- InvestorPlace
Wall Street Favorites: 3 Lithium Stocks With Strong Buy Ratings for May 2024
Weakness is becoming opportunity for down, but not out lithium stocks to buy. Look at Albemarle (NYSE:ALB), for example. Since bouncing from triple bottoming support at around $110, ALB is now up to $131.51. From here, if it can break above resistance at $140, it could retest $150 shortly after. Helping, lithium prices are finally showing signs of bottoming out after months of downside. Better, according to analysts at Canaccord Genuity, lithium prices and related stocks are “poised to rebound b
- InvestorPlace
The 3 Best Lithium Stocks to Buy in May 2024
With the fallout in the electric vehicle sector, talking about the best lithium stocks to buy might seem premature. Nevertheless, lithium is more than just EVs. To be sure, the EV sector represents a major consumer of the critical metal. However, myriad other industries also utilize the commodity. They include consumer electronics, medical devices, aerospace and industrial applications, to name but a few. So, over the long run, lithium should make a recovery. Factor in the possible recovery of t
- InvestorPlace
Stock Market Crash Alert: 3 Must-Buy Lithium Stocks When Prices Plunge
Investors should keep an eye out for lithium stocks to buy, as they could be poised to rise in the near term. Lithium is used to make batteries for electric vehicles and consumer electronics. The public companies that mine the rare earth mineral have hit major lows over the past 12 months. Oversupply in the broader lithium market as well as waning demand for electric vehicles led to plummeting prices for the rare earth mineral. Looking at movements in lithium carbonate prices in 2024, things see
