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Albemarle Corporation (ALB)

NYSE - Nasdaq Real Time Price. Currency in USD
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Visitors trend2W10W9M
218.62+11.78 (+5.70%)
At close: 4:00PM EDT
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  • B
    Buzz
    Jeez, this is huge action. Probably not deserved based on earnings alone, but the infrastructure deal and Biden EV headlines making it pop. May need to take a little profit here.
  • n
    nereu
    From NW (9:05 AM ET 08/05/2021): CFRA Maintains Buy Opinion On Shares Of Albemarle Corporation. "We lift our 12-month target price $35 to $230, applying an enterprise multiple of 16x our 2025 EBITDA estimate and an 8% discount rate."
  • T
    Ty
    Long term this a no brainer, but short term and after today’s earnings, I feel like it’s about to get trashed..
  • D
    Dan
    So now we come to the question of sell the run up or hope for more? One thing I’ve noticed with ALB is there seems to always be a run up to earnings and then a drop once earnings are announced. So stay and hope or take gains and pull back? Typically I’ll ride it out but the few times I have taken gains and stepped back have been the most profitable.
  • B
    Buzz
    Cost basis $63. Can't afford the tax consequences of selling, so guess I am holding for a while.
  • M
    M
    All thats important in my book. Li is better than previously disclosed, which is the trend

    Full-year 2021 net sales guidance is improved compared to previous guidance primarily due to increased Lithium sales and improving Catalysts trends offset by reduced expectations for the Bromine business as a result of higher raw material costs and supply chain disruptions.
  • P
    Patrick
    Well I'm out, made good money but this sodium battery has me worried long term about lithium. Yes, sodium batteries have less energy density but with the infrastructure of charging stations being built out and the fact that sodium batteries can be charged much quicker than lithium batteries, I can see a scenario where sodium batteries power cars up to 150miles which may seem low except that you can just charge in 5 minutes so having a longer range/"larger gas tank" becomes meaningless.

    Good luck to all who are still in, hope everyone makes good money
  • E
    Electric Mike
    We hit $199.29 in the pre-market. Wrong or right, crossing $200 will feel like breaking a big barrier in my mind. 😎
  • E
    Electric Mike
    Tesla will be reporting quarterly earnings after market close tomorrow with an earnings call to follow, at 5:30 PM EST I believe. With any luck Elon's always optimistic remarks can provide some fuel to support the upward drive ALB stock has been trying to make recently.

    I believe it is also helpful that ALB is one of the first major Lithium producers to report earnings on 8/4/2021 (LTHM is expected 8/5/2021, SQM 8/18/2021, Tianqi reported on 8/31 last year; Ganfeng pre-announced it expects positive results on 7/14/2021 with numbers to come at the end of August). So if ALB reports flat earnings with a very positive outlook, we can hopefully ride the wave when all the others that are more exposed to spot price publish their earnings and outlook too.
  • e
    er
    I had to work this morning. If I had known we gained so much I would have sold out and took the money. Wow, what a morning and I missed it. I have been holding over three years now. Looking at the numbers a lot of people took the money and ran. Well hopefully the financial report will be very positive and we will hold our gain.
  • E
    Electric Mike
    We held above $200 per share today.
    The China domestic spot price for Lithium Hydroxide is up another 6.1% this week.
    And, earnings next week after market close on Wednesday, August 4th.

    Good times.

    https://www.fastmarkets.com/commodities/industrial-minerals/lithium-price-spotlight
  • D
    Dan
    Well guess I called that wrong.😁
  • T
    Ty
    Earnings ever come in?
  • m
    mp
    That must be one heckuva conference call after earnings. This stock is going higher
  • M
    Mike
    $SQM conversation
    Mercedes-Benz will shift its focus to electric vehicles by 2025

    $SQM $ALB $LIT
    Bullish
  • J
    Jason
    Sitting with an average of $68.
  • M
    Mike
    $SQM conversation
    US SENATE MAJORITY LEADER SCHUMER: I THINK THERE ARE ENOUGH VOTES IN THE SENATE TO GO AHEAD WITH A BIPARTISAN INFRASTRUCTURE BILL.

    $SQM, $LAC, $ALB
    Bullish
  • e
    er
    It seems like early profit taking. Hope the quarterly is good. It is my belief earnings are on the the upside and will continue for a couple of years.
  • A
    Albert
    sold my holdings today...even great profits don't seem to stop a sell off from occurring in today's environment
  • V
    Victor
    could get really wild in 25 hours