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Dividend Danger Zone: 3 Aristocrats on the Brink of a Payout Cut
InvestorPlace· 2024-04-10 17:10
Dividend Aristocrats are stocks that are members of the S&P 500 index and have raised their dividend payouts yearly for 25 years or more. It’s an exclusive list of companies. Of the thousands of stocks on the market, only 68 were cut. That shows just how difficult it is. Yet, becoming a Dividend Aristocrat doesn’t mean a stock will always be one. Earlier this year, Walgreens Boots Alliance (NASDAQ:WBA) was forced to cut its dividend to conserve cash. Before that, VF Corp (NYSE:VFC) slashed its payout by 70% ...
Embattled Albemarle Stock Scores Price-Target Hike
Schaeffers Research· 2024-04-10 14:25
The security has yet to overcome several levels of resistanceAlbemarle Corporation (NYSE:ALB) stock was last seen up 0.6% to trade at $129.90, after the chemicals manufacturing company nabbed a price-target hike from Citigroup to $135 from $125.The brokerage bunch is divided on ALB, with 12 calling it a tepid "hold" or worse, while 11 say "buy" or better. Meanwhile, short sellers are piling on. Short interest rose 16.3% in the last two reporting periods, and the 14.31 million shares sold short now make up 1 ...
3 Lithium Stocks to Turn $100,000 Into $1 Million: April 2024
InvestorPlace· 2024-04-08 21:19
Lithium stocks are possibly among the most ignored stories from being the hottest commodities in the markets. That’s the nature of the markets, as reactions tend to be on the extremes. Of course, the plunge in lithium price had to be discounted, but most lithium stocks seem to be trading at a valuation gap.For investors who are bullish on the lithium story for the long term, this is possibly the best time to accumulate lithium stocks. Estimates indicate lithium supply will increase to 2.14 million metric to ...
Albemarle Corporation to Release First-Quarter 2024 Earnings Results on Wednesday, May 1, 2024
Prnewswire· 2024-04-05 12:41
CHARLOTTE, N.C., April 5, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first-quarter 2024 earnings after the NYSE closes on Wednesday, May 1, 2024. The company will hold a conference call to discuss its first-quarter 2024 results on Thursday, May 2, at 9:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found thr ...
Striking it Rich with Lithium: 3 Stocks to Fuel Your Fortune
InvestorPlace· 2024-04-04 19:24
The lithium market faces challenges as electric vehicle (EV) demands wane and investors depart from related companies. However, the global economy is no stranger to change. A key component of EV batteries, Lithium may experience a sudden wave of innovation as more countries adopt greener technologies. Admittedly, I don’t know when the lithium market will experience a resurgence of growth. What I do know is that, with low prices, now is a great time to add some lithium stocks to my portfolio.So, considering ...
7 Lithium Stocks Ready for a Major Comeback
InvestorPlace· 2024-03-22 21:11
Crisis will turn into an opportunity for lithium stocks. That’s because supply issues are only temporary. And remember, as I noted on Jan. 21, “With some lithium mines shutting down or reducing production we could see less supply. This could help stabilize prices and send lithium prices higher with demand.” Two, current lithium prices are not sustainable, as noted by Albemarle (NYSE:ALB). In fact, according to the company, prices will need to rise “in order to trigger the supply investments needed to meet l ...
Albemarle (ALB) Surpasses Market Returns: Some Facts Worth Knowing
Zacks Investment Research· 2024-03-21 22:51
Albemarle (ALB) closed the most recent trading day at $124.86, moving +0.33% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.2%.Prior to today's trading, shares of the specialty chemicals company had gained 4.98% over the past month. This has lagged the Basic Materials sector's gain of 6.63% and the S&P 500's gain of 5.11% in that time.Market particip ...
3 Stocks About to Join the Rate Cut Party
MarketBeat· 2024-03-21 11:13
Key PointsThe stock market is having one big party as it prices in potential interest rate cuts this year. Not all stocks have followed the hype, creating a 'catch-up' opportunity for investors like you.Three stocks stand out as analyst top picks with double and even triple-digit EPS growth at compressed prices.5 stocks we like better than DOWYou can think of the S&P 500 and the NASDAQ 100 indexes as the sun that gets the rest of the stock market booming or busting. As these have been making all-time highs ...
Hot Stocks: The 3 Best Opportunities for Investing in Batteries
InvestorPlace· 2024-03-20 10:45
Lithium is a key component of electric vehicle (EV) batteries, which have surged in demand in the past few years. This demand caused some of the best battery stocks to reach record highs in late 2022. However, lithium carbonate prices have fallen more than 64% over the past twelve months. An oversupply of rare earth minerals is one of the reasons prices reached new lows in 2023. The other reason is most likely related to the slowing demand for EVs.Still, battery stocks could make great long-term investments ...
7 Lithium Stocks Built for the Long Haul
InvestorPlace· 2024-03-19 10:00
Investors certainly can’t be blamed for avoiding lithium stocks right now. Prices for the battery metal continue to be low after a year in 2023 that saw the sector implode. Waning demand for EVs in China is a big factor in the decline. A weakening Chinese economy served to compound the issue. Yet, long-term demand continues to be strong and makes it prudent to invest in lithium stocks built for the long haul.In this case, it looks like bigger is going to be better. That means investors should consider putti ...