LIT - Global X Lithium & Battery Tech ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
31.04
+0.09 (+0.29%)
At close: 4:00PM EST
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Previous Close30.95
Open31.04
Bid0.00 x 1100
Ask0.00 x 1300
Day's Range30.92 - 31.41
52 Week Range28.83 - 41.21
Volume103,291
Avg. Volume237,092
Net Assets739.2M
NAV30.33
PE Ratio (TTM)N/A
Yield4.16%
YTD Return-21.88%
Beta (3Y Monthly)1.21
Expense Ratio (net)0.75%
Inception Date2010-07-22
Trade prices are not sourced from all markets
  • Albemarle’s Q3 Earnings Beat the Expectations, Top Line Missed
    Market Realist6 days ago

    Albemarle’s Q3 Earnings Beat the Expectations, Top Line Missed

    Albemarle (ALB) announced its third-quarter earnings after the market closed on November 7. The company reported an adjusted EPS of $1.31 in the third quarter—an increase of 21.3% on a year-over-year basis. In the third quarter of 2017, Albemarle reported an adjusted EPS of $1.08. The adjusted EPS excluded non-recurring and other unusual items amounting to $0.13 per share and $0.02 per share related to the pension.

  • Trending: Emerging Markets Deeper Into Bear Territory After Trump’s Remarks on Tariffs
    ETF Database2 months ago

    Trending: Emerging Markets Deeper Into Bear Territory After Trump’s Remarks on Tariffs

    Emerging markets bear the brunt of angst over trade as President Trump threatens to slap another round of tariffs on Chinese goods. Cloud computing trended thanks to skyrocketing cloud usage and record capital expenditures of the largest cloud infrastructure players. Argentina came third in the list as optimism surfaced after government and IMF officials signaled progress in the talks regarding the improvement of a standby loan agreement approved in June. Lithium oversupply in China has sent prices to 14-month lows as cheap, locally produced material hurts the international market. The U.S. dollar closed the list due to positive reaction to strong wage data and an overall upbeat jobs report. Check out our previous trends edition at Trending: Markets Plough Ahead on NAFTA Breakthrough.

  • Trending: Emerging Markets Deeper Into Bear Territory After Trump’s Remarks on Tariffs
    ETF Database2 months ago

    Trending: Emerging Markets Deeper Into Bear Territory After Trump’s Remarks on Tariffs

    Emerging markets bear the brunt of angst over trade as President Trump threatens to slap another round of tariffs on Chinese goods. Cloud computing trended thanks to skyrocketing cloud usage and record capital expenditures of the largest cloud infrastructure players. Argentina came third in the list as optimism surfaced after government and IMF officials signaled progress in the talks regarding the improvement of a standby loan agreement approved in June. Lithium oversupply in China has sent prices to 14-month lows as cheap, locally produced material hurts the international market. The U.S. dollar closed the list due to positive reaction to strong wage data and an overall upbeat jobs report. Check out our previous trends edition at Trending: Markets Plough Ahead on NAFTA Breakthrough.

  • Albemarle Stock Rose 6.4% on Better-than-Expected Q2 Earnings
    Market Realist3 months ago

    Albemarle Stock Rose 6.4% on Better-than-Expected Q2 Earnings

    Albemarle Stock Rose 6.4% on Better-than-Expected Q2 EarningsAlbemarle’s adjusted EPS beat estimates

  • What Drove Albemarle’s Better-than-Expected Q2 Earnings?
    Market Realist3 months ago

    What Drove Albemarle’s Better-than-Expected Q2 Earnings?

    Albemarle (ALB) reported its Q2 2018 earnings after the market closed on August 7. It reported revenue of $853.9 million for Q2 2018, reflecting growth of 15.8% over Q2 2017. The company easily beat Wall Street analysts’ estimate of $798.2 million. Higher volumes, better pricing, and favorable foreign currency influenced ALB’s revenue growth and offset the divestiture effect of its polyolefin catalysts and components business to W.R. Grace (GRA). All three of ALB’s reporting segments witnessed revenue growth. On a year-over-year basis, the Lithium segment led the revenue growth with 30. ...

