|Bid||70.02 x N/A|
|Ask||70.31 x N/A|
|Day's Range||70.06 - 70.22|
|52 Week Range||47.50 - 87.75|
|Beta (5Y Monthly)||1.46|
|PE Ratio (TTM)||14.72|
|Forward Dividend & Yield||1.36 (1.95%)|
|Ex-Dividend Date||Sep 17, 2020|
|1y Target Est||N/A|
Albemarle's (ALB) second-quarter results are likely to reflect the impact of demand weakness resulting from the pandemic.
Moody's Investors Service ("Moody's"), downgraded the senior unsecured ratings of Albemarle Corporation ("Albemarle") to Baa3 from Baa2 and the commercial paper rating to Prime-3 from Prime-2. The backed senior unsecured ratings for Albemarle New Holdings GmbH and Albemarle Wodgina Pty Ltd. were also downgraded to Baa3 from Baa2.
Albemarle (ALB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A top environmental judge in Chile renewed a call for a government-vetted water study to help stamp out lingering questions about sustainability that have cast a pall over Chile's lithium-rich Salar de Atacama. Water - both fresh and saline, where the lithium lies - has long been a sticking point for miners at Atacama, one of the world's richest reserves of the ultralight battery metal. The flat sits amid the world's driest desert.
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
Under the traditional or commonplace definition, cyclical stocks are investments that are largely impacted by macroeconomic events. In a bull market, for instance, you'll see Wall Street top dogs transition into cyclical sectors to advantage growth opportunities. Of course, with the incredibly disruptive novel coronavirus, all bets are off the table.Or are they? To be sure, conservative investors will want to give their portfolio a healthy dose of secular names, or assets that perform reliably well irrespective of market conditions. And some of these investments, such as food-related securities, are acting very much like cyclical stocks due to their newfound relevance and momentum.However, for those that can stomach a little risk, genuine cyclical stocks have an opportunity for potentially massive upside. Unlike other recessionary periods, the new normal was arguably not caused by an economic vulnerability. Prior to the pandemic, one of our fiscal headwinds was the U.S.-China trade war. Still, both sides were making headway until disaster struck.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThus, it's not unreasonable to assume that some cyclical stocks will bounce back once the coronavirus fades away or until we have a vaccine. Once we get back to normal - as in, a real normal - these companies could enjoy a so-called V-shaped recovery: * Microsoft (NASDAQ:MSFT) * FireEye (NASDAQ:FEYE) * Blink Charging (NASDAQ:BLNK) * Honda (NYSE:HMC) * Albemarle Corporation (NYSE:ALB) * Newmont Corporation (NYSE:NEM) * Smith & Wesson Brands (NASDAQ:SWBI) * Sportsman's Warehouse (NASDAQ:SPWH) * Canopy Growth (NYSE:CGC) * 15 Growth Stocks That Are Being Propped Up By Low Rates Finally, keep in mind that the Covid-19 outbreak has not dampened our innovative or resourceful spirit. In some ways, the coronavirus has shifted our priorities. And these nine cyclical stocks to buy stand to benefit from this unprecedented transition. Microsoft (MSFT)Source: NYCStock / Shutterstock.com Shortly after the pandemic disrupted most Americans' ability to make a living, the rise of a new set of cyclical stocks - the work-from-home sector - captured everyone's attention. Logically, you can benefit from this phenomenon through trending names like Slack Technologies (NYSE:WORK), Dropbox (NASDAQ:DBX), and of course Zoom Video Communications (NASDAQ:ZM). But I'm going to start off with a classic: Microsoft.While the other names I mentioned provide specialized solutions, in this crisis, it doesn't hurt to have a jack-of-all-trades. But don't say that Microsoft isn't a master of none because that's far from the truth. As a freelancer myself, I have always found the company's products to be lifesavers. Yes, other competing platforms exist, but they don't have the same cachet. Therefore, I love the long-term potential of MSFT stock.And it's not just my words. Microsoft saw its earnings jump in the first quarter of this year thanks to robust cloud-computing demand during the pandemic. With the coronavirus again rearing its ugly head - aided perhaps by stupid people in this country - MSFT stock might enjoy its own resurgence. FireEye (FEYE) Click to EnlargeSource: Michael Vi / Shutterstock.com While employees are probably loving the transition to remote work, management may soon have a different take. No, I'm not talking about suspicions that your supervisor may have about you actually working from home. Rather, the shift to telecommuting opens a new battleground for cybercriminals. Because of this rather fortuitous event for cybersecurity firms, this may finally be the moment for FireEye.Don't get me wrong: if you're looking for cyclical