iShares Lithium Miners and Producers ETF에 대한 매도 수량은 투자자에게 iShares Lithium Miners and Producers ETF의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT), 공매도 수량 보고

Basic Materials

Other

Consumer Cyclical

Industrials

Communication Services

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The Fund seeks to track the investment results of the STOXX Global Lithium Miners and Producers Index (the Underlying Index), which has been developed by STOXX Ltd.. The Underlying Index is composed of U.S. and non-U.S. equity securities selected from the STOXX Global Lithium Universe Index (the Parent Index). The Parent Index is composed of large-, mid- and small-capitalization stocks from developed and emerging markets. The Underlying Index captures the performance of equity securities of companies involved in lithium ore mining and/or lithium compounds manufacturing.

Arcadium Lithium Plc

Sociedad Quimica Y Minera De Chile S.A. (Adr)

Pilbara Minerals Limited

Albemarle Corp.

Cosmoam&t Co Ltd

Lithium Americas Corp

iShares Lithium Miners and Producers ETF

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iShares Dow Jones US Broker Dealers Index Fund

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IDGT

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

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ILIT

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Select Sector SPDR-Consumer Discretionary

4월을 마무리하면서, 이번달에 가장 성과가 뛰어난 섹터와 산업 교환 펀드들을 순위화 할 시간이다.



주가를 더 넓은 시각에서 보면, S&amp;P 500 지수는 SPDR S&amp;P 500 ETF 트러스트(NYSE:SPY)로 표현되는 4월에 약 3% 하락하여 4월을 마감했다. 이로써 지난 5개월간 상승 기간이 끝난 셈이다.  



유사하게 Invesco QQQ

월가에 소나기 내린 4월: 우울한 시장에 광업 및 유틸리티 부문이 상승하며 부상

<ul>
<li>Delay in filing form 20F has been due to the significant strategic changes pursuant to a previously announced strategic review</li>
<li>Notification does not affect the Company's current listing status</li>
<li>Company has been provided until 20 January 2025 to submit a plan to regain compliance</li>
<li>VivoPower is targeting filing its 20F before the end of this month and will regain compliance upon such filing</li>
</ul>

News

VVPR

Reported Friday, VivoPower Granted Until January 2025 To Submit Nasdaq Compliance Plan Amid Strategic Changes

Offtake for a minimum of 32,000 tonnes of NOVONIX's high-performance synthetic graphite material to be supplied to PowerCo from 2027-2031

Nuveen California Dividend Advantage Municipal Fund 2

Reported Sunday, NOVONIX Secures 32,000-Tonne Offtake Agreement With Volkswagen's PowerCo For Synthetic Graphite Supply

