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February 16, 2022
Markets may be choppy, but there’s plenty of opportunity to be found.
Look at lithium for example.
With electric vehicle demand, and global leaders pushing for a greener future, we need as much lithium as possible. Unfortunately, we don’t have enough supply to meet all of the demand, which means prices could push higher, and take related lithium stocks along for the ride.
Look at Lithium Americas (LAC) for example.
The stock was up more than $2.75 just yesterday after a positive note from JP Morgan. In fact, the firm said there are “lot of catalysts ahead to support [Lithium Americas] stock in a choppy market,” as quoted by the Dow Jones. In addition, the firm sees a positive outcome for the company by the end of the first quarter, with regards to Thacker Pass.
Or, take a look at Albemarle (ALB).
The stock was up $13.53 just yesterday to $241.39, and could race even higher on demand. The company is releasing Q4 earnings after the bell tonight.
Or, if you’re looking for broader exposure to the lithium market, you can always look at the Global X Lithium & Battery Tech ETF (LIT), which invests in the full lithium cycle. Some of the ETFs top holdings include Albemarle, BYD Co., Tesla, LG Chem Ltd., Livent Corporation, and dozens more, offering solid diversification among top lithium and battery tech names.
As long as lithium demand outweighs supply, prices and related stocks could run.
The Dow is down 17 points at the moment to 34,885
The S&P 500 is down a couple points to 4,462.50
The NASDAQ is down about eight points to 14,601.50
Gold prices are up about $2.23 to $1,856.33
Bitcoin is down slightly to $43,797.23
Oil prices are up $1.33 to $93.40
The VIX is down slightly to 25.59
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