    Albemarle (ALB) Reports Next Week: Wall Street Expects Earnings Growth

    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) Stock Sinks As Market Gains: What You Should Know
    Zacks 7 days ago

    Albemarle (ALB) Stock Sinks As Market Gains: What You Should Know

    Albemarle (ALB) closed at $80.86 in the latest trading session, marking a -0.19% move from the prior day.

  • Intrinsic Calculation For Albemarle Corporation (NYSE:ALB) Shows Investors Are Overpaying
    Simply Wall St. 7 days ago

    Intrinsic Calculation For Albemarle Corporation (NYSE:ALB) Shows Investors Are Overpaying

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! I am going to run you throughRead More...

  • Albemarle: Citibank Downgraded It to ‘Neutral’
    Market Realist 12 days ago

    Albemarle: Citibank Downgraded It to ‘Neutral’

    Albemarle: Citibank Downgraded It to 'Neutral'Citibank downgraded Albemarle On February 5, Citibank downgraded Albemarle (ALB) from “buy” to “neutral” and reduced the target price to $81 from the previous target price of $90. Citibank stated

  • GlobeNewswire 12 days ago

    The Battery Race in the US and How Lithium Plays a Leading Role  

    On Monday, February 4th, investors were charged up as Maxwell Technologies, Inc. (Nasdaq:MXWL), a developer and manufacturer of energy solutions announced it has entered into an agreement to be acquired at $4.75 per share by electric car company, Tesla, Inc. (Nasdaq:TSLA). "We are very excited with today's announcement that Tesla has agreed to acquire Maxwell. Tesla is a well-respected and world-class innovator that shares a common goal of building a more sustainable future," said Dr. Franz Fink, President and Chief Executive Officer of Maxwell.

  • GlobeNewswire 17 days ago

    Advanced Technology for Rapid Extraction Will Be Key to Meeting Future Lithium Demand, a leading investor news resource covering AI and lithium stocks issues a snapshot looking at lithium companies preparing to meet future demands in the market and how technology innovation may play a lead role. Looking at how this all plays out, Albemarle Corporation (NYSE:ALB) and Chile state development agency Corfo recently reached a deal to resolve a contract dispute centered around an amendment to the contract that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount to companies seeking to produce battery metals within Chile. Albemarle operates in Chile's Salar de Atacama, a salt flat in the country´s northern desert that supplies nearly 40 percent of the world´s lithium.

  • Lithium Giant's Landmark Deal Is Big Step to Battery ‘Dream’
    Bloomberg 17 days ago

    Lithium Giant's Landmark Deal Is Big Step to Battery ‘Dream’

    Chile is hopeful that battery makers such as Samsung SDI and POSCO will start installing lithium processing plants in the country by the end of the year, according to Sebastian Sichel, executive vice president of government development agency Corfo. The agency recently reached a deal with top lithium miner Albemarle Corp. that will give battery makers access to cheaper lithium. “We want manufacturers to get closer and closer to producing a complete battery in Chile -- that’s our dream,” Sichel said in an interview in Santiago.

