Livent Corporation (LTHM)

by | Sep 3, 2021 | Daily Trade Alerts

On August 31, we highlighted an opportunity in Lithium Americas (LAC) around $19.56. This morning, the stock is set to open at $21.95, and could run aggressively higher, given the supply-demand situation with lithium.

In fact, with lithium demand rising faster than expected, what we’re beginning to see is the potential for long delays in production. Worse, there’s no telling how long EV auto makers will have to deal with inadequate supply, which could send lithium prices even higher.

That being the case, another hot lithium stock you may want to consider is Livent Corporation (LTHM). If LTHM can break above double top resistance around $27, it could see $30 near-term. Analysts love the stock, too. Cowen for example just raised its target to $25 from $19.

According to TheFly.com, “Cowen analyst David Deckelbaum raised the firm’s price target on Livent to $25 from $19 and keeps an Outperform rating on the shares. The analyst said constructive western policy and near-term supply limits are driving lithium and rare earths pricing higher. Given moves toward incentive pricing he has seen a number of new supply initiatives announced but still anticipates a relatively tight market into mid-2025.”

Overheard at Apple’s Secret Meeting…

A thousand people attended…

NO CAMERAS were allowed!

One invitee said every iPhone was wrapped with “tamper-proof stickers” to prevent photographs.

At the event, Apple unveiled a device that “could eventually replace mobile phones.”

Apple codenamed the device “N421”…

But I call it “iPhone Killer.”

To see how you could potentially profit from iPhone Killer…

Early investors: click here before Oct 27 »

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