Peabody (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTU#NYSE">BTU</a>) today announced it has agreed to acquire world-class steelmaking coal assets from Anglo American plc in a transaction that meaningfully accelerates Peabody's strategy to reweight its global coal portfolio toward seaborne metallurgical coal. The transaction is expected to close mid-2025, subject to customary closing conditions.
In consideration for the transaction:
<ul>
<li>Peabody has agreed to pay cash of $2,320 million, comprised of cash of $1,695 million at closing and deferred payments of $625 million payable in four annual installments commencing on the first anniversary of the completion date.</li>
<li>Peabody has also agreed to further contingent payments of up to $1.0 billion, subject to potential favorable future events.</li>
<li>Proceeds to Anglo American would also include $455 million made possible by the acquisition of Dawson Mine by PT Bukit Makmur Mandiri Utama in a back-to-back transaction.</li>
</ul>
"This transformative transaction presents a rare opportunity for Peabody to acquire premier steelmaking coal assets at a compelling valuation as we reweight our portfolio toward seaborne metallurgical coal," Peabody President and Chief Executive Officer Jim Grech said. "The transaction is strategically aligned, immediately accretive and highly synergistic, positioning us to better serve the best metallurgical coal demand centers in the world. This transaction gives us a strong foundation to position the company for long-term success."
"We are delighted to agree to the sale of this portfolio of world-class steelmaking coal assets to Peabody, and we look forward to working together with the Peabody team and with our workforce, local communities, government, customers and partners to ensure a successful transition," Anglo American Chief Executive Duncan Wanblad added.
The acquisition includes four metallurgical coal mines – Moranbah North, Grosvenor, Aquila, and Capcoal – located in Australia's Bowen Basin, which is widely recognized for the world's highest-quality steelmaking coal. Approximately 80 percent of the mines' output is hard coking coal. The mines are complementary to Peabody's existing Australian platform, including Centurion Mine, and are expected to produce approximately 11.3 million tons of primarily hard coking coal in 2026. The acquired mines have an average mine life greater than 20 years with 306 million tons of marketable reserves and an additional 1.7 billion tons of coal resources.2
The acquisition is expected to transform Peabody's metallurgical coal segment, increasing metallurgical coal production from an estimated 7.4 million tons in 2024 to an expected 21 – 22 million tons in 2026.
Strategic and Financial Benefits
Peabody believes the acquisition demonstrates multiple compelling strategic and financial benefits, as the transaction:
<ul>
<li>Increases exposure to premium hard coking coal and key high-growth markets: With a greatly expanded Australian metallurgical coal portfolio, Peabody will be poised to meet increasing demand in Asian markets, which represent the entire growth in global steel demand over the past decade and the vast majority of all projected growth in metallurgical coal demand through 2050. The acquired assets' coal quality and proximity to key markets in Asia provides substantial opportunities to better serve customers.</li>
<li>Creates opportunity to capture substantial synergies: Peabody expects significant estimated synergy opportunities of approximately $100 million per year to be realized through efficiencies from office rationalization, selling, general &amp; administrative savings, and marketing opportunities.</li>
<li>Enhances margins and through-the-cycle performance: The acquired assets' coal quality will upgrade Peabody's metallurgical coal platform and is superior to the peer average. Assuming consensus hard coking coal prices of $225 per metric ton, Peabody anticipates Adjusted EBITDA margins3 of $65 to $70 per ton on the anticipated 11.3 million tons of 2026 coal sales attributable to the acquisition.</li>
<li>Bolsters Peabody's attractive financial profile: The company expects the transaction to be meaningfully accretive to cash flows across all time periods on a levered operating cash flow less CapEx basis. The transaction implies an attractive 3.1x times enterprise-value-to-2026 EBITDA multiple. The company also believes the increased exposure to metallurgical coal creates the potential for a favorable re-rating of the company's valuation, given stronger multiples for metallurgical coal producers with long-lived assets.</li>
<li>Accelerates company's sustainability and emission target ambitions: Peabody continues to strengthen its sustainability through a number of activities, including reweighting its portfolio toward steelmaking coal, joint venture initiatives to develop solar power and battery storage on former mine lands, and fully funding final reclamation obligations. Additionally, after achieving its first reduction targets for Scope 1 and 2 emissions, the company's Board of Directors intends to establish new long-term targets including the newly acquired assets in the coming months.</li>
</ul>
"This value-enhancing acquisition builds upon actions we have taken in recent years to strengthen our balance sheet and expand shareholder returns. Subsequent to the transaction closing, we anticipate continuing our shareholder return program based on available free cash flow, while a portion of cash flows will be used to fund the transaction during the deferred payment period," Peabody Chief Financial Officer Mark Spurbeck said. "Once we fully integrate the acquired metallurgical coal assets into our seaborne portfolio, we will have an even stronger platform to provide significant value upside to our shareholders."
Additional Transaction Details
Peabody's acquisition is contingent on regulatory approvals, clearance of pre-emption rights by minority partners of the assets, and other customary closing conditions.
The company has secured a bridge facility commitment to finance the acquisition. The company intends to obtain permanent financing in lieu of borrowing under the bridge facility and targets a debt-to-EBITDA ratio ceiling of approximately 1.5x.
The transaction agreement provides for an upfront cash payment of $1,695 million, as well as $625 million of deferred cash consideration to be paid over a four-year period4, $450 million of contingent consideration based on the successful restart of Grosvenor5, and up to $550 million of contingent consideration based on a revenue sharing agreement over a five-year period6.&nbsp;All referenced transaction components exclude the Dawson Mine, which Indonesia's PT Bukit Makmur Mandiri Utama (BUMA) has agreed to acquire for total consideration of $455 million ($355 million upfront cash and $100 million in four annual installments commencing on the first anniversary of the Dawson transaction completion date), subject to pre-emption rights and other customary closing conditions.
"Peabody appreciates the shared values of Anglo American across safety, sustainability, productivity and social license matters, and we look forward to welcoming the experienced employees related to these assets to the Peabody team," Mr. Grech said. "We also look forward to again teaming up with the leading global partners who share not only ownership interests in these mines but also our view of the long-term value of these assets."