  • InvestorPlace 19 days ago

    3 Reasons NOT to Invest in Lithium Stocks

    Lithium stocks were a hot investment for years. Large amounts of the mineral were needed to fuel the expansion of lithium-ion batteries -- the very batteries used in smartphones, laptops and most electric vehicles (EVs). The lithium-ion battery remains the best technology currently available to the masses, but that may not be the case in the very near future. I'm not saying related stocks are going to tank, but as we look to the future, lithium-ion batteries are on the way out as new battery breakthroughs start to hit the market. I would like to tell you a little bit about that today… InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### Reason No. 1: Battery Life It's safe to bet that you -- and every other person reading this article -- have had your smartphone die at a not-so-opportune moment. Maybe in the middle of a phone call? Or possibly when you had only a few miles left to your destination? Battery life on our smartphones and other electronics has certainly improved over the last decade, but it's still not where we want it to be. And the future of technology will require even longer battery life as well as higher density. Advancements like having the ability to stream video anywhere eat up a lot of battery life, so the current lithium-ion technology will not be sufficient. * 10 Stocks to Sell in February Even more important will be battery density and life for EVs as they begin being mass produced. As you would guess, they require a ton of power. The range on today's EVs is not good enough for the masses, so the search for a new and better battery technology is in full swing. This could leave lithium stocks in the lurch. ### Reason No. 2: Cobalt Cobalt is one of the required minerals in the production of a lithium-ion battery. But there's a big problem with that. About two-thirds of cobalt is located in the Democratic Republic of Congo (DRC). The DRC is one of the most unstable countries on the planet, which makes the supply of the highly sought after mineral a major concern. In fact, cobalt is often referred to as the "blood diamond" of the battery industry. The human toll of mining cobalt is terrible. Conditions at mines are unacceptable and child labor is running rampant. Simply put, no matter what lithium stocks do, in a few years there will likely no longer be enough cobalt to keep up with the demand for lithium-ion batteries in EVs. ### Reason No. 3: New Technologies The biggest threat to lithium-ion batteries is new and improved technology. The race is on to meet the needs of the near future, and there are a number of technologies out there that could unseat the current battery leader. After a lot of research, it is clear to me that one technology in particular is well ahead of the pack. It's an innovation that will have multi-trillion-dollar economic implications. Think of a world with electric cars that have massive ranges. Think of an iPhone that needs charging just once per month. Think of airplanes that run on batteries. Think of the eventual demise of the oil and gas industry. Over the past year, I've spent an enormous amount of time studying the battery industry. I can tell you this mega innovation isn't a matter of "if," it's a matter of "when." I believe the next big battery breakthrough will go down as one of the greatest inventions of the 21st century. Of course, there are huge investment implications here. Those on the right side of this innovation stand to build incredible wealth … just like people did from the creation of the internet and the smartphone. I am so excited about this new technology and the future of batteries that I put together an entire research report on this topic. Click here to find out more. Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy for the Rest of the Year * 10 Best Consumer Stocks to Buy in 2019 * 10 Triple-A Stocks to Buy in February Compare Brokers The post 3 Reasons NOT to Invest in Lithium Stocks appeared first on InvestorPlace.

  • PR Newswire 21 days ago

    Albemarle Corporation to Attend 2019 Bank of America Merrill Lynch Global Agriculture and Materials Conference

    CHARLOTTE, N.C. , Jan. 28, 2019 /PRNewswire/ --  Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Luke Kissam , Albemarle CEO, will speak at ...

  • Nevada Sunrise Announces Reversal of Nevada Water Rights Forfeiture and Notice of Administrative Hearing
    CNW Group 21 days ago

    Nevada Sunrise Announces Reversal of Nevada Water Rights Forfeiture and Notice of Administrative Hearing

    VANCOUVER , Jan. 28, 2019 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (NEV.V) is pleased to announce that the Fifth Judicial District Court of Nevada (the "Court") has issued an order vacating a ruling of forfeiture against the Company's water right made in 2016 by the State Engineer's office of the Nevada Division of Water Resources ("NDWR"). The matter has been remanded back to the State Engineer for a full administrative hearing on the question of forfeiture that is scheduled for April 1, 2019 (the "Hearing"). At the Hearing, Nevada Sunrise intends to present historical evidence of beneficial use of its water right Permit 44411 (the "Permit") located in the Clayton Valley basin, and present arguments that the State Engineer did not provide the required notice prior to declaring the Permit forfeited.

  • Are Albemarle Corporation’s Returns On Capital Worth Investigating?
    Simply Wall St. 24 days ago

    Are Albemarle Corporation’s Returns On Capital Worth Investigating?

    Today we are going to look at Albemarle Corporation (NYSE:ALB) to see whether it might be an attractive investment prospect. In particular, we'll consider its Return On Capital Employed (ROCE), Read More...

  • Reuters 25 days ago

    Chile strikes deal with lithium miner Albemarle in contract dispute

    Chile state development agency Corfo said on Thursday it had reached a deal with the world's top lithium miner, Albemarle Corp, to resolve a contract dispute and would not file a previously threatened arbitration lawsuit against the U.S-based producer. The spat centered around an amendment to the contract that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount to companies seeking to produce battery metals within Chile. Corfo and Albemarle had disagreed on how much to discount the lithium, prompting the threat of arbitration.