stocks in this space, you're better off with stable competitors like Palo Alto Networks (NYSE:PANW) or Check Point Software Technologies (NASDAQ:CHKP). However, FEYE stock is rather attractive because of its low price and favorable fundamentals. Frankly, there's never been a more crucial time for enterprises to protect their digital ecosystem. Thus, FireEye may benefit from a rising tide. * 10 Work-From-Home Stocks That Are Beating the Pandemic Also, Morgan Stanley raised its price target for FEYE stock to $13 from $12. Although I don't recommend blindly following analysts' forecasts, they may have a point here. Plus, this is the best chance that FEYE has ever had for upside. Blink Charging (BLNK)Source: David Tonelson/Shutterstock.com Earlier this year, Blink Charging shares were barely above penny stock status. Admittedly, it got very scary following the initial attack from the coronavirus.Since the March doldrums, though, BLNK stock has blossomed into one of the most compelling cyclical stocks to buy. What's more remarkable is that in the past five years, shares were all over the map. Back then, electric vehicles represented only a small portion of automobile sales. And to be clear, that hasn't changed much. What has changed is the attitude.You see, the oil price falling below zero wasn't just an unprecedented, though thankfully temporary calamity. It also was emblematic of a decided consumer shift toward cleaner fuel vehicles. Therefore, the much-discussed hype about a massive transition to electric now has credibility.But what has practically prevented mainstreaming of EVs is infrastructure. After all, not every driver has access to a garage. That's where Blink Charging comes into play with its network of charging stations. Thanks to the aforementioned consumer shift, BLNK stock should be a long-term winner. Honda (HMC)Source: Jonathan Weiss / Shutterstock.com If you're looking to invest in the EV space, you should primarily focus on Tesla (NASDAQ:TSLA). Even if you don't like the nominal price tag of TSLA, you could always opt for fractional ownership via platforms like Robinhood. That's probably why gravity seemingly has no effect on Tesla.Still, there's something to be said about going for the obvious pick. If you want to enjoy the advantages of cyclical stocks in the EV market but want something with perhaps higher profitability potential, you might want to check out Honda.As EVs become mainstream, I believe that consumers will expect more from their automotive brands. Though Tesla has a tremendous lead in the space, they don't stack up too well in terms of reliability. Also, many Tesla owners in the past have been frustrated with the company's slow repair times. These misfires could provide an underappreciated opportunity for HMC stock as Honda prepares to go EV only from 2025.As everyone knows, Honda has built a longstanding reputation for reliability. It's not that much of a stretch to assume it will apply the same principle to EVs. Also, Honda's extensive dealership networks could provide far superior service for customers. * 8 Presidential Election Stocks to Buy in Case Trump Wins Again Of course, this is a riskier contrarian play. But if you prefer unconventional thinking, HMC stock could be your ticket to success. Albemarle Corporation (ALB)Source: IgorGolovniov/Shutterstock.com Out of all the high-probability cyclical stocks available, those levered to the EV market could witness the biggest gains. From true energy independence to environmental concerns, electric power hits the right notes for the emerging generation. However, picking individual EV players is fraught with risk. To mitigate the dangers to your portfolio, you may want to consider Albemarle Corporation.An industry leader in lithium and lithium derivatives, Albemarle essentially acts as an umbrella investment. At a certain point, you'd expect auto rivals to challenge Tesla's throne. Though Tesla enjoys brand dominance, it can't possibly sell to every American driver. For instance, the company is leaving open the economy car segment, which should see intense competition. And that just translates to higher demand for lithium, boosting ALB stock.Theoretically, EVs are easier to make, which is another reason why automakers are rushing into the arena. Just the presence of mass (and viable) competition could shake things up at Tesla. But for ALB stock, more competition will bring in more consistent revenues. Newmont Corporation (NEM)Source: Piotr Swat/Shutterstock To be perfectly honest, cyclical stocks related to the gold industry have relied on an old but dangerous adage: "this time, it's different." Unfortunately, every time someone uttered this phrase following gold's record-breaking move last decade, enthusiasm quickly met with disappointment. Nevertheless, I'm bullish on Newmont Corporation.First, this time, it really is different. Though we've suffered