Albemarle (ALB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this specialty chemicals company have returned -18.1%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Chemical - Diversified industry, which Albemarle falls in, has lost 6.4%. The key question now is: What could be the stock's future ...

The industrial sector is a vital component of the United States economy, and one that often goes relatively unnoticed. The sector comprises businesses engaged in construction, manufacturing, mining  and other blue collar industries. Stocks in the sector tend to be dependable and steady overall and attend to also pay dividends.They are logical choices but many times lack attention due to their slow growth relative to the technology sector, for example. As the economy strengthens in early 2024 industrial stoc ...

Lithium stocks have taken a beating due to oversupply concerns and a slowdown in electric vehicle (EV) sales. But don’t give up on them yet. If the Federal Reserve cuts interest rates as expected, we could see a resurgence of EV sales and a massive comeback for some of the most trod-upon lithium stocks.In addition, I noted the following 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 deman ...

Albemarle (NYSE:ALB) layoffs are reportedly coming for the largest lithium producer in the world as it deals with falling prices for the metals used in electric vehicles (EVs).These layoffs have Albermarle cutting 300 employees, which represents roughly 4% of its total workforce. The headcount reductions affect its legal, mergers and acquisitions, marketing, materials sciences, research and development, as well as its recycling departments.It’s still unclear when these Albemarle layoffs will take place. How ...

TD Cowen slashed lithium stock Albemarle Corp's (NYSE:ALB) rating to "market perform" from "outperform" this morning. The firm also cut its price target all the way to $130 from $220, citing weak pricing. Separately, Albemarle announced it was laying off 4% of its workforce. ALB was last seen up 1.2% to trade at $121.26, but earlier slipped to $117.38. Familiar support at the $112 level, home to its recent Nov. 13 three-year lows, swooped in to catch the stock's latest pullback. Still, the equity remains do ...

The plunge in lithium prices is a golden opportunity to consider the best lithium stocks to buy and hold. In my view, lithium is poised to surge higher in the coming years and this will translate into multibagger returns from lithium stocks. The best time to buy is when sentiments are depressed than in times of euphoria.It’s worth noting that the global demand for lithium batteries is likely to surge five-folds by 2030. This forms a basis for a bullish outlook for lithium. Governments globally are backing t ...

Electric vehicle sales have been increasing at a robust pace in the last few years. In 2022, global EV sales exceeded 10 million. Further, EV sales for last year are likely at 14 million and would account for 18% of total car sales. As healthy growth sustains, I am bullish on some of the best EV stocks.I would further add that these numbers are dwarfed in comparison to the estimates for 2030. It’s expected that global EV car stock will expand to 350 million vehicles by the end of the decade. Also, EVs would ...

The lithium sector is experiencing rapid growth, primarily fueled by the increasing demand for lithium-ion batteries in electric vehicles (EVs) and various electronic devices. Lithium, a light and highly reactive metal, is crucial for manufacturing these batteries. The sector comprises companies involved in lithium mining, processing, and battery production. As the world shifts towards renewable energy and electric transportation, the lithium market’s importance is poised to grow.Investing in lithium stocks ...

In green technology, millionaire maker battery stocks have been a major interest to savvy investors. As the heartbeat of multiple applications, battery technology, especially in the burgeoning field of electric vehicles (EVs), is undergoing rapid changes. This evolution positions battery stocks as critical components in investor portfolios. Additionally, it offers substantial value for those with a vision for the long haul.Focusing on the global demand for EV batteries, we’re witnessing a likely multi-fold ...

2024 is shaping up to be a strong year for Wall Street. The economy continues to improve and it may very well be that we entirely avoid a recession. The Federal Reserve is projecting multiple rate cuts which is the most prominent factor serving as evidence for bullishness. Thus, the search for stocks that could double is a worthwhile endeavor.There is never a shortage of stocks available to investors that are predicted to double in price. Investors can easily find any number of penny stocks and multiple pre ...