  • PR Newswire 25 days ago

    Albemarle and Corfo announce resolution in Chile

    CHARLOTTE, N.C., Jan. 24, 2019 /PRNewswire/ -- Albemarle Corporation (ALB), a leader in the global specialty chemicals industry, announced today that the company has reached an agreement with the Chilean Economic Development Agency (Corfo) on the process for establishing and validating the preferential price and terms to be offered to specialized manufacturers meeting the criteria set forth in the Amendment. As a result, Corfo will not file the previously disclosed arbitration claim. In December 2016, Albemarle and Corfo entered into an Amendment to the Basic Agreement to increase the company's authorized lithium quota to 2 million metric tons (MT) on an LCE basis.

  • 7 Stocks to Buy That Lost 20% Over Past 90 Days
    InvestorPlace 26 days ago

    7 Stocks to Buy That Lost 20% Over Past 90 Days

    By now, investors have had plenty of time to evaluate the performance of their portfolios in 2018. Chances are good that most investors who have done this didn't enjoy the trip down memory lane. That's because 2018 was a tough year to pick stocks to buy. In fact, it was the worst year for stocks in the past decade and the worst December since 1931. And boy was the final month of the year volatile with stocks up or down by more than 1% on nine occasions. Throughout 2018, stocks were up or down by 1% on 64 occasions, eight times more often than in 2017. Investors forgot that stocks don't go up in a straight line; that volatility was more than just something that happened to gas prices. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Once upon a time, volatility was considered a good thing when it came to the markets because it shook out all the weak hands giving investors a more accurate picture of what a stock was worth and where it was headed. It's time for investors to come to grips with the fact volatility in the markets has returned, most likely permanently. And it's far better to figure out a strategy that works in this kind of environment than for investors to bury their heads in the sand. One way to do so is to find stocks to buy that have lost a significant amount over the past 30 days. With volatility back in the game, many of these stocks could just as easily bounce back by as much or more in the months ahead. * 10 Consumer Stocks to Buy for Income Here are seven stocks that have declined by 20% or more over the past 30 days that I believe could bounce back over the next 30-60 days. ### Albemarle (ALB) Source: fdecomite via Flickr (Modified) 3-Month Performance: -20% Relative to S&P 500: -17% As recently as early November, CNBC's Mad Money host Jim Cramer liked Albemarle (NYSE:ALB) -- the specialty chemicals company that provides lithium, bromine and refining catalysts to companies who use them in the manufacturing processes of their end-use products. "It had good numbers. It's straight up. I still like it here. The numbers were terrific, " Cramer stated Nov. 7 on Mad Money. "Some people didn't like the sales numbers; give me a break." Since then, ALB stock has lost 30% of its value. Albermarle reports fourth-quarter results Feb. 20 after the markets close. In the third quarter, as Cramer alluded to, Albermarle grew its revenue by 3% year-over-year to $129.7 million with earnings-per-share of $1.20, 13% higher than a year earlier. The 3% sales growth might not have been enough for investors, but looking on the bright side, it was the company's 11th consecutive quarter increasing revenue. As Cramer stated, there's nothing wrong with those numbers. For the entire year, Albermarle expects revenue growth and adjusted EPS growth of at least 7% and 15%, respectively, for all of 2018 when it reports the fourth-quarter results in a month. I expect the stock to react positively to the news. ### Apple (AAPL) Source: Shutterstock 3-Month Performance: -27% Relative to S&P 500: -24% First, it was iPhone sales in China that got Apple (NASDAQ:AAPL) followers nervous about the company's future and now it appears the latest worry to add to the wall of worry is its services revenues. "While the services segment grew 18 percent in the December quarter, we've now started to get investor questions worrying about whether the App Store will be the next shoe to drop," AB Bernstein's Toni Sacconaghi wrote in a note Jan. 18. "Certainly, the headlines in the last few months haven't been encouraging. Netflix, Spotify, and Fortnite have all stopped / threatened to stop paying the so-called 'Apple Tax' of 15 to 30 percent on App Store revenues." Throw that on the pile of concerns investors have about AAPL stock at the moment. One thing I know for sure: Just as Warren Buffett bought a bunch of Apple stock in the third quarter of 2018, he likely bought more in the fourth quarter as Apple was falling, and I bet you he'll be buying more in the first quarter if it continues to drop in value. * The 10 Best Index Funds to Buy and Hold Apple's business isn't broken. Its stock is. The latter's a much better problem to have than the former. ### Constellation Brands (STZ) Source: Jirka Matousek via Flickr (Modified) 3-Month Performance: -27% Relative to S&P 500: -24% Volatility was a big deal in 2018 and nowhere was that truer than in the cannabis industry. Constellation Brands (NYSE:STZ) owns a big piece of Canopy Growth (NYSE:CGC), one of Canada's biggest cannabis companies. Earlier in January, the company cut its guidance for the full year due in part to its $4 billion investment in Canopy Growth along with weakness in its wine and spirits business. Given companies now have to account for changes in the unrealized value of equity investments every quarter, profits can vary. In the case of Constellation, it had a $164 million decrease in the fair value of its Canopy Growth investment, and that goes right against the bottom line. It's possible the same thing will happen when it reports its fourth-quarter results. Also, because of the debt taken to invest so heavily in Canopy Growth, Constellation will incur an additional $55 million