Peabody Acquires Premier Steelmaking Coal Mines For $2.3B And Up To $1B Earnout, Targets Global Market Expansion

Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) ("Rocket Lab" or "the Company"), a global leader in launch services and space systems, today successfully launched its 56th Electron mission, deploying five satellites to Low Earth Orbit for French Internet-of-Things (IoT) constellation operator Kinéis.
Rocket Lab's Electron rocket lifts off the pad at Launch Complex 1 to deploy satellites to orbit for French constellation operator Kinéis. The launch was the company's second in less than 24 hours. Image credit: Rocket Lab and Rory Gannaway
The "Ice AIS Baby" mission lifted-off from Rocket Lab Launch Complex 1 in Mahia, New Zealand at 4:55 pm on 25 November NZDT (03:55 UTC), successfully deploying five satellites to a 643 km low Earth orbit. The mission was Rocket Lab's 14th mission of 2024 and 56th launch overall. It also brought the total count of satellites deployed by Rocket Lab to 203, further cementing Electron's position as the leading small launch vehicle globally. The launch took place just 21 hours and 55 minutes after Rocket Lab completed a successful mission from Launch Complex 2 in Virginia, setting a new company record for fastest turnaround between launches.
Rocket Lab founder and CEO Sir Peter Beck said: "Two successful launches less than 24 hours apart from pads in different hemispheres. That's unprecedented capability in the small launch market and one we're immensely proud to deliver at Rocket Lab. Customers like Kinéis are unlocking the potential of space and we're excited to give them the keys to do so with frequent, dedicated, and reliable small launch opportunities."
Kinéis CEO Alexandre Tisserant, says: "The Kinéis teams have once again demonstrated their technical capabilities as satellite operators by taking control of these five new satellites at a sustained launch rate. This achievement would not have been possible without Rocket Lab's Electron precision in placing our satellites in their planned positions. With 15 Kinéis satellites now in orbit, we're one step closer to the full deployment of our dedicated IoT constellation for transmitting data in near-real time, anywhere on the globe. Congratulations to all our teams, who are doing an incredible job - and, let's not forget, a European first! We're equally enthusiastic about our second mission, AIS. In a rapidly consolidating market, Kinéis is establishing itself as a sovereign European player, combining technological expertise and strategic independence. With our new AIS offering, we provide maritime players with enhanced visibility over their fleets, while ensuring higher data reliability."
The "Ice AIS Baby" mission was the third of five dedicated Electron launches for Kinéis, a company backed by private and public investors including the French government's space agency CNES (Centre National d'Études Spatiales) and CLS (Collecte Localisation Satellites), an international space-based solutions provider, to improve global IoT connectivity. The Kinéis constellation is designed to make it possible to connect and locate any connected object anywhere in the world, enabling data transmission to users in near-real time, at low bit rates and with very low energy consumption. By enabling internet connection to the Earth's most remote locations, Kinéis constellation can support forest fire detection, water resource management, infrastructure and energy network monitoring, transport and logistics tracking, and much more.

RKLB

Rocket Lab Launches Five Kinéis Satellites, Advancing Global IoT Connectivity

A DHL (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DHLGY#OTC">DHLGY</a>) cargo plane crashed into a house near Vilnius, Lithuania, Monday morning, killing at least one person. 
What Happened: Lithuanian broadcaster LRT reported two people were hospitalized, with one later pronounced dead. The Boeing Co&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) Boeing 737 aircraft, operated by Swiftair, was en route from Leipzig, Germany, to Vilnius Airport, <a href="https://apnews.com/article/lithuania-dhl-cargo-plane-crash-ff6382bb359c64ca2a345d50e523c396">reported</a> the Associated Press.
Authorities have not determined the cause of the crash, though weather conditions included freezing temperatures and pre-dawn clouds. Emergency services responded, and DHL Group and Swiftair have not commented. 
The 31-year-old aircraft struck a two-story home near the airport. Older planes are common in cargo operations but may raise safety questions, according to the report.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42156160/palantir-price-target-raised-to-75-by-dan-ives-amid-288-ytd-surge-analyst-calls-2025-a-primetime-year-for-ai">Palantir Price Target Raised To $75 By Dan Ives Amid 288% YTD Surge: Analyst Calls 2025 A &#8216;Primetime&#8217; Year For AI</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

DHLGY

DHL Cargo Plane Crash In Lithuania: 1 Dead, 2 Injured As Aircraft Strikes House Near Vilnius Airport

