2 days ago
Jim Cramer on Albemarle: 'It's Too Volatile'
Albemarle Corporation (NYSE:ALB) is one of the stocks on Jim Cramer's radar. During the lightning round, a caller asked about the company, and Cramer commented:
'No, it's too, we're not going to go there. It's too volatile and too hard to actually nail down. I'm going to say skip that one.'
A man in black suit holding a tablet looks at stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels
Albemarle Corporation (NYSE:ALB) produces lithium compounds and other specialty chemicals for applications in energy storage, mobility, and other industrial uses. The company also provides catalysts, bromine products, and recycling services. Cramer mentioned the company in a June episode and said:
'Next is Albemarle. This is a chemical company that produces lithium. I honestly don't know where this one's coming from. We haven't suddenly seen a surge in electric vehicle sales that I've seen, or any tax credits in the Congressional bill. It's a broadening out mystery, could be happening.'
While we acknowledge the potential of ALB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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