in interest in fiscal 2019, an impact of 25 cents a share. Not to worry. Long term, Constellation's $4 billion investment in Canopy could turn out to be peanuts if its expectations for the cannabis industry come to pass. "[Marijuana] represents one of the most significant global growth opportunities of the next decade and frankly, our lifetimes," CEO Bill Newlands said in its Q3 2018 conference call. "It's an opportunity that is opening up much more rapidly than originally anticipated." I couldn't agree more. ### Globus Medical (GMED) Source: Shutterstock 3-Month Performance: -21% Relative to S&P 500: -18% If you suffer from spinal-related issues, you've likely heard of Globus Medical (NYSE:GMED), a Pennsylvania-based orthopedic company that manufactures a comprehensive portfolio of innovative products to help surgeons and doctors provide patients with the appropriate treatment options. Since its founding in 2003, it has launched more than 190 products that it sells through its own sales force as well as through distributors and third-party sales reps. When the company announced Q3 2018 results in November, which saw weaker revenues than expected, investors punished its stock. However, it looks as though that might have been an overreaction. In early January, Needham analyst Michael Matson had some very positive things to say to his clients. "After the close on 1/8/19, GMED preannounced 4Q18 revenue that was above consensus. GMED also provided initial 2019 revenue guidance that was above consensus and non-GAAP EPS guidance that was a penny below consensus," Matson wrote. "We believe the 2019 revenue guidance could prove conservative given continued growth in robot unit sales, increasing robotics implant pull-through, and the trauma implant launch and we reiterate our Buy rating." Now, to be sure, one analyst does not make an omelet. However, of the ten analysts that cover GMED stock, only one has an underperform or sell rating at the moment. * 7 Stupidly Cheap Stocks to Buy Now Buy on weakness. ### Stocks to Buy: Nvidia (NVDA) Source: Shutterstock 3-Month Performance: -34% Relative to S&P 500: -31% While 2018 is a year most Nvidia (NASDAQ:NVDA) shareholders would like to put behind them -- it lost 39% of its value as many of the big semiconductor stocks got hit -- there's a lot to look forward to in 2019. Year-to-date, NVDA stock is up 18% through Jan. 18, in part because of the new GoForce RTX 2060 gaming GPU that uses Turing architecture and is priced at $349, allowing gamers using laptops relatively inexpensive access to the new technology. Will a cheaper version of its RTX GPUs be enough to offset the reduced demand of its products from cryptocurrency miners? Probably not, but good news definitely can't hurt. I've been a fan of NVDA stock for some time; 2018 was a tough year for those recommending its shares. On a positive note, well-known finance professor Aswath Damodaran bought Nvidia shares in December at $145. While it dropped below his purchase price, he's confident it's an excellent long-term play. "I'm still waiting to get back to $145. I might never get there, but I like the company," Damoradan said Jan. 9 on CNBC. "I mean, I think that there is a real chance growth can drop off next year, but I think long term I would still buy the growth in that stock at the prices that you get them for today." Nvidia is a growth stock dressed up in a value stock's clothing. ### Grand Canyon Education (LOPE) Source: Shutterstock 3-Month Performance: -22% Relative to S&P 500: -19% A lot of people don't like Jim Cramer's schtick. I'm not one of his detractors. As I've said before on InvestorPlace, we all get things wrong sometimes when recommending stocks. He talks about so many different companies, so it's easy to understand why he gets some calls wrong. However, in October, Cramer got Grand Canyon Education (NASDAQ:LOPE) 100% right. "The for-profit education industry tends to thrive under Republican presidents, as Democrats tend to view the whole business as something that's predatory," Cramer said Oct. 1. "I think you can put on a small speculative position in Grand Canyon here, but wait until after the election to buy more because the stock might sell off if the Democrats take Congress." Well, Americans headed to the polls Nov. 6, and the Democrats indeed took back the House, if not the entire Congress. Since then, LOPE stock is down 26%. * 3 Blue-Chip Stocks That Will Power Through Market Turmoil It has been a long time since I've recommended an education stock, but given its annual revenue and cash flows are both at record levels, and it's trading for 25% less than it did three months ago, I'd say it's a good bet for 2019. ### Stocks to Buy: SVB Financial (SIVB) Source: Shutterstock 3-Month Performance: -20.0% Relative to S&P 500: -17% 2018 was one of those rare years where SVB Financial (NASDAQ:SIVB) stock didn't do right by shareholders with a loss 19% on the year. This was its first year in negative territory since 2011. "Don't worry", I thought to myself as the year came to a close. SIVB would rebound in 2019. Indeed it has, up 22% YTD through Jan. 21. Here's what I said about SVB Financial on the last day of 2018: "Since SVB, America's most innovative bank, has lost 39% of its value over the past three months and trades within 8% of its 52-week low, I'll vote for it as the best bank stock to own in 2019." With a healthy net interest margin expected for fiscal 2018 of at least 3.55%, 94 basis points higher than Bank of America (NYSE:BAC), and possessing an east coast presence in the healthcare industry through its $340 million acquisition of Boston-based Leerink Holdings LLC, I see 2019 as a year where it delivers on its long-term, 10-year annualized total return of 26%. Happy Banking. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Consumer Stocks to Buy for Income * 7 Dark Horse Stocks You Really Need to Look at for 2019 * 7 Retail Stocks to Buy for the Rise of Menswear Compare Brokers The post 7 Stocks to Buy That Lost 20% Over Past 90 Days appeared first on InvestorPlace.