<ul>
<li>Consideration of 0.1412 shares of ONEOK common stock&nbsp; for each outstanding publicly held EnLink common unit</li>
<li>On Oct. 15, 2024, ONEOK announced the successful completion of its acquisition of Global Infrastructure Partners' (GIP) entire interest in EnLink for a total cash consideration of approximately $3.3 billion.</li>
</ul>

ENLC

Reported Sunday, ONEOK To Acquire Remaining EnLink Units In $4.3B Stock Deal, Strengthening Energy Midstream Operations

<ul>
<li>100 Sets of Fuji Vehicle Body Materials Shipped to FF ieFactory in Hanford, California.</li>
<li>First Two FX Prototype Mules Ready for Shipment to Los Angeles.</li>
</ul>

FFIE

Reported Sunday, Faraday Future Gears Up FF 91 2.0 Production With 100 Fuji Body Parts And FX Prototype Launch

HIVE

HIVE Digital's Green Energy Drive And AI Expansion Win Shareholder Support Ahead Of Key Meeting

<ul>
<li>The PATHWAY HER2 (4B5) test helps to identify patients with previously-treated,&nbsp;unresectable or metastatic HER2-positive biliary tract cancer (BTC) who may be eligible for treatment with ZIIHERA.</li>
<li>There are currently very few options for&nbsp;BTC patients as most cases are at an advanced stage at the time of diagnosis.</li>
<li>This approval represents a new indication for&nbsp;Roche's existing PATHWAY HER2 (4B5) test and expands its clinical utility by broadening the scope of patients who are eligible for HER2-targeted therapies.</li>
</ul>

RHHBF

RHHBY

RHHVF

Roche Wins FDA Approval For The First Diagnostic To Identify Biliary Tract Cancer Patients For HER2-Targeted Therapy With ZIIHERA

The Dogecoin Foundation, a non-profit building open-source projects for the Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) ecosystem, reshared an X post calling for equitable treatment for community-driven projects amid speculations of President-elect Donald Trump slashing capital gains tax on U.S.-issued cryptocurrencies.
What Happened: The Dogecoin Foundation shared arguments by a user called &#8220;junior developer,&#8221; who stated that the policy should be extended to all community-driven and open-source coins, not only those generated by U.S. companies.
&#8220;If I started a U.S. company to hardfork Dogecoin and the fact there&#8217;s a company behind it gives tax preference where classic Doge doesn&#8217;t get the same treatment, the Trump admin has chosen a network winner based on policy and preference. I reject that idea,&#8221; the user wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If the Trump administration is serious about reducing friction in cryptocurrency, they should apply this rule to community-driven, free and open source coins as well:<a href="https://t.co/p9igiFHCVE">https://t.co/p9igiFHCVE</a> Please like and RT this thread. 1/n
&mdash; &#x2623; junior developer &#x2623; (@chromatic_x) <a href="https://twitter.com/chromatic_x/status/1858904033861530113?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Junior developer added that penalizing cryptocurrencies backed by communities instead of companies could promote &#8220;crony capitalism.&#8221;
&#8220;And, this is bait, but if you&#8217;re railing against the global financial system doing exactly that with central banks, I think you should rail against a government doing it even if you like the government or parts of this policy,&#8221; he stated.
The Dogecoin team didn&#8217;t immediately respond to Benzinga&#8217;s request for additional commentary on this development.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Saylor Reveals MicroStrategy Is &#8216;Making $500M A Day&#8217; With Bitcoin: &#8216;May Very Well Be The Most Pro</a>
Why It Matters: The pushback comes in <a href="https://finance.yahoo.com/news/trump-bold-move-could-crypto-193455642.html">response to media reports</a> that Trump could potentially transform the U.S. into a tax-free crypto haven for tokens created by U.S. companies. However, no formal confirmation has come as yet.
For U.S. taxpayers, short-term capital gains on cryptocurrencies held for less than a year are taxed at regular income rates, ranging from 10-37% depending on income and tax bracket, while long-term gains for coins held over a year are taxed at a reduced rate of 0-20%.
Tanya Solati, vice president of business development at real estate transaction platform Propy, pointed out that current tax laws, which impose a capital gains tax on every crypto-to-fiat transaction, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41608619/whats-stopping-wider-crypto-adoption-it-could-be-tax-policies-says-one-expert">make daily use impractical</a> and are a significant barrier to broader adoption.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42156092/elon-musk-sees-the-lighter-side-as-bitcoin-dips-after-jim-cramers-endorsement">Elon Musk Has A Laugh As Bitcoin Dips After Jim Cramer&#8217;s Endorsement</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