  • 10 Lithium Stocks to Buy Despite the Market’s Irrationality
    InvestorPlace3 months ago

    10 Lithium Stocks to Buy Despite the Market’s Irrationality

    Logically, the idea of buying lithium stocks is a frequently made suggestion. For instance, industry demand for lithium remains robust, and is likely to increase as electronics manufacturers pump out smart devices. Why the disconnect between lithium stocks and underlying industry demand?

  • ETF Trends3 months ago

    Thematic ETFs to Enhance Your Investment Portfolio

    When creating a diversified investment portfolio, ETF investors should consider how thematics can help differentiate a balanced portfolio and leverage disruptors that are upending traditional equity paradigms. ...

  • ETF Trends3 months ago

    How Thematic Equity Can Energize a Portfolio

    For investors looking for exposure to tomorrow, thematic investing has become a popular forward-looking approach for this unique era of disruption. On the upcoming webcast Tuesday, July 31, How Thematic ...

  • Albemarle Signs Heads of Agreement for Hydrocracking
    Market Realist5 months ago

    Albemarle Signs Heads of Agreement for Hydrocracking

    On June 20, Albemarle (ALB) entered into heads of agreement with Sinopec Catalyst Co. Ltd. and Sinopec Fushun Research Institute of Petroleum and Petrochemicals in the field of hydrocracking. The cooperation among these entities is on a non-exclusive basis, and they expect to supply hydrocracking pre-treat and hydrocracking catalysts and expertise.

  • ETF Trends5 months ago

    3 Reasons to Still Love Lithium ETF

    The Global X Lithium & Battery Tech ETF (NYSEArca: LIT), which tracks the full lithium cycle from mining and refining through battery production, is tumbling this year after ranking as one 2017’s best-performing ...

  • ETF Trends5 months ago

    Unreliable Metal Pricing Fueled Volatile Swings in Lithium ETFs

    Rare earth metals like lithium and cobalt have been among the hottest commodities in recent years, but there are no actively traded contracts to help negotiate efficient pricing, adding to volatility in related lithium ETFs that track companies dealing with these metals. For instance, the Global X Lithium & Battery Tech ETF (LIT) , which tracks the full lithium cycle from mining and refining through battery production, has declined 13.7% year-to-date. Market weakness has also negatively affected the recently launched Amplify Advanced Battery Metals and Materials ETF (BATT) , which includes companies involved in the production of advanced battery technologies, such as lithium and cobalt.

  • Ride the Speeding Electric Vehicle Industry With These ETFs
    Zacks5 months ago

    Ride the Speeding Electric Vehicle Industry With These ETFs

    There has been a sweeping shift in the vehicle industry from internal combustion engines to electric-powered. Bet on this evolving trend with these ETFs.

  • ETF Database5 months ago

    This Week's ETF Launches: Mr. Wonderful’s New Internet Giants ETF

    The technology of the future has its fingerprints all over this week’s batch of new ETFs.

  • Benzinga5 months ago

    Go BATTy For This New Battery ETF

    Investors looking to tap into expected demand for materials used to manufacture batteries for electric vehicles, among other high-tech products, have a new exchange traded fund to consider. The Amplify ...

  • ETF Trends6 months ago

    Lithium ETF Could Be Turning Around

    A lithium ETF may power up ahead as a number of technology and industrial companies have locked in deals with lithium producers in the latest indication that big users are trying to secure supplies in the face of potential shortages. The Global X Lithium & Battery Tech ETF (LIT) , which tracks the full lithium cycle from mining and refining through battery production, has increased 4.1% over the past month after falling off 10.2% year-to-date. A number of companies like technology firms and car makers reliant on lithium have signed deals even if it means joining suppliers that haven't started production yet in an attempt to head off potential shortages in the follow years as electric vehicle uses rises, reports the Wall Street Journal.

  • Analyst Upgrades for FMC in May 2018
    Market Realist6 months ago

    Analyst Upgrades for FMC in May 2018

    FMC (FMC), similar to Sociedad Química y Minera de Chile (SQM) and Albemarle (ALB), also has exposure to lithium, which makes it attractive to lithium investors (LIT). The company reported its earnings on May 2. Its EPS (earnings per share) of $1.84 beat analyst estimates of $1.6 at the time of its earnings. In the following weeks, the company saw several upgrades with the stock rising by almost 9% to $87.4 on May 10.