  • Why PPG’s Industrial Coatings’ Q4 Revenue Fell
    Market Realist 26 days ago

    Why PPG’s Industrial Coatings’ Q4 Revenue Fell

    PPG Industries' Q4 Earnings Beat the Street—Stock Rises(Continued from Prior Part)Industrial Coatings in the fourth quarter PPG Industries’ (PPG) Industrial Coatings segment is the company’s second reporting segment. It represented 41.3% of

  • MoneyShow 26 days ago

    Top Picks 2019- Albemarle Corp. ALB

    Albemarle Corp. (ALB) develops and markets engineered specialty chemicals worldwide. The company focuses on the production of lithium compounds for use in lithium batteries, notes analyst Bill Selesky with Argus Research, a leading independent Wall Street Research firm.

  • 3 Things for Albemarle Investors to Watch in 2019
    Motley Fool 27 days ago

    3 Things for Albemarle Investors to Watch in 2019

    The world's premier lithium producer is struggling to convince Wall Street of its growth potential, but investors can watch for these signs of progress.

  • Markit 27 days ago

    See what the IHS Markit Score report has to say about Albemarle Corp.

    # Albemarle Corp ### NYSE:ALB View full report here! ## Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and declining * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Neutral Short interest is moderately high for ALB with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on January 15. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding ALB totaled $305 million. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Where Will Albemarle Be in 5 Years?
    Motley Fool last month

    Where Will Albemarle Be in 5 Years?