Dogecoin Foundation Shares Message Against Trump's Tax Favoritism For US Crypto Firms

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) are nearing a settlement in a lawsuit over alleged theft of battery technology. The legal confrontation, which began in 2020, accused Rivian of recruiting Tesla employees to obtain confidential engineering data.
What Happened: Initially, Tesla alleged that Rivian hired ex-employees who brought sensitive documents with them.
The lawsuit later expanded to include claims of Rivian stealing core technology for advanced batteries. Despite efforts to settle outside of court, the case went to trial last year.
Tesla has informed the court of a conditional settlement agreement with Rivian, with plans to file for dismissal by Dec. 24, according to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-22/tesla-says-it-s-settling-technology-theft-suit-against-rivian">report</a>. The settlement terms remain undisclosed.
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/11/42071715/lucid-forms-cross-as-gravity-suv-earnings-show-progress?itm_source=parsely-api">Lucid Forms Cross As Gravity SUV, Earnings Show Progress</a>
Tesla, known for its openness with patents, has maintained that Rivian&#8217;s actions were deliberate theft. The focus on &#8220;next-gen batteries&#8221; hints at the possible involvement of Tesla&#8217;s 4680 battery cells.
Rivian, on the other hand, plans to use a taller 4695 battery for its future vehicles.
Tesla and Rivian did not immediately respond to a <a href="https://pro.benzinga.com/dashboard">Benzinga</a> request for comment.
Why It Matters: The lawsuit&#8217;s roots trace back to July 2020, when <a href="https://www.benzinga.com/news/20/07/16744936/tesla-sues-rival-ev-maker-rivian-for-poaching-employees-stealing-intellectual-property">Tesla accused Rivian of employee poaching</a> and intellectual property theft. Tesla described an &#8220;alarming pattern&#8221; of Rivian hiring its employees and obtaining its trade secrets.
In August 2020, <a href="https://www.benzinga.com/news/20/08/17281377/ev-maker-rivian-taps-former-tesla-exec-as-top-engineer-despite-employee-poaching-lawsuit">Rivian hired Nick Kalayjian</a>, a former Tesla executive, as its top engineer, despite the ongoing lawsuit. This move highlighted the competitive nature of the electric vehicle industry and the strategic importance of engineering talent.
By August 2023, the case was still unresolved, with a California court <a href="https://www.benzinga.com/markets/equities/23/08/33545095/tesla-rivian-could-clash-in-california-court-over-trade-secrets-issue-what-you-need-to-know">tentatively denying requests for summary adjudication</a>, indicating the complexity and significance of the trade secrets involved.
Price Action: Tesla stock closed 3.80% higher on Friday at $352.56, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>. Rivian stock edged up 2.20% to close at $10.24 on Friday.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/11/42152721/tesla-cybertruck-part-of-donald-trumps-motorcade-will-vehicle-land-government-deals?itm_source=parsely-api">Tesla Cybertruck Part Of Donald Trump&#8217;s Motorcade, Will Vehicle Land Government Deals?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Tesla and Rivian

