Why These 3 Lithium Stocks Should Be On Your Radar in 2024

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Here are three top lithium stocks you may want to buy and hold today. Albemarle (ALB): The lithium giant is severely oversold trading at half of growth. Sociedad Quimica y Minera (SQM): Collect its ...

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And it’s time to get greedy,as Warren Buffett would advise. After considerable downside on lithium supply issues, many of the top lithium stocks are starting to come back strong, with producers still bullish.Better,as noted by Reuters, “In calls with investors and analysts in recent days, lithium producers said they saw the market volatility as short term, adding that they expect electrification to keep growing.”While the ETF struggled for much of 2023, that’s to be expected when other lithium stocks are falling out of the sky. However, with many names starting to recover, so is the LITP ETF. In fact, since early December, the ETF r","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","AMLI":"American Lithium Corp.","LU0823414478.USD":"法巴经典能源转换基金","LU0072463663.USD":"Blackrock Latin American A2 USD","LU1861214812.USD":"Blackrock Future of Transport A2 USD","BK4168":"多种金属与采矿","ALB":"美国雅保","LAC":"Lithium Americas Corp.","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4588":"碎股","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1548497426.USD":"安联环球人工智能AT Acc","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4545":"锂电池","BK4093":"化肥与农用药剂","SQM":"智利矿业化工","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4096":"电气部件与设备","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4548":"巴美列捷福持仓","LTHM":"Livent Corp.","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","BK4550":"红杉资本持仓","LITP":"SPROTT LITHIUM MINERS ETF","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","FDN":"First Trust Dow Jones Internet I","BK4109":"特种化学制品","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H"},"translate_title":"为什么这三只锂股应该在2024年出现在你的雷达上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMLI":1,"SQM":1,"LTHM":1,"LITP":1,"LAC":1,"ALB":1,"FDN":0.9},"content_text":"Here are three top lithium stocks you may want to buy and hold today.\nAlbemarle (ALB): The lithium giant is severely oversold trading at half of growth.\nSociedad Quimica y Minera (SQM): Collect its 8.35% yield while waiting for it to recover.\nSprott Lithium Miners ETF (LITP): Diversification at a low cost.\n\n\n\n\n\n \n\nSource: tunasalmon / Shutterstock\n\n\n\nExcessive fear has created substantial opportunities in lithium stocks. And it’s time to get greedy, as Warren Buffett would advise. After considerable downside on lithium supply issues, many of the top lithium stocks are starting to come back strong, with producers still bullish. \nBetter, as noted by Reuters, “In calls with investors and analysts in recent days, lithium producers said they saw the market volatility as short term, adding that they expect electrification to keep growing.”\nThat being said, investors may want to buy these lithium stocks.\nAlbemarle (ALB)\nSource: IgorGolovniov/Shutterstock.com\nLithium’s 800-pound gorilla, Albemarle (NYSE:ALB), is showing signs of life again. After slipping from a high of about $240 to a low of $110, ALB is back up to $144.48. From here, if ALB can break above resistance at $153, it could refill its bearish gap around $170 shortly. \nBank of America upgraded ALB to a neutral rating, noting the stock is currently undervalued. Last checked, ALB is trading at less than 10x expected earnings, 1.7x sales, and nearly half of growth. \nIn short, ALB offers solid growth potential on the cheap, with a yield of 1.11% to boot. Consider that the pullback in lithium prices is only a temporary issue. Once lithium prices recover, ALB should push aggressively higher.\nSociedad Quimica y Minera (SQM)\nSource: GrAl / Shutterstock.com\nSociedad Quimica y Minera (NYSE:SQM), which I recently mentioned, traded at $60.14. From here, as I also noted, I’d like to see it closer to $72 near term. Plus, as we wait for that to potentially happen, we can collect SQM’s current yield of 8.35%.\nEarnings weren’t so hot recently, with SQM posting lower-than-expected revenue and earnings.  Revenue slipped 38% year over year to $1.84 billion. Net income came in 56% lower year over year to $479.9 million, as EPS crumbled 56% to $1.68 year over year. The good news is most of that earnings negativity has been priced into the stock. Lithium stocks, like SQM, should also recover even more lost ground as lithium prices begin to recover.\nSprott Lithium Miners ETF (LITP)\nSource: Shutterstock\nOr, you can always invest in an ETF for diversification at a low cost. For example, the Sprott Lithium Miners ETF (NASDAQ:LITP). With an expense ratio of 0.65%, the ETF has 49 holdings and trades for just over $121.55 a share. \nWhile the ETF struggled for much of 2023, that’s to be expected when other lithium stocks are falling out of the sky. However, with many names starting to recover, so is the LITP ETF. In fact, since early December, the ETF ran from about $10 to $12.56. With a good deal of patience and growing demand for lithium, it will eventually come back even stronger.\nSome of its top holdings include Albemarle, Livent Corp. (NYSE:LTHM), Lithium Americas(NYSE:LAC), American Lithium (NASDAQ:AMLI) and Ganfeng Lithium(OTCMKTS:GNENF) to name a few.\nOn the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nEnergy, Renewable Energy, Battery, LithiumGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/01/why-these-3-lithium-stocks-should-be-on-your-radar-in-2024/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.5","shortVersion":"4.22.5","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2400864825"}