Categories: Momentum Trader Alert HotlinesStock Market News

Betting on the Lithium Boom

This week’s Momentum Trading Alert targets the red-hot lithium sector. As I’ve discussed previously in The Global Guru, lithium is a sector with lots of momentum behind it.

Founded in 1994 and based in Charlotte, North Carolina, Albemarle Corporation (ALB) develops, manufactures and markets specialty chemicals worldwide. The company offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride and lithium specialties and reagents for applications in lithium batteries and high performance greases.

Albemarle’s customers are primarily in the consumer electronics, energy storage and automotive sectors.

Albemarle Corporation (ALB) vs the S&P 500 over the past year.

Momentum Trader Alert Analysis

Recommendation

Buy Albemarle Corporation (ALB) at market today, and place your stop at $90.00.

In light of the stock’s sharp move upward last week, I am holding off on recommending options for now.

Portfolio Update

Sincerely,

Nicholas A. Vardy

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.