pandemics in our past, we've never encountered one that forced state governments to shut their economies. Typically, gold rises on fear and uncertainty, and there's plenty of that going around. Thus, with higher demand for the underlying commodity, NEM stock is finally enjoying a credible fundamental tailwind.Second, the resurgent coronavirus is almost screaming the case for gold-related investments. Obviously, another round of state shutdowns will cause much calamity. With federal relief funds to support the unemployed about to expire soon, NEM stock could jump on the fear trade. * The 7 Best Stocks to Invest in Right Now But the biggest catalyst could be the Federal Reserve. Given that no playbook exists for responding to this crisis, the central bank will probably adopt an inflationary policy. This could be the spark that sends gold prices to absolutely ridiculous levels. Smith & Wesson Brands (SWBI)Source: Supakorn Pe / Shutterstock.com Not all rises in cyclical stocks are due to uplifting reasons. Case in point is the unbelievable growth in Smith & Wesson Brands. Ironically, SWBI stock didn't do all that well under the Trump administration. First, the fear of Democrats taking away people's firearms just didn't exist. Second, crime went down during his first term, although many question the President's role in this trend.But now, the narrative has completely changed. The coronavirus exposed Trump as an effective leader only in good times. When the chips are down, he appears vulnerable. Unfortunately for him, this disaster struck on a pivotal election year.Analyzing the dynamics of the political race, I still believe Trump has a shot of winning. However, that's an unpopular opinion and the rise of SWBI stock reflects this.Also bolstering the case for Smith & Wesson is that violent crime is now surging in major U.S. cities. With law enforcement departments throughout the U.S. beleaguered due to nationwide calls for justice, individual citizens are left with few options other than to take matters into their own hands. Sportsman's Warehouse (SPWH)Source: OpturaDesign/Shutterstock.com With a second wave of infections hitting us like a freight train, we are almost surely headed toward an ugly recession. Yes, the White House has boasted about record-breaking jobs gains in May and June. However, most of that came from low-paying service sector occupations that partially returned when states began reopening.Now, that's off the table. Logically, that will translate to a truly ugly jobs report for either July or August. And that doesn't bode well for cyclical stocks geared toward the retail market. However, investors should make an exception for Sportsman's Warehouse.Because of the word "sports" in the company name, you might think that this is an athletic apparel retailer. You're not too far off. I call Sportsman's Warehouse Nike (NYSE:NKE) for coalminers.Basically, it sells guns - lots and lots of guns. As I mentioned with Smith & Wesson, this is a very popular sector; hence, the meteoric rise in SPWH stock.Additionally, I'm not sure when the enthusiasm will end. While cries for defunding the police may sound good for some political groups, I'm positive that it's scaring the heck out of most people. Of course, due to cancel culture, they're not going to admit that. * 9 Ugly Natural Gas Stocks to Keep on Your Watchlist Instead, they're buying guns, which is why you should look into buying SPWH stock. Canopy Growth (CGC)Source: Shutterstock When Canada became the first G7 member state to legalize recreational marijuana, many folks - including yours truly - thought that this would usher in a transformative paradigm shift. From my perspective, we were talking about turning a previously illegal market into a legal and therefore taxable one. So, I was excited about Canopy Growth and CGC stock. Eventually, though, that excitement turned into disappointment.In hindsight, Canopy like so many of its rivals focused almost exclusively on growth. Unfortunately, the legal cannabis market in Canada was not prepared to handle the rollout. Much of the setbacks came from the government, specifically cannabis license application backlogs. Also, not enough dispensaries existed in high-demand provinces, causing supply-demand bottlenecks.Still, that's not to excuse the business leaders in this market. They made poor decisions, which ultimately hurt investments like CGC stock.However, the coronavirus could give controversial cyclical stocks like CGC another lease on life. Specifically, the new normal has been tough on mental health. Though research is still being conducted in this area, cannabis and non-psychoactive cannabidiol (CBD) may offer organic relief.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he is long gold. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 9 Cyclical Stocks Whose Time Is Coming Around appeared first on InvestorPlace.
