On May 13, we highlighted it as an opportunity at $50.50. Then, on Oct. 16, we highlighted it again at $93.60. This morning, it’s set to open at $108.71 on its vaccine news.
If you’re in the trade, congratulations. We’d love to hear how you’re doing with it.
As for new opportunities, we are reiterating a buy on Albemarle (ALB).
After a slight pullback to less than $128, the stock looks set to break out to higher highs.
All thanks to the lithium boom. Remember, the world may soon run into another severe lithium supply crunch. The lithium market could also benefit from a Joe Biden victory, noted Albemarle Corp. CEO Kent Masters, as quoted by Bloomberg.
“There’s the incentives, and the emphasis that’s put on electrification and EVs around that. The market side of it would be more favorable with Biden.”