  • Albemarle Reports Double-Digit Earnings and Revenue Growth
    Market Realist6 months ago

    Albemarle Reports Double-Digit Earnings and Revenue Growth

    Albemarle (ALB) reported strong 1Q18 earnings on May 9. The company reported an adjusted EPS (earnings per share) of $1.30—an increase of 23.8% on a YoY (year-over-year) basis. Albemarle’s earnings were influenced by strong revenue growth, better operating efficiency, and improved cost control.

  • How Analysts Rate SQM after Earnings Release
    Market Realist6 months ago

    How Analysts Rate SQM after Earnings Release

    Sociedad Química y Minera de Chile (SQM) has continued to give a lackluster performance compared to its 2017 rally. The stock is trading almost 4% lower YTD (year-to-date), while peer (LIT) Albemarle (ALB) is down almost 23%, and FMC (FMC) is down almost 7.6% YTD as of May 10.

  • Trending: Oil Climbs to Multi-Year Highs on Iran Sanction Woes
    ETF Database6 months ago

    Trending: Oil Climbs to Multi-Year Highs on Iran Sanction Woes

    U.S. President Donald Trump managed to deal another blow to the markets by deciding to withdraw from the Joint Comprehensive Plan of Action, best known as the “Iran deal”, causing oil to spike to levels not seen in more than three years.

  • Zacks Small Cap Research7 months ago

    WML.V: Wealth Minerals Continues to Advance Properties in its Lithium Portfolio

         ◦ Management anticipates that it will be 24-month process to formally form and efficiently structure a JV partnership for the development and commercialization of two of Wealth Minerals’ projects: Salar de Atacama and Laguna Verde.      ◦ The JV will be 90% owned by Wealth Minerals and 10% owned by ENAMI with free-carried interest.

  • Trending: Pressure Mounts on Facebook as Data Breach Conundrum Deepens
    ETF Database8 months ago

    Trending: Pressure Mounts on Facebook as Data Breach Conundrum Deepens

    The challenging situation surrounding Facebook’s data leak attracted lawmakers and put other technology companies in the limelight this last week. Trump’s latest attempt to reduce America’s large trade deficit with China sparked concerns over retaliation measures aimed at companies exporting grains, particularly soybeans. Inverse volatility made a comeback on the list due to renewed fears of escalating trade tensions, while gold proved its safe-haven status by capturing the attention of investors seeking refuge from agitated markets.

  • Trending: Facebook Plummets as Watchdog Launches Investigation Into Use of Personal Data
    ETF Database8 months ago

    Trending: Facebook Plummets as Watchdog Launches Investigation Into Use of Personal Data

    The high-stakes scandal relating to an investigation into Facebook’s improper use of personal data grabbed the headlines and prompted investors to sell off the stock. Facebook and tech equities both trended this week, coming in first and third on the list. Optimism about a potential NAFTA agreement propelled Canada to second place, while lithium demand is expected to spur a wave of deals in the sector. High yield bonds close the list. Check our previous trends edition at Trending: Trump’s Tariff Orders on Metal Imports Leave Door Open to Exemptions

  • Benzinga8 months ago

    The Long-Term View On Lithium

    After surging more than 64 percent last year to rank as one of 2017's best-performing non-leveraged exchange-traded funds, the Global X Lithium & Battery Tech ETF (NYSE: LIT ) is down more than 8 percent ...

  • Albemarle Gets a Higher Lithium Quota in Chile
    Market Realist8 months ago

    Albemarle Gets a Higher Lithium Quota in Chile

    On March 9, 2018, Albemarle (ALB) announced that Chile’s Economic Development Agency increased the company’s lithium quota. According to the new contract, Albemarle can produce 145,000 metric tons of lithium carbonate equivalent until 2043 in Chile. Albemarle will use its new innovative technology to produce more lithium without pumping additional brine, which could bring down its cost and improve margins.