Falling lithium prices have motivated investors to avoid Albemarle stock -- but are they right to do so?While the S&P 500 has ripped more than 18% higher year to date, shares of lithium production leader Albemarle (ALB 0.04%), however, have failed to benefit from the generally bullish sentiment pervading the market. Since the start of 2024, Albemarle stock has plummeted about 37%.But smart investors know that a stock's sharp decline doesn't automatically mean that it's best for investors to avoid it. In fac ...

andresr The market pullback appears to be ending. YCharts The market is now less than 1% away from a record high. Good economic news (jobless claims) and Powell's dovish speech at Jackson Hole on Friday could be enough to end this pullback. Charlie Bilello Value investors eagerly waiting for a more substantial correction, like the 14% average intra-year peak declines since 1980, have been disappointed. Some of the world's best companies went on sale, but now they're returning to record highs, and bargai ...

Long-term lithium demand is very high, but the market is a mess right now.In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the lithium market and take a closer look at Albemarle (ALB 0.29%).*Stock prices used were from the afternoon of Aug. 14, 2024. The video was published on Aug 16, 2024. ...

Key TakeawaysAlbemarle was the biggest loser on the S&P 500 in intraday trading Monday as tumbling lithium prices continue to weigh on the company's business.The world's biggest lithium producer reported an almost 40% year-over-year revenue decline and a $188 million loss in its most recent quarterly results.CEO Kent Masters has called on Western governments to act to weaken China's grip on the lithium market. Albemarle (ALB) was the worst-performing stock in the S&P 500 in intraday trading Monday as the wo ...

Just_Super 2024 is not shaping up to be a good year for Albemarle Corporation (NYSE:ALB). Year to date, shares of the company are down an astonishing 42.2%. That is woefully poor compared to the broader market. This drawdown is not random - it is very much based on the company's short-term performance. Recently, lithium prices have tanked. Even though the company has seen a nice rise in volume associated with its products, that drop in price has resulted in significant pain for the company and its inves ...

Betting on the best battery stocks could yield superb gains thanks to rapid cost reductions and market adaptation.Between 2018 and 2022, China shored up on lithium to enhance its battery production capacity, leading to massive stockpiling. This overproduction led to a major supply-demand imbalance and a major price spike over the past couple of years.However, rapid cost reductions drive market growth, particularly in new applications such as static energy storage, beyond the dominant EV sphere. With major c ...

Lithium prices are down 40% in a year -- and Albemarle stock is down more than 50%.Albemarle Corporation (ALB -9.18%) stock tumbled 10.2% through 10:20 a.m. ET Friday, and it's not hard to figure out why. Over the last two days, not one, not two, but four separate analysts have lowered price targets on the lithium miner.That's the bad news. The good news is that every single one of these analysts still thinks Albemarle stock is underpriced, and most think the stock remains a buy.What Wall Street says about ...

Albemarle Corporation (NYSE:ALB) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Meredith Bandy - VP, IR and Sustainability Jerry Kent Masters, Jr. - Chairman, President, and CEO Neal R. Sheorey - EVP and CFO Netha N. Johnson, Jr. - President, Specialties Global Business Unit Eric W. Norris - President, Energy Storage Global Business Unit Conference Call Participants Unidentified Analyst - Stephen Byrne - Bank of America Patrick Cunningham - Citigroup Vincent Andrews - Morga ...

Albemarle Corporation (ALB) logged a loss of $1.96 per share in the second quarter of 2024. In the year-ago quarter, the company had reported earnings of $5.52 per share.Adjusted earnings in the reported quarter came in at 4 cents per share, missing the Zacks Consensus Estimate of 53 cents.Revenues fell roughly 40% year over year to $1,430.4 million in the quarter. However, the metric beat the Zacks Consensus Estimate of $1,400.7 million. The top line was hurt by lower prices, partly offset by the volume gr ...

اد Q2 2024 Earnings August 1, 2024 8:00am ET Forward-Looking Statements 2 This presentation, conference call and discussions that follow contain statements concerning our expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncer ...