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Albemarle Corporation (ALB)

NYSE - NYSE Delayed Price. Currency in USD
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134.73-2.53 (-1.84%)
At close: 4:00PM EST
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  • H
    Hung
    $200 This Christmas by December 25th ...LETS Go !!
  • Y
    Yahoo Finance Insights
    Albemarle reached a 52 Week high at 131.65
  • D
    Dan
    Another interesting article on Saudi ARAMCO hiring banks to court investors to raise cash. But for what? They're running nowhere near capacity so unlikely to drill new holes. Very interesting.
  • S
    Stephanie Mitchell
    Don't take this the wrong way, but I am hoping for a volatile day today as some traders see that things can move in both directions (not just up).

    My plan is to buy about 10% of what I would like to repurchase if there is a significant pullback. That way if the market keeps moving down, I can keep buying in tranches. I would feel better about the plan if the Tesla S&P 500 news would not have came out last night. That should help cushion any fall today.
  • S
    Stephanie Mitchell
    ALB earnings after the bell tonight, good luck to all!

    I think there may be some hope for another small upsize surprise with earnings not dropping as much as analyst expect. Although, fresh earnings outlook and any talk of improving price outlook will matter more of course.

    My reasoning for a potential upside surprise:

    September IR presentation where ALB gave Q320 guidance of $700M-$775M sales and $140M-$190M EBITDA: https://investors.albemarle.com/static-files/8636bf3c-868b-42e9-96b4-906a01f0cb17

    October IR presentation where ALB indicated what appears to me to be a more optimistic outlook with "Near-term market outlook stabilizing; rebounding Auto OEM production; strong EV sales, and improving Chinese and North American sales volumes": https://investors.albemarle.com/static-files/7a54ca22-1d22-4715-b889-523605c6b0cc

    November 3rd Analyst Estimates for ALB from Benzinga with revenue still in the middle of the September estimate at $740M: https://www.benzinga.com/news/earnings/20/11/18187907/albemarles-earnings-outlook
  • H
    Hung
    On schedule for $180 on Christmas Day. Let’s go!!
  • B
    Breshaun
    Anyone else expecting a large drop Monday?
  • p
    paulspicks2020-Youtube
    Why we booming here and not LVNT?
    Bullish
  • A
    Andy
    If they are sold out for 2021 and likely 2022, and they are succeeding in their cost cutting initiatives....this stock should be a nice and steady winner?
  • H
    Hung
    Hello My Albermarle Family. $400 by next Christmas
  • P
    PCJoe
    Well - a trailing p/e of 37 or so based on earnings of approx $380mill in a very bad year with lithium at the bottom of the commodity curve - lithium demand and pricing just beginning to turn up - one of the worlds largest producers of lithium and with plenty opportunity to increase production in what in all probability be in a decent period ( several years) of tight supply - Wots not to like? - this got doubler written all over it at current sp with a likely minimum $12 Lithium price
  • P
    PCJoe
    Great to see all my lithium stocks going so well including Alb - as for Aramco? - this “wee“ outfit that most haven’t heard of represents the future - Bigger than BP now and got Shell in its sights - Exxon & total after that
  • S
    Stephanie Mitchell
    California Zero Emissions Vehicle sales mandates that begin phasing in on heavy duty vehicles at the 2024 model year are going to turn this electric delivery van segment into a battleground amongst the established automakers and the new entrants that is going to be interesting to watch. At least 14 other states are also planning to join the bandwagon, so we are not talking about small volumes. And it is actually a good fit for BEV, as the majority of the vehicles are in fleets that return to their home base every night for an opportunity to charge.

    The good news is that no matter how the market gets split up amongst the motivated competitors, they are all going to require batteries!

    https://www.theverge.com/2020/11/12/21559954/ford-e-transit-electric-delivery-cargo-van-price-specs-range
    Ford is hoping to beat competitors to market when this van goes into production in 2022.
    Ford is hoping to beat competitors to market when this van goes into production in 2022.
    www.theverge.com
  • H
    Hung
    This will be $400 by Next Christmas. Once it hits $600. It will do a stock split. Nobody’s believes me. But once it prints $200. It will cost you a pretty penny to Jump on Board!! Get on the ship now!
  • B
    Bruce
    Highest share price since 2018! One of these days companies besides Tesla will start delivering BEV's in quantity.
  • S
    Stephanie Mitchell
    I bought back 30% of the shares I stupidly sold for $105 two weeks ago at $123 today.

    I didn't have an opportunity to buy the shares back until we hit $118 because of the time it took the original sale to settle. And, at that time I was hoping to get them all back at or below $115.

    As interesting as opinions are, I am thinking sometimes it is more informative to watch someone's purse. In this case, if I was sure ALB was never getting below $123 again, I would have bought everything back. But I thought the odds of it just continuing to chug higher from here were great enough that it was worth paying the premium today ($18 per share over where I sold!) to make sure I would still have a sizable long term investment.

    Either way if it goes up or down from here I am going to feel foolish for either not going all in, or not waiting longer to buy it back cheaper. Lesson learned, don't try to daytrade your 401K! 🤯
    (At least not with more than the reserve cash you have to reverse a mistake...)
  • J
    JIII
    Wow!
    Albermarle stock price target raised to $140 from $98 at Argus Research
    9:39am ET 11/13/2020 MarketWatch
  • D
    Dan
    Not an ALB thing so may be pulled by admins but since we’re early adopters here... Interesting blurb from MF about cold storage REITs and their probable raise in demand from the need for vaccine cold storage. Every other REIT is probably hurting now except for warehouse demand from Amazon.
  • K
    K.B
    I’m trimming my position here. I still think it has room to run but I need to lock in some of my profits with a cost basis of $68
    Bullish
  • H
    Hung
    What makes Albermarle a complete packaged short term and Long term is. There are the #1 Lithium producer, #1 most consistent and most experienced in the lithium industry. Contrasts with the private and public sector. And on top of all that. Management and leadership is impeccable. And even more compelling. This is only the 1sr cycle of the lithium revolution. Not only do I see $400 easy attainable. I see it easier surpassing $500 and then going into a stock split. Long term holder hear. See you all in a few years. Life is beautiful when you have passion in the correct people and team. Go Albemarle !!!