The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.385 per share. The dividend, which has an annualized rate of $1.54, is payable Oct. 1, 2020, to shareholders of record at the close of business as of Sept. 18, 2020.
Lithium prices have been on a big decline since late 2017. An abundance of supply coming online across the globe has offset what is surging demand for the useful metal from the smartphone, tablet and electric vehicle (EV) end-markets. Alongside this plunge in lithium prices, lithium mining stocks - like Galaxy Resources (OTCMKTS:GALXF) stock - have crumbled.Source: Olivier Le Moal/ShutterStock.com But GALXF stock took off like a rocket ship in May and June. Shares nearly doubled in about a month.Importantly, this huge move in GALXF stock came without a big move in lithium prices. Lithium carbonate spot prices have, instead, kept falling over the past few months.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhy, then, did Galaxy Resources stock soar?Because of what could happen to the price of lithium. The stage could be set for a huge rebound, on the back of growing demand and a supply crunch. If that huge rebound in lithium prices materializes, GALXF stock could turn into a muti-bagger over the next few years.Here's a deeper look. Falling Lithium PricesLithium prices appear to be on the cusp of a significant rebound as demand trends accelerate and the supply glut eases. * 7 Utilities Stocks to Buy With Reassuring DividendsLong story short, lithium-ion batteries are at the core of essentially every battery-powered thing in the world. Smartphones. Tablets. Smartwatches. Electric vehicles. They all use lithium-ion batteries, which are superior when compared to traditional battery technology. Lithium-ion batteries charge faster, last longer and have a higher power density (so the batteries can be smaller and lighter - super important for a phone).Consequently, demand for lithium has soared over the past decade. When that soaring demand was not met by soaring supply, lithium prices skyrocketed.Throughout 2016 and 2017, lithium prices more than doubled.But, in late 2017, new mines started to come online and flood the lithium market with more supply than it could handle. And, smartphone demand wavered because of global saturation and EV demand slowed in 2019 as governments cut subsidies.This concurrent surge in supply and wane in demand led to lithium prices falling off a cliff. Lithium mining stocks - like GALXF stock - have followed the price of the battery metal.GALXF stock has dropped about 85% off its early 2018 highs. Surging DemandThanks to the new cars, 5G and the novel coronavirus, lithium prices could again could again double over the next few years.Specifically, EV demand has re-accelerated globally in 2020 - even in the face of a pandemic - because governments across the globe have doubled down on subsidies for clean air vehicles. At the same time, Tesla's (NASDAQ:TSLA) Model 3 is going global. Plus, traditional automakers like Ford (NYSE:F) are set to unveil a slew of new EVs over the next few years. All of these actions imply that global EV demand will only accelerate into 2025.Meanwhile, global smartphone demand should also re-accelerate over the next few years, mostly thanks to the global roll-out of 5G coverage and 5G smartphones. This new technology will spark a multi-year, super-upgrade cycle in smartphones, the likes of which we haven't seen in a long, long time.Also of note, 5G will act as a mega-catalyst for all-things-IoT - and all those things are built on lithium-ion battery technology. Supply CrunchPerhaps most importantly, this surging demand in the smartphone, IoT and EV end-markets over the next few years, will be met with a supply shortage in the lithium market.We have Covid-19 to thank for that.The coronavirus pandemic has, for the moment, killed lithium demand. Lithium prices have collapsed. And the world's biggest lithium producers are postponing and/or canceling new projects.Albemarle (NYSE:ALB), the world's largest lithium company, has significantly delayed expansion plans. Specifically, over the past few quarters, the company has announced plans to delay new projects which would've added about 200,000 tonnes of processing capacity. The 2020 budget has also been cut.Chile's SQM, the world's second-largest producer of lithium, has pushed back its own big expansion plans from late 2020 to late 2021. Australia's Wesfarmers has delayed a final investment decision on its Mount Holland project. China's Tianqi Lithium has postponed commissioning the first phase of its Kwinana project.All in all, producers are cutting back on supply ahead of what will be a demand surge over the next few years.That combination ultimately implies that lithium prices