3 Millionaire-Maker Lithium Stocks to Buy in February 2024

InvestorPlace02-26

It’s time to buy the excessive fear in some of the top lithium stocks. Albemarle (ALB): According to ALB CEO Kent Masters, lithium prices are unsustainable and must rise to supply long-term ...

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Look at lithium stocks, for example, where fear has become unsustainable.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","IE00BD4GTV84.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BMG7P587.USD":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","ALB":"美国雅保","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","FDN":"First Trust Dow Jones Internet I","BK4588":"碎股","BK4550":"红杉资本持仓","IE00BD4GTT62.SGD":"Legg Mason ClearBridge Infrastructure Value A SGD-H (mdis) plus","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","BK4208":"复合型公用事业","BK4545":"锂电池","ALTM":"Arcadium Lithium","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LIT":"Global X Lithium & Battery Tech ETF","IE00BMG7P926.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Acc USD","IE00BMG7P819.SGD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis SGD-H Plus","LU0823414478.USD":"法巴经典能源转换基金","LU1861214812.USD":"Blackrock Future of Transport A2 USD","BK4548":"巴美列捷福持仓","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","PEG":"公务集团","IE00BMG7P694.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis USD Plus","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1548497426.USD":"安联环球人工智能AT Acc","IE00BD4GTW91.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) INC","BK4144":"石油与天然气的储存和运输","BK4109":"特种化学制品","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC"},"translate_title":"2024年2月将买入3只百万富翁锂股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALTM":1,"PEG":1,"LIT":1,"ALB":1,"FDN":0.9},"content_text":"It’s time to buy the excessive fear in some of the top lithium stocks.\nAlbemarle (ALB): According to ALB CEO Kent Masters, lithium prices are unsustainable and must rise to supply long-term investments.\nArcadium Lithium (ALTM): Considered to be one of the biggest lithium companies in the world, the ALTM stock is cheap.\nGlobal X Lithium ETF (LIT): It’s always a good idea to diversify with lithium stocks on the cheap.\n \n\n\n\n \n\nSource: tunasalmon / Shutterstock\n\n\n\nAlways take advantage of excessive fear in the markets. Look at lithium stocks, for example. \nMany of the top lithium names were trampled by oversupply issues, and concerns about electric vehicle demand. But you want to use that fear to your advantage, just as Warren Buffet, Sir John Templeton and Baron Rothschild would tell you.\nSir John Templeton, for example, taught us to buy excessive pessimism. Warren Buffett says that a “climate of fear is your friend when investing; a euphoric world is your enemy.” Even Baron Rothschild once told investors, “The time to buy is when there’s blood in the streets, even if the blood is your own.” \nEventually, lithium prices will push higher again. That’s because, as I noted on Jan. 21, “With some lithium mines shutting down or reducing production we could see less supply. This could help stabilize prices and send lithium prices higher with demand.” If you’ve got the stomach for it, and patience, here are some of the top lithium stocks to start buying now.\nAlbemarle (ALB)\nSource: IgorGolovniov/Shutterstock.comI’ve mentioned Albemarle (NYSE:ALB) about a dozen times over the last several months. \nAnd I’ll probably continue to do so because a good amount of fear has been priced into it and other hot lithium stocks. In fact, with cuts to its demand forecast, falling lithium prices and plummeting electric vehicle sales now priced in, the stock is ridiculously oversold. And, as other investors run scared from ALB on all that news, it’s time to buy the blood in the streets.\nWith a lot of patience, ALB will pay off. After all, according to ALB CEO Kent Masters, lithium prices are unsustainable and must rise to supply long-term investments, as noted by Seeking Alpha. Unless global leaders are going to give up on their green energy dreams, we’ll need all the lithium we can get.\nArcadium Lithium (ALTM)\nSource: Bjoern Wylezich/ShutterStock.comConsidered to be one of the biggest lithium companies in the world, Arcadium Lithium (NYSE:ALTM) is cheap. In fact, at just $4.65 a share, it’s only trading at 6.6x earnings, and with a price to earnings growth (PEG) ratio of just 0.35. Still, ALTM is showing some signs of life, with RSI, MACD, and Williams’ %R starting to pivot higher.\nIn addition, according to President and CEO Paul Graves, “It is clear that very few lithium expansion projects make economic sense at current market prices, and the longer prices stay near these levels the greater the impact will be on future supply shortfalls. As we saw in 2022, this will increase the likelihood of a rapid increase in future lithium prices…” \nAgain that reinforces the idea that with “some lithium mines shutting down or reducing production we could see less supply. This could help stabilize prices and send lithium prices higher with demand.” \nGlobal X Lithium ETF (LIT)\nSource: GrAl / Shutterstock.comOr, as I usually point out, we can diversify at a low cost with an oversold exchange-traded fund, like the Global X Lithium ETF (NYSEARCA:LIT). Over the last few days, the LIT ETF bounced from support at $39.26 to about $42.76. From here, I’d eventually like to see the ETF rest $52, with patience. With an expense ratio of 0.75%, the ETF invests in the complete lithium cycle. That includes mining and refining the metal through battery production.\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.\nIan Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.Energy, Renewable Energy, Battery, LithiumDividend Stocks, Growth 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/2024/02/3-millionaire-maker-lithium-stocks-to-buy-in-february-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":"4.22.4","shortVersion":"4.22.4","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/2414090629"}