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Tag: Albemarle Stock

  • Early Morning Vibes: 4 Trending Stocks To Watch Right Now

    Early Morning Vibes: 4 Trending Stocks To Watch Right Now

    On February 12, American stock markets closed in the green. The S&P 500 Index climbed 0.47% to 3935 points, the NASDAQ rose 0.50%, and the Dow Jones added a symbolic 0.09%. Prospects for the adoption of another fiscal stimulus program in the States continued to support quotations. The healthcare sector outperformed the market, climbing 0.75% on a positive Illumina report. The finance sector grew 0.95% on the back of rising Treasury yields.

    Company news

    Illumina (ILMN: + 11.9%) quarterly results exceeded expectations on strong demand for DNA instruments.

    PayPal (PYPL: + 4.7%) expects to double the number of users of the payment system by 2025 from its current 377 million, tripling the volume of transactions.

    HubSpot (HUBS: + 16.4%), a cloud-based marketing and sales solutions provider, delivered strong reporting on the digitalization trend in small and medium-sized businesses.

    Today, global stock markets are showing mixed dynamics. The news background remains quite calm. Market participants’ optimism is boosted by the improved epidemiological situation in Europe and the USA, accelerated vaccination, and the prospects for fiscal stimulus. The seven-day average number of coronavirus cases in the United States for the first time since November fell below 100 thousand, and the number of hospitalized people fell from 80 thousand to 65 thousand in just a week. The situation is improving in all 50 states. Pessimists expect new outbreaks of disease due to the spread of virus mutations, however, if the current positive trends continue, the anticoid restrictions will begin to be lifted everywhere pretty soon.

    Joe Biden plans to make his first trip outside Washington as president today. He will deliver a speech in Wisconsin on the fiscal stimulus package. The president is also expected to speak out on the pandemic and its impact on the US economy. The purpose of the speech is ultimately to speed up the negotiating process in Congress. No new information is expected, but the broadcast of the president’s speech may have a positive effect on the sentiment of private investors, whose share in trade turnover continues to increase.

    The Freedom Finance Sentiment Index climbed to 71 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Worries about the negative impact of the coronavirus pandemic continue to ease thanks to the prospect of mass vaccinations.

    Technically, the S&P 500 remains in an uptrend. Resistance at its upper boundary is still a significant obstacle. A breakthrough of this resistance at 3950 points will mean an acceleration of growth. However, the RSI indicator is already close to the overbought level, so the positive potential in the short-term is limited.

    Today Top Movers

    Strongbridge Biopharma plc (SBBP) share price jumped 53.01% to $5.08 during the early morning ‎trading session on ‎Tuesday.‎ 

    ‎Socket Mobile Inc (SCKT), a Computer Hardware company, soared about 72.44% ‎at $5.59 in pre-market ‎trading Tuesday after the company launched the first enterprise-grade scanners for Apple iPhone 12 series. 

    ‎Denison Mines Corp (DNN) stock ascended 17.11% at $1.30 in the pre-market trading today.‎‎ 

    ‎Sundial Growers Inc (SNDL) gained over 9.13% at $2.27 in pre-market ‎trading on Tuesday.‎‎

    Top Upgrades & Downgrades

    Wells Fargo turned bullish on Extraction Oil & Gas Inc. (XOG), upgrading the stock to “Overweight” and assigning a $38.0 price target, representing a potential upside of 19.5% from Friday’s close. 

    Anaplan Inc. (PLAN) has won the favor of Morgan Stanley’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $100.0, suggesting a 21.49% additional upside for the stock. 

    Albemarle Corporation (ALB) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $190.0. They changed their rating on ALB to Buy from Hold in a recently issued research note. 

    Earlier Sunday Baird reduced its rating on American Express Company (AXP) stock to Neutral from Outperform and assigned the price target to $126. 

    Baird analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Republic Services Inc. (RSG) has been changed to Neutral from Outperform and the new price target is set at $96. 

    Analysts at Baird downgraded Waste Management Inc. (WM)’s stock to Neutral from Outperform Tuesday.

    Latest Insider Activity

    Iterum Therapeutics plc (ITRM) 10% Owner DENNER ALEXANDER J announced the sale of shares taking place on Feb 12 at $2.27 for some 10,619,949 shares. The total came to more than $24.11 million. 