    Albemarle is diversified fairly evenly today between its bromine, catalysts, and lithium businesses, but its expansion plans are focused on only one of them.

  • 10 Lithium Stocks to Buy Despite the Market’s Irrationality
    InvestorPlace last month

    10 Lithium Stocks to Buy Despite the Market’s Irrationality

    Editor's note: This story was previously published in August 2018 and has since been updated and republished. No matter how innovative or utilitarian a new platform may be, all modern technologies require a catalyst to operate. For most devices, this requirement translates into a lithium-based power source. Nowadays, almost everything we use runs on the silver-white metal. Logically, the idea of buying lithium stocks is a frequently made suggestion. However, the markets sometimes deploy their own logic, which seemingly runs counter to the fundamentals. For instance, industry demand for lithium remains robust, and is likely to increase as electronics manufacturers pump out smart devices. Yet the benchmark exchange-traded fund Global X Lithium ETF (NYSEARCA:LIT) is down more than 26% over the past year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why the disconnect between lithium stocks and underlying industry demand? Mostly, experts in the field forecasted an overabundance of supply due to mining companies ramping-up production. Additionally, Morgan Stanley analysts predicted a massive drop in the commodity's price over the next few years that could outpace even tremendous demand from electric vehicle companies. The bearish prognostications occurred in the first two months of this year. Unfortunately, lithium and lithium-based battery stocks have largely failed to recover from the sentiment fallout. Granted, the extreme negativity makes this sector incredibly risky. But I also want to remind readers that forecasts are ultimately opinions. They may be well-crafted or well-analyzed opinions, but they're still non-factual expectations of future events. I choose to rely more heavily on actual data. The abundance of evidence demonstrates that lithium demand is increasing in virtually every corner of the broad, technological spectrum. Perhaps mining production could outpace demand. But for now, lithium continues to be among the most highly requested industrial commodities. * 10 High-Growth Stocks for the Return of the Bull Here are my ten picks for lithium stocks to take advantage of the market's irrationality. Source: Shutterstock ### Albemarle (ALB) Several of the lithium stocks that analysts commonly discuss are admittedly speculative affairs. As a result, the downturn in the lithium market has severely and disproportionately impacted the industry's direct competitors. But for a solid, renowned organization like Albemarle (NYSE:ALB), the selloff presents a viable contrarian opportunity. I'm not going to beat around the bush: ALB stock has taken a massive beating, even compared to the lithium industry's bloodbath. Over the past year, shares have lost nearly 40% in the markets. Investors are also getting jittery ahead of the company's second-quarter earnings release. That said, I'm encouraged with some positives in the company's financials. After absorbing a disappointing dip in revenues in 2016, Albemarle bounced back the following year. This year, sales are on pace to exceed 2017 results. In Q1, the chemical specialist boosted revenues to $822 million, a 14% year-over-year lift. As industry demand is only going to get stronger, Albemarle's present weakness is a great entry point. Source: Shutterstock ### Sociedad Quimica y Minera (SQM) For its sheer dominance in the sector, no discussion about lithium stocks is complete without mentioning Sociedad Quimica y Minera (NYSE:SQM). SQM is based in Chile, which according to CNBC enjoys the world's largest lithium reserves. In fact, CNBC was quite emphatic about this point, noting that no other nation comes close to Chile's 7.5 million metric tons of the hotly demanded metal. Unfortunately, as with many other lithium stocks, SQM suffers from a divergence between fundamental bullishness and technical trading. Over the past year, shares are down 27%. At the same time, the worst of the bearishness appears to have subsided. Since the beginning of 2019, SQM is up 12%. This compares very favorably to this past June, when shares lost 7%. One risk factor to watch out for is sales growth. In its last earnings report in Q1, the mining company delivered $519 million, which was dead-even against the year-ago quarter. Obviously, Wall Street will want to see significant improvement in later quarters. * 7 Retail Stocks to Buy for the Rise of Menswear That said, SQM's position as a lithium production leader should bode well for the future, if you're willing to be patient. Source: Tesla ### Tesla (TSLA) If you've followed market news over the past few months, you're well aware that sentiment toward Tesla (NASDAQ:TSLA) was poor. Primarily, questions about the company's cash burn, and its history of making big promises but failing to deliver took a heavy toll on the investment community. Plus, CEO Elon Musk's strange and rude behavior didn't do any favors for TSLA stock. Well, I must hand it to Musk. He did himself, his reputation and his company many favors by owning up to his mistakes. During the recent Q2 conference call, Musk apologized to the analysts that he dismissed in the prior quarter's call. Moreover, he was very upbeat in presenting his guidance for Tesla. Although the Q2 earnings miss was wider than analysts anticipated, Musk reaffirmed his company's commitment to profitable quarters for the second half of the year. Plus, a major announcement was that "in July it was able to repeatedly hit its target of producing 5,000 Model 3 vehicles per week." That's huge as the cash-burn problem previously centered around Model 3 production misses. Of course, I don't want to speak too early, but for me, Tesla is finally back on track. Source: Shutterstock ### Panasonic (PCRFY) Speaking strictly from a product fanbase perspective, few companies generate as much buzz as the aforementioned Tesla. I've repeatedly called Elon Musk eccentric, but that same eccentricity inspires him to create aesthetically and technologically stunning cars. However, many folks might not appreciate just how important of a role Panasonic (OTCMKTS:PCRFY) plays in Tesla's success. When most people hear the name Panasonic, they immediately think about consumer-electronic devices. While that's very much part of their business and legacy, the company is also shifting heavily toward lithium-based technologies. Panasonic and Tesla developed a strong, if somewhat underappreciated partnership. Notably, Panasonic manufactures Tesla vehicles' lithium-ion batteries at Tesla's vaunted Gigafactory. More importantly, all signs point to the two companies continuing their relationship into other business ventures. Call it a corporate "bromance" that looks to be a viable opportunity for long-term gains. This idea gets more credibility considering that PCRFY has suffered the same fate as other lithium and battery stocks. PCRFY is down roughly 36% since the year-ago period. * Take Buffett's Advice: 5 Vanguard Funds to Buy But considering the return of bullish sentiment for Tesla, I believe Panasonic will latch on for the ride up. Source: Shutterstock ### FMC (FMC) As one of the leading lithium and battery stocks in the markets, FMC (NYSE:FMC) is a must-watch name if you're interested in this sector. But admittedly, the past year hasn't panned out too well for the company -- FMC shares were down 12% year-over-year. But the overall poor sentiment in 2018 could change very quickly in 2019. In August, FMC reported a near-doubling of profitability from the year-ago level. For Q2, the company delivered net income of $129.7 million, or 96-cents-per-share. This compared very favorably to Q2 2017, when FMC posted $74.7 million, or 56-cents-per-share. Management stated that the primary catalyst for the profitability boost was its 2017 buyout of DowDuPont's (NYSE:DWDP) agricultural assets. But also noteworthy were lithium sales, which have witnessed a resurgence. This is great news for FMC's upcoming spin-off of its lithium business, slated for October of this year. If you're seeking a direct lithium play, keep a close eye on FMC as the initial public offering draws closer. Source: Shutterstock ### Power Metals (PWRMF) Contrary to what some may believe, not all lithium-mining processes are the same. Currently, the two most popular methods are lithium brines and lithium-cesium tantalum pegmatites, or more commonly referred to as "hard rock." Lithium brines represent the most popular method, but the drawback is that the process is vulnerable to weather-related issues. Given that industry demand for the metal is constantly rising, unfavorable weather could severely impact production. To get around this issue, lithium miners are exploring hard rock, which is essentially weather-independent. One mining company that's putting the hard-rock concept to the test is Power Metals (OTCMKTS:PWRMF). With several projects spread around resource-rich Canada, Power Metals aims to be a significant provider of lithium. Plus, the company's geographically-stable region is a big positive for PWRMF stock. * 7 Companies Apple Should Consider Buying That's the good news. The not-so-great news is that PWRMF is a genuine, over-the-counter penny stock. Shares are down 80% over the past year, which tells you all you need to know. Still, if you're looking for a potentially