Lithium leaders Albemarle and Livent rise above key levels.
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Existing home sales fell in August … the two-year treasury yield is soaring … Russia threatens to use nukes … the lithium trade keeps climbing Today, let’s take a breather from the Fed. Instead, let’s look at some important headlines that are likely impacting your wealth. Existing home sales and home prices fell again in August Yesterday, the National Association of Realtors reported that sales of previously owned homes fell 0.4% from July to August. On a year-over-year basis, sales were down 19.9% from August 2021. It’s a sign that the red-hot housing market might finally be cooling off. On the price front, the median price of an existing home sold in August was $389,500. While that’s 7.7% higher than prices one year ago, it’s down from recent months. Here’s CNBC with more: Home prices historically drop from July to August, due to seasonality, but the drop this year was wider than usual, suggesting a significant softening. From June through August, prices usually decline about 2%, but this year they have fallen about 6%. “The housing market is showing an immediate impact from the changes in monetary policy,” said Lawrence Yun, chief economist for the Realtors.
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Lithium names including Albemarle (ALB) and Livent (LTHM) continue to rise as lithium carbonate prices in China rose to record highs on strong electric vehicle demand; both stocks are…
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Monday''s additional top analyst upgrades and downgrades were on APA, Barrick Gold, Canadian National Railway, Canadian Pacific Railway, Livent, Newmont, Occidental Petroleum, Roblox and more.
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Upgrades According to TD Securities, the prior rating for John Hancock Financial Opportunities Fund (NYSE: BTO ) was changed from Buy to Action List Buy. The stock has a 52-week-high of $52.88 and a 52-week-low of $31.95. At the end of the last trading period, John Hancock Finl Opps closed at $35.82. According to RBC Capital, the prior rating for Vale SA (NYSE: VALE ) was changed from Sector Perform to Outperform. Vale earned $1.32 in the second quarter, compared to $1.49 in the year-ago quarter. The stock has a 52-week-high of $21.29 and a 52-week-low of $11.72. At the end of the last trading period, Vale closed at $13.51. According to Raymond James, the prior rating for Enbridge Inc (NYSE: ENB ) was changed from Market Perform to Outperform. In the second quarter, Enbridge showed an EPS of $0.53, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.67 and a 52-week-low of $38.94. Enbridge closed at $41.82 at the end of the last trading period.
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The best rare earth stocks are in the spotlight as the demand for strategic and rare earth metals has been on the rise. The increase comes in part on the back of rising consumer interest in green energy and electric vehicles (EVs). For instance, the VanEck Rare Earth/Strategic Metals ETF (NYSEARCA: REMX ), which provides exposure to businesses that focus on the mining, refining and manufacturing rare earth/strategic metals, has declined 12% since the beginning of 2022. By comparison, benchmark indices the S&P 500 and the Dow Jones Industrial Average are down 10.2% and 7.1%, respectively. By technical definition, rare earth elements include 17 metallic elements, most of which come from the periodic table. They are widely used to make tech products, ranging from consumer devices to lasers and radar systems. These elements are especially crucial to the transition to a greener economy, as they are used in wind turbines and EV batteries. Recent research suggests the rare earth metals market size can reach $15.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.1%.
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The lithium craze has reached new heights, with prices for the element skyrocketing more than 400% in the past couple of years. Electric vehicle (EV) sales are on an upswing, and investors have flocked to companies that produce them as their investment of choice. Lithium batteries are critical for the proliferation of EVs, which is why investors have gravitated toward the best lithium stocks to buy. With the increasing demand for lithium-ion batteries as well as energy storage systems that save power from being lost during distribution, some estimates point to a doubling of this mineral in the next few years. The U.S., through its Infrastructure Investment and Jobs Act, set aside $5 billion in federal funding for EV charging stations. The goal is to get EVs to account for 50% of new auto sales by the conclusion of this decade. Best Lithium Stocks: Lithium Americas (LAC) Source: Wirestock Creators / Shutterstock.com Lithium Americas (NYSE: LAC ) is a lithium mining startup that is currently in the pre-revenue stage.