are ready to rebound in a big way. And that's great news for GALXF stock. Galaxy Resources Stock to the Moon?Galaxy Resources is a smaller, lithium mining company with three projects.One of the projects, Mount Cattlin in western Australia, is operational. Another, Sal de Vida in Argentina, is in development, with production targeted for 2022. The third project, James Bay in Canada, is in the exploratory stage and should be in production within five years.In other words, Galaxy Resources is one of the rare lithium mining companies that projects to dramatically expand mining capacity over the next few years.If this dramatic expansion is met with soaring lithium prices, then GALXF stock could soar.Simply consider that when, in 2017, Galaxy Resources had just one operational mine in western Australia and lithium prices were high, GALXF stock was up at $3.50. If lithium prices rebound to or above that level again - a very possible scenario - and Galaxy Resources has two or three operational mines, then it reasons that GALXF stock could soar to $7 or even $10+.But, at the same time, if lithium prices don't rebound and Galaxy Resources keeps expanding production, the company could be in for a world of hurt. Bottom Line on GALXF StockThe best way to look at GALXF stock is as a highly levered play on lithium prices. If lithium prices do rebound with force over the next few years, GALXF stock will soar. If not, this stock could continue on its multi-year decline.I'm optimistic that lithium prices can bottom out over the next few months, and proceed to rebound significantly back to and potentially even above their 2017 highs. This will come on the back of surging smartphone, IoT and EV demand, as well as a supply crunch thanks to the world's biggest suppliers canceling projects amid the Covid-19 pandemic.If that does happen, then GALXF stock will turn into a multi-bagger.Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been recognized as one of the best stock pickers in the world by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Galaxy Resources Offers a Lithium Rebound Play appeared first on InvestorPlace.
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its second quarter 2020 earnings after the NYSE closes on Wednesday, Aug. 5, 2020.
Chile´s vaunted lithium industry, the world´s second largest, has begun to feel the impact of a runaway coronavirus outbreak nationwide, though top producers SQM and Albemarle said output from their Atacama operations nonetheless remained unscathed. Albemarle, the world´s No.1 miner of the ultralight battery metal, told Reuters in an email Wednesday it planned to immediately shut down its Atacama potash plant for 15 working days in order to comply with restrictions requiring miners cut back staff. Albemarle told Reuters a total of 17 of its Chile-based workers and contractors had been infected with the virus, including 14 who work on the salt flat.
In this article you are going to find out whether hedge funds think Albemarle Corporation (NYSE:ALB) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Scott Tozier, Chief Financial Officer, Meredith Bandy, Vice President, Investor Relations and Sustainability, and Sharon McGee, Vice President, Investor Relations and Corporate Development, will attend a virtual fireside chat with David Begleiter, Managing Director, Chemicals and Agriculture, at Deutsche Bank on Tuesday, June 9, 2020 at 1:30pm EDT
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets. Lithium industry shares have dropped sharply since January as the economic downturn from the pandemic slammed the brakes yet again on the electrification revolution that for years has seemed just around the corner. The holdup will result in a shortage of the white metal available for EV batteries when markets rebound, warned industry analysts, executives and consultants.
Lithium producer Albemarle (NYSE: ALB) is getting hit across its diversified portfolio today. In 2017 investors decided that lithium was a hot commodity, bidding the price higher and higher on the expectation that the world's automobiles would be shifting from gasoline to electricity. Lithium prices rose faster than actual demand for the key battery-making metal.
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Eric Norris, President, Lithium, will speak at the Electric Vehicle Supply Chain Festival from Benchmark Minerals on Thursday, May 28, 2020, at 11am EDT. This virtual conference is a free-to-view festival of expert seminars and conversations on defining subjects for the electric vehicle and lithium ion battery supply chain.
The most significant effects might not be felt until the second half of 2020, but investors might expect them to weigh on the dividend stock for the foreseeable future.