explosive contrarian play among lithium and battery stocks, Power Metals is it. Just bet carefully and responsibly. Source: Shutterstock ### Lithium Americas (LAC) Lithium Americas (NYSE:LAC) is a direct but completely speculative gamble on the underlying sector's growth potential. While LAC earned itself a healthy does of street cred with its joint venture with Sociedad Quimica y Minera, the company has no production assets. That's not necessarily a deal-breaker as it has legitimate plans to attain those assets. Still, you're taking a risk that management will follow through. And while the markets have not been kind to lithium stocks, LAC has taken the brunt of the damage. Year-over-year, shares have tanked 55%. Clearly, this is not an investment for the faint of heart! Having said that, I believe that analysts' consensus bearishness toward the lithium industry is overplayed. Yes, commodity prices fluctuate year-to-year for various reasons. However, demand for lithium is broadly trending higher. It's not just electric vehicles and other physically imposing technologies that require lithium. Consider that the burgeoning e-cigarette or vaporizer market requires a healthy lithium supply chain to keep running. So long as the drive for innovation exists, so too will lithium demand. This adds some measure of confidence to the otherwise speculative LAC stock. Source: Shutterstock ### Galaxy Resources (GALXF) Most direct plays in the lithium sector invariably involve mining stocks. Even in the best circumstances, commodity miners aren't known for their stability and reliability. That said, one of the better ways to help mitigate this risk is to seek companies with diversified portfolios. Galaxy Resources (OTCMKTS:GALXF) is one such example. Galaxy's primary claim to fame is its Sal de Vida project, located in northwest Argentina. Situated in what industry experts term the "lithium triangle", the area produces more than 60% of global annual lithium supply. Beyond that, GALXF has projects in its native Australia, as well as Canada. Both regions are geopolitically stable, eliminating a major headache for investors. Regarding risk factors, you should note that GALXF is essentially a penny stock with a share price just over $2. Furthermore, its performance reflects the volatility associated with cheap equities, as GALXF has lost nearly 50% in the markets over the past year. * 7 Dark Horse Stocks You Really Need to Look at for 2019 If you're willing to take the chance, bearishness in GALXF has slowed significantly. As a high-risk, high-reward gamble on the lithium industry, Galaxy Resources is an intriguing idea. Source: Shutterstock ### Toshiba (TOSBF) Similar to Panasonic, Toshiba (OTCMKTS:TOSBF) is primarily known for its electronic devices, particularly its laptop computers. While their primary businesses are unlikely to change, Toshiba is shifting resources heavily toward lithium technologies. They have already achieved substantial success with high-power, quick-recharging batteries, with more innovations in the pipeline. And while TOSBF is a legitimate play on lithium-based battery stocks, its multi-varied product portfolio affords it volatility protection. Shares are up roughly 5% YTD, which is a rarity in this sector right now. The other advantage for Toshiba is that the company has suffered from prior missteps. Having got the ugliness out of the way, the company is on a recovery path. This is the opposite of many lithium and battery stocks, which have been on a downward slide in 2018. As such, TOSBF offers meaningful exposure to lithium while effectively acting as a hedge. Source: Shutterstock ### Fujitsu (FJTSY) Japanese tech firm Fujitsu (OTCMKTS:FJTSY) is one of the most respected names in computers and consumer electronics. However, some of their best innovations recently have focused on lithium batteries. For instance, last year, Fujitsu developed a high-voltage lithium battery that doesn't require cobalt materials, which have certain structural disadvantages. Going along with the trends witnessed in other lithium and battery stocks, FJTSY is currently enduring a poor year. Shares are basically flat YTD. That said, FJTSY appears to have hit a bottom in early spring. Since March 23, the tech firm gained 18.5% in the markets. * The Bogle Way: 7 Index Funds for Passive Investors One of the biggest risk factors for Fujitsu is that it's a Japanese company; like its peers, you must have some faith in Japan's economic recovery plan. However, some tangible positives exist, including steadily rising revenues and a fairly solid balance sheet. As of this writing, Josh Enomoto is long TOSBF. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post 10 Lithium Stocks to Buy Despite the Market's Irrationality appeared first on InvestorPlace.