The post-Fed stock market selloff on Wednesday helped cool off an overheated market. A larger downturn will come eventually to recalibrate overheated stocks. Thankfully, the bulls need not worry because the outlook for 2025 and 2026 earnings growth remains massive, and slower rate cuts indicate a sturdy economy.Investors must strike whenever the next big stock market sale occurs.In the meantime, we look at two S&P 500 stocks—DexCom and Albemarle—that are already on sale for investors to buy in 2025.  DXCM i ...

In the latest market close, Albemarle (ALB) reached $88.92, with a -1.79% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.09%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.1%.The specialty chemicals company's stock has dropped by 17.35% in the past month, falling short of the Basic Materials sector's loss of 7.73% and the S&P 500's loss of 0.29%.Market participants will be closely following the financial results of Albemarle in its upcom ...

Investment Rating - The report maintains an "Overweight" rating for Albemarle, suggesting investors pay attention to the stock [3][7]. Core Views - Albemarle remains a leader in global lithium salts and bromine specialty chemicals, facing pressure on its 2024 performance due to high-priced inventory, falling lithium prices, restructuring, and asset write-off expenses. However, with the digestion of high-priced inventory and a significant reduction in capital expenditures in 2025, the company's performance is expected to improve [3][4]. - The company has strong lithium resource advantages, including projects in the Atacama salt flat and other high-quality lithium resource mining rights, which are expected to drive growth in lithium salt sales [3][4]. - The issuance of preferred shares raised approximately $2.2 billion, which will enhance cash flow and support future operations [3][4]. Financial Summary - For the fiscal year 2023, the company reported revenues of $9.617 billion, with a projected decline of 42.8% to $5.499 billion in 2024, followed by a slight recovery in 2025 and 2026 [5][8]. - Adjusted EBITDA is expected to drop significantly from $2.766 billion in 2023 to $1.106 billion in 2024, before recovering to $1.696 billion by 2026 [5][8]. - The adjusted net profit attributable to Albemarle's common shareholders is forecasted to be -$0.11 billion in 2024, with a return to profitability in 2025 and 2026 [5][8]. Market Position - Albemarle's lithium salt sales for 2022 and 2023 were 119,000 and 160,000 tons LCE, respectively, with a guidance of 20-25% growth in 2024 [3][4]. - The company has integrated lithium extraction capabilities in Chile and the U.S., with plans to ramp up production in various locations, which will support future sales growth [3][4].

Lithium supplier Albemarle (ALB 0.49%) recently received a buy rating and a $124 price target from an Argus analyst. The price target implies a 25% upside to the current price.The value case for Albemarle stockThe price of lithium (a metal whose demand is largely driven by its use in electric vehicle batteries) leads Albemarle's revenue and earnings, which is why its earnings tend to be volatile and oscillate wildly from one period to the next. Lithium stocks tend to rise or fall based on the price of the c ...

CHARLOTTE, N.C., Dec. 2, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that Eric Norris, chief commercial officer, will participate in a fireside chat at the Deutsche Bank Lithium & Battery Supply Chain Conference on Wednesday, Dec. 4.The fireside chat is scheduled from approximately 8 to 8:20 a.m. EST. The webcast will be accessible at the time of the event through the News and Events p ...

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Albemarle Corporation (ALB) logged a loss of $9.45 per share in the third quarter of 2024. In the year-ago quarter, the company had reported earnings of $2.57 per share. Barring one-time items, adjusted loss for the reported quarter came in at $1.55 per share. It was wider than the Zacks Consensus Estimate of a loss of 31 cents. The bottom line was hurt by pre-tax charges of $861 million related to restructuring charges and asset write-offs.Find the latest EPS estimates and surprises on Zacks Earnings Calen ...

Financial Data and Key Metrics Changes - Albemarle reported net sales of $1.4 billion for Q3 2024, a decline of 41% compared to $2.3 billion in the prior year quarter, primarily due to lower lithium pricing [9] - The company recorded a loss attributable to Albemarle of $1.1 billion, with a diluted loss per share of $9.45, and an adjusted diluted loss per share of $1.55 [9] - Adjusted EBITDA for Q3 was $211 million, lower than the prior year period, mainly due to reduced lithium pricing, although partially offset by lower cost of goods sold [10] Business Line Data and Key Metrics Changes - Year-over-year profitability improved in the Specialties segment due to productivity improvements and better end market demand [10] - Ketjen EBITDA also showed improvement year-over-year as the company executed its turnaround plan [10] Market Data and Key Metrics Changes - The demand for grid storage increased by 36% year-to-date, driven by installations in the US and China, while global electric vehicle registrations rose by 23% year-to-date, led by China [16] - China accounted for 60% of the overall EV market, with demand growth exceeding 30% year-to-date, while European EV sales growth declined slightly due to reduced subsidies and weaker economic conditions [17] Company Strategy and Development Direction - Albemarle is implementing a new operating structure aimed at delivering significant cost savings and maintaining long-term competitiveness, targeting $300 million to $400 million in cost improvements [6][19] - The company plans to reduce capital expenditures for 2025 by at least $800 million, approximately 50% lower than 2024, focusing on critical health, safety, and environmental projects [7][21] - The strategic framework remains unchanged, emphasizing the transformation of essential resources into critical ingredients, with a focus on long-term growth potential in the lithium market [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the actions taken to adapt to market conditions while pursuing long-term value creation [7] - The company expects full-year 2024 net sales to be near the lower end of the $12 to $15 per kilogram scenario, primarily due to weaker second-half pricing for lithium [12] - Management highlighted the importance of maintaining financial flexibility and proactive measures taken regarding covenant waivers [13][14] Other Important Information - Albemarle ended Q3 with available liquidity of $3.4 billion, including $1.7 billion in cash and cash equivalents [13] - The company has proactively extended its covenant waiver through Q3 2026 to ensure financial flexibility [14] Q&A Session Summary Question: Can you keep your EBITDA at least flat if prices don't change? - Management indicated it is premature to provide a 2025 outlook but acknowledged that fixed costs are expected to decrease, which could help maintain EBITDA levels [28][29] Question: How is the CapEx cut affecting volumes next year? - Management clarified that the CapEx cuts would not impact the volume forecast for next year, maintaining a 20% growth outlook through 2027 [30][31] Question: What are the assumptions for Talison equity income in Q4? - Management suggested that equity income for the next quarter should be similar to Q3 levels, with ongoing discussions about the Talison budget [33][34] Question: What is the outlook for cash conversion in the next several quarters? - Management emphasized a strong focus on cash generation and conversion, with expectations for lower cash conversion in Q4 due to reduced dividends from the Talison joint venture [38][40] Question: What is Albemarle's strategy if lithium prices recover? - Management stated that the strategy remains unchanged, but execution will adapt to market conditions, with a cautious approach to ensure price stability before shifting plans [50]