Prefer to view this content on our website? Click here.
Dear Fellow Investor,
Investors should pay close attention to lithium stocks, we said on September 13.
At the time, we added that, “Exxon has also said the world urgently needs significantly more lithium than its producing. Two, with lithium mines closing or being delayed, supply will begin to dry up. Then, just as we saw in 2022, lithium prices will explode higher again when demand returns. Three, China’s Contemporary Amperex Technology could soon suspend some lithium mining and production operations.”
Company: Albemarle (SYM: ALB)
With that, we highlighted opportunity in Albemarle (SYM: ALB), which would run from about $88 to its current price of $93.66. From here, if ALB can break above current resistance, it could retest $100 short term. Even better, as the lithium giant recovers, investors can collect its current yield of 1.72%. It’s next dividend payment of $0.405 will be paid October 1 to shareholders of record as of September 13.
Streetlight Confidential
Under-the-radar stock poised to solve $435 billion oil and gas crisis
The oil and gas sector is grappling with a little-discussed crisis that has created a $435 billion opportunity for the companies that can solve it.
Better yet, investors who buy those companies now — before this crisis starts making headlines — could make significant profits.
Download Free Report
Company: Sociedad Quimica Y MIinera (SYM: SQM)
We also highlighted opportunity in Sociedad Quimica Y Minera (SYM: SQM), which traded at $38.40 on September 13. Now up to $40.73, we’d like to see it retest $43 near term. SQM yields about 5.15% at the moment. In addition, in its recent earnings release, the company’s EPS of 75 cents did miss by 25 cents. However, revenue of $1.29 billion did beat by $50 million. Plus, SQM saw record high quarterly sales volumes in lithium with 52,000 metric tons.
Trading Tips
5 stocks that can double in 2024
Our friends at Trading Tips have carefully selected 5 stocks that they think have the potential to double in 2024 and compiled them into a free report for you. It’s designed to be clear and helpful, without any unnecessary fluff.
Access your free report by clicking the link below and you also get a free subscription to their newsletter, providing daily trading & investing ideas on all the hottest trends!
Download your free report that reveals the 5 stocks that could double in value in 2024.
(By clicking this link you agree to receive emails from Trading Tips and it's affiliates. You can opt out at any time.)
ETF: Amplify Lithium & Battery Technology ETF (SYM: BATT)
There was also the exchange-traded fund (ETF), Amplify Lithium & Battery Technology ETF (SYM: BATT). With an expense ratio of 0.59%, the BATT ETF provides exposure to global companies that develop, produce and use lithium battery. At the time, the ETF traded at about $8.40. Today, it’s up to $9.35.
With a good amount of fear now priced in, these are still some of the best lithium stocks to buy and hold for the long haul.
Datalign Advisory
Ready for Election Impact? Act Now to Secure Your Finances!
As we approach this crucial election season, staying informed about political changes is essential, but so is understanding how these changes might affect your financial future.
Click here to get started now.
Tidak ada komentar:
Posting Komentar