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The Inflation Reduction Act is likely to pass … who are the losers? … a picks ‘n shovels EV winner … a green energy technology that will benefit The Inflation Reduction Act is on track to become a reality. On Sunday, the $430 billion bill passed the Senate along party lines by a 51-50 vote, with Vice President Kamala Harris casting the tie-breaker. It’s now headed to the House of Representatives, where it will be voted on most likely this Friday. Given that Democrats control the House, the bill is expected to pass, with President Biden signing it into law shortly thereafter. So, how will this affect your portfolio? Well, we see some great opportunities here. But first, there are some losers too. Losers of the Inflation Reduction Act Off the top, any large corporations that have been able to use accounting to sidestep or reduce their tax load will get dinged. That’s because the bill imposes a 15% minimum tax on companies earning at least $1 billion a year. As a few examples, if you own Nike, Salesforce.com, Archer Daniels Midland, or FedEx, this means your bottom-line earnings will be taking a hit.
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Investors watched electric vehicle (EV) stocks rise monumentally through the pandemic only to taper off as the realities facing the sector continue to take shape. Slump considered, it’s fair to conclude that electric vehicles are here to stay — as well as the cheap lithium stocks whose products are key to EV manufacturing. In fact, a recent statistic points to the fact that EVs now comprise more than 5% of the automotive market share. That’s an important number because to many, it represents something of a tipping point. That means EVs are likely to be a permanent fixture in the automotive industry regardless of individual opinion. That brings us to lithium, a dominant material in the manufacturing of electric vehicles. Given that EVs are here to stay, lithium stocks are pick-and-shovel investments worth considering. Let’s jump into the equities in the sector that have upside and strong market positions. LAC Lithium Americas Company $28.72 SLI Standard Lithium $5.90 ALB Albemarle $246.
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https://www.investing.com/news/stock-market-news/livent-profit-jumps-on-rising-lithium-prices-2022-forecast-raised-2860972
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-- Record Financial Performance Achieved in Second Quarter -- -- Entered into Long-Term Supply Agreement with General Motors -- -- Raises 2022 Full Year Revenue and Adjusted EBITDA Guidance -- PHILADELPHIA, Aug. 2, 2022 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today reported…
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Lithium stocks erupted after Q1 results. What will the Q2 reporting period hold for Livent and Albemarle?
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Although the burgeoning electric vehicle industry organically excites investors, the reality is that infrastructural plays may be more reliable in the long run. Therefore, those who anticipate the broader electrification of mobility may want to focus their attention on undervalued lithium stocks to buy now. First, the companies that mine and produce lithium enjoy a remarkably strong demand profile. As Time recently stated, prices for the underlying commodity are up 400% . Further, experts note that supply will get worse before it gets better, creating significant implications for the EV market. Since EVs can’t go anywhere without lithium, this dynamic fosters a cynically compelling backdrop for undervalued lithium stocks to buy now. Second, while acquiring individual EV manufacturers may yield the greatest profitability potential, this strategy comes with one major caveat: you’ve got to guess correctly. With the number of sector participants constantly rising, it’s difficult to predict who will ultimately come out on top. 7 Cheap Stocks That Are Trading at a Discount But with undervalued lithium stocks to buy, you’re dealing with broader needs rather than specific consumer tastes.