    Uber Technologies Inc. (UBER) Hazelbaker Jill sold on Feb 12 a total of 126,953 shares at $60.12 on average. The insider’s sale generated proceeds of almost $1.25 million. 

    InspireMD Inc. (NSPR) Director Kester Thomas J declared the purchase of shares taking place on Feb 08 at $0.62 for some 120,960 shares. The transaction amount was around $74995. 

    Dun & Bradstreet Holdings Inc. (DNB) Chief Financial Officer Hipsher Bryan T. bought on Feb 11 a total 9,000 shares at $23.30 on average. The purchase cost the insider an estimated $116,500.

    Important Earnings

    Top US earnings releases scheduled for today include Sabre Corporation (NASDAQ: SABR). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.66 per share from revenues of $328.57M in the three-month period. 

    Analysts expect Genworth Financial Inc. (NYSE: GNW) to report a net income (adjusted) of $0.22 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $2.06B. 

    Occidental Petroleum Corporation (OXY), due to announce earnings after the market closes today, is expected to report earnings of -$0.58 per share from revenues of $4.37B recently concluded three-month period.

  • Are These The Best Battery Stocks To Buy This Year

    Are These The Best Battery Stocks To Buy This Year

    The past year has been the tipping point for the world of electric vehicles. Stocks in the electric vehicle industry made huge gains while traditional gas and oil companies suffered. And since electric vehicles are becoming so popular, battery stocks are also gaining momentum because without them there would be no electric vehicle industry. Battey stocks and those related to them are also largely dependent on companies which are refining and also mining lithium which is then used in the development of lithium ion batteries. As the era of electric cars is coming in fast, these battery stocks are getting increasingly popular:

    Albemarle Corporation (NYSE: ALB)

    Albemarle Corporation (ALB)‎ is a North Carolina-based company that claims to be a leading global producer of Bromine, Lithium, and Catalyst solutions. It has operations in more than 100 countries and has more than 5,400 employees. And while it has major stakes in lithium production and is also the largest lithium producer, it does not mine the lithium itself. Instead, it turns the raw material into usable material for battery manufacturers and since there are heavy restrictions on raw lithium, companies like Albemarle have a large monopoly due to their specialty chemicals.

    And since the demand for electric vehicles is on the rise, the demand for electric vehicles is expected to triple which will bring a huge expected raise in ALB’s stocks which have already doubles since the last year started. In the last 12 months leading up to September, in revenues, Albemarle collected more than $3.2 billion. Even during the pandemic, it proved itself to be a profitable firm with $1.09 profits per share in the third quarter of 2020. It is even predicted by the firm that it in fiscal sales this year, it will earn between $3.05 billion to $3.15 billion.

    Sociedad Quimica y Minera de Chile (NYSE: SQM)

    Sociedad Quimica y Minera de Chile ‎(SQM)‎ is a Chile based company which has recently emerged as one of the best battery stocks in the market, particularly due to its resilient commercial scale supplies capabilities. And while its name puts off certain investors, it is not a new or emerging startup. But Chile possesses the world’s largest lithium reserves, with 8.6 million metric tons of lithium which more than three times than those of Australia. It can easily be seen that Chile based companies will be leading the future in lithium sources and production.

    SQM has been producing positive free cash flows each year for the past ten year at least by now and has a strong record. Its annual sales last year were $1.8 billion and its balance sheet has debt which is lower than even that of Albemarle.  In the third quarter of last year, Sociedad Quimica produced over 17,600 metric tons lithium which was $0 per cent increase over quarter. This proves that the company managed to stay profitable even during the pandemic.

    Livent Corporation (NYSE: LTHM)

    Livent corporation ‎(LTHM)‎ is a Philadelphia based lithium company which is largely focused on innovative production of performance lithium compounds. And since lithium ion batteries are used in the production of batteries for electric vehicles, different household application, and even medical gear, ‎LTHM is a hot stock. One of the main advantages of Livent is that it is also involved in providing light weight lithium metal products to both, the aerospace industry and the military. This means that even if the progress for electric vehicles suffers, Livent will remain stocks.

    The company is also involved in providing lithium-based polymers for the manufacturing of green products such as modified asphalt. It is also a producer of lithium lubricants. In 2020, Livent was awarded Gold Status by EcoVadis, the Global CSR rating agency, for its sustainability performance. Livent is also involved in the development of the Thacker Pass project in the United States which has the potential to be the leading source of lithium on a large scale.