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Today I am discussing the six most aggressive growth stocks to buy in July. They reflect huge potential growth in their sales and/or their earnings. That means their valuations may be quite high, reflecting optimism about that growth. Aggressive growth stocks tend to get bid up due to the market’s enthusiasm over the company’s future prospects. Typically, this relates primarily to sales growth trajectories. As a result, many of these stocks have high price-to-sales multiples. Moreover, in many cases, the high-growth stock does not have positive earnings yet. Or it may have very low adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) figures. As a result, the price-to-adjusted EBITDA, or enterprise value (EV)-to-adjusted EBITDA multiples typically are high. EBITDA is sort of a “poor man’s earnings.” It cuts corners to try to show that the company has positive income. But that company’s actual net income, and even its cash flow, are often negative. For example, by cutting out the real cash costs of interest and taxes, which most companies have to pay, EBITDA shows profitability.
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Goldman Sachs just made lithium stocks even more attractive. Just days ago, the firm said that lithium prices could fall about 10% this year, and as much as 73% next year. But they’re wrong. For one, as noted by Bloomberg , “Benchmark disputes Goldman’s forecast that a flood of new production is on its way, and that prices will crater as a result.” Benchmark also says the lithium market will remain short until 2025. Moreover, Bloomberg also noted that “Matt Fernley, the London-based managing director at Battery Materials Review, an industry researcher, said the sell side reports are ‘massively over-estimating’ the ease of adding new supply, and failing to consider the complexity of bringing new assets into production and the qualification requirements.” Meanwhile, Time Magazine contributor Emily Barone added that “[w]hile the Earth has plenty of lithium to go around, the supply needs to be extracted from brine pools and underground reserves, and current mining operations aren’t sufficient to keep up with the auto industry’s growing needs.” So, if you believe lithium prices are coming down soon, I have a bridge to sell you.
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A shortage of battery metals slows down EV growth … EVs remain “the future,” but the present is oil and gas … why aren’t there new refineries coming online today? Global growth of electric vehicles is hitting a snag. Legendary investor Louis Navellier just experienced this when he tried to purchase a new Audi electric vehicle, yet was told by his local dealer that they’re not taking new orders for the e-tron GT. And why not? It has to do with something we’ve highlighted before here in the Digest : the shortage of key battery metals. Let’s jump to Louis’ recent issue of Market 360 for more: The lithium-ion battery shortage is now becoming increasingly obvious as companies struggle to cope with high lithium, nickel and cobalt prices, which threatens to postpone the electric vehicle revolution. According to Benchmark, raw materials now account for 80% of the cost of a lithium-ion battery, up from 40% in 2015. Specifically, Benchmark noted that materials for the battery cathode, such as lithium, cobalt and nickel, have collectively gained about 150% in the past year, including 25% to 30% in the past month!
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Livent (LTHM) and SQM(SQM) surged to new all-time highs in Friday''s trading, leading a strong showing for lithium mining shares (LIT) as prices have skyrocketed nearly 500% during the…
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Gainers Rail Vision Ltd. (NASDAQ: RVSN ) shares climbed 62.4% to close at $2.16 on Wednesday after gaining around 5% on Tuesday. TransMedics Group, Inc. (NASDAQ: TMDX ) jumped 40.3% to close at $30.69 after better than expected Q1 earnings and 2022 guidance. Aclarion, Inc. (NASDAQ: ACON ) jumped 36.6% to settle at $2.35 after declining over 5% on Tuesday. The company had its IPO on April 22. Alaunos Therapeutics, Inc. (NASDAQ: TCRT ) jumped 36% to settle at $0.7547 after jumping around 13% on Tuesday. Bright Health Group, Inc. (NYSE: BHG ) gained 33.3% to close at $2.24 after the company reported better-than-expected Q1 sales results and reaffirmed FY22 guidance. Super Micro Computer, Inc. (NASDAQ: SMCI ) climbed 31.2% to settle at $30.69 after the company reported better-than-expected Q3 EPS and sales results and raised Q4 guidance. Livent Corporation (NYSE: LTHM ) gained 30.3% to close at $28.55 after the company reported better-than-expected Q1 results and raised FY22 guidance. AIkido Pharma Inc. (NASDAQ: AIKI ) jumped 30.1% to settle at $0.4622.
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