Legal

RIVN

TSLA

Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft

The Future Fund LLC Managing Partner Gary Black defended his firm&#8217;s Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) investment strategy amid criticism from Tesla bulls, emphasizing a disciplined approach to position management <a href="https://www.benzinga.com/24/11/42056286/tesla-is-back-in-gary-blacks-top-5-holdings">rather than short-term trading</a>.
What Happened: Black revealed that his fund&#8217;s average Tesla stock purchase price since early 2023 has been $162, while their average selling price reached $252. The disclosure came as The Future Fund recently trimmed its Tesla position at $351, following a 150% surge from April lows.
&#8220;That&#8217;s what professional investors do &#8211; buy low, sell high,&#8221; Black stated on X, addressing criticism from Tesla enthusiasts. &#8220;No one ever went broke by taking profits.&#8221;
The Future Fund began reducing its Tesla position in the fourth quarter of 2022 when it represented 12.2% of the portfolio, following Tesla&#8217;s 20% EV price cuts. 
The position now stands at 4.11% as of Nov 15, making Tesla <a href="https://www.benzinga.com/24/11/42056286/tesla-is-back-in-gary-blacks-top-5-holdings">the fifth-largest holding</a> in The Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>), behind NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> uberbulls give me grief for trimming <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> at $351 two weeks ago after TSLA had increased 150% since April. That's what professional investors do &#8211; buy low, sell high. Our avg sell price over the past two years is $252; our avg buy price has been $162. No one ever went… <a href="https://t.co/I93BRakb0L">pic.twitter.com/I93BRakb0L</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1860736331900424522?ref_src=twsrc%5Etfw">November 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/global/24/11/42156160/palantir-price-target-raised-to-75-by-dan-ives-amid-288-ytd-surge-analyst-calls-2025-a-primetime-year-for-ai">Palantir Price Target Raised To $75 By Dan Ives Amid 288% YTD Surge: Analyst Calls 2025 A &#8216;Primetime&#8217; Year For AI</a>
Why It Matters: Black pointed to Tesla&#8217;s earnings estimates being reduced by 59% since the price cuts, noting that competitors matched the reductions, resulting in minimal volume growth. Despite the recent rally, Tesla&#8217;s stock has underperformed the NASDAQ 100 index by 32 percentage points over the past three years.
The investment veteran expressed concern about <a href="https://www.benzinga.com/news/global/24/11/42028323/gary-black-defends-tesla-strategy-amid-clash-with-elon-musk-bulls-we-dont-trade-tesla-we-trim-when-the-price-goes-higher">growing polarization within the Tesla investor community</a>, noting that moderate voices face criticism for discussing potential risks. 
&#8220;In the X world, uberbulls bash fellow bulls personally for not being bullish enough. That does not happen in the real world. Portfolio discipline is rewarded, not criticized,&#8221; Black emphasized.
The debate comes amid increased attention on Tesla, with recent headlines highlighting the Cybertruck&#8217;s appearance in President-elect Donald Trump&#8216;s motorcade during a visit to SpaceX&#8217;s Starbase facility, potentially signaling new <a href="https://www.benzinga.com/news/24/11/42152721/tesla-cybertruck-part-of-donald-trumps-motorcade-will-vehicle-land-government-deals">opportunities in government and security sectors</a>.
Price Action: Tesla stock closed at $352.56 on Friday, up 3.80% for the day. After hours, the stock rose by 0.26%. Year-to-date, Tesla&#8217;s stock has surged by 41.92%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42156013/bluesky-adds-millions-of-users-as-elon-musks-social-media-platform-faces-exodus-post-trump-win-here-are-a-few-starter-packs-to-help-you-get-going-on-latest-x-rival">Bluesky Adds Millions Of Users As Elon Musk&#8217;s X Faces Exodus Post Trump Victory: Here Are A Few Starter Packs To Help You Level Up On The Platform</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

FFND

GOOGL

NFLX

NVDA

Gary Black Defends Tesla Trim At $351: 'No One Ever Went Broke By Taking Profits' Amid Stock's 150% Surge Since April

Over the weekend, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) co-founder Marc Randolph shared his thoughts on wealth, pointing out that true financial security goes beyond material luxuries.
What Happened: Sharing his perspective on X, formerly Twitter, he shared how, despite having the means to buy expensive items like luxury cars or wines, he values practicality over prestige.
He gave an example of Microsoft co-founder Bill Gates – who currently has a net worth of $162 billion – would fly economy, not because he couldn't afford first class, but because he didn't see it as good value.
"In the same vein, I could afford a really nice car at this point, but I've never been a car guy, and I don't need a Lamborghini or a Mazerati [Maserati] (which I can't even spell)," he stated.
See Also: <a href="https://www.benzinga.com/24/11/42137039/disney-takes-on-netflix-with-high-impact-originals-in-asia">Disney Takes on Netflix With High-Impact Originals in Asia</a>
Adding, "I don't need to drop $1000 on a bottle of wine at dinner either, since I know I'll get the same enjoyment from a $35 bottle."
He concluded by saying that once basic needs are met, the key to wealth lies in flexibility — the ability to choose how to spend your time and prioritize meaningful experiences.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">For many years, Bill Gates used to fly Economy, not because he couldn't afford First Class, but because he didn't consider it good value. It's five or six times more expensive, but only marginally better (and you all get to your destination at the same time). In the same vein, I… <a href="https://t.co/qaGf49y6Yr">pic.twitter.com/qaGf49y6Yr</a>
&mdash; Marc Randolph (@mbrandolph) <a href="https://twitter.com/mbrandolph/status/1860737388773024252?ref_src=twsrc%5Etfw">November 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: As of Aug. 28, 2024, Randolph's net worth was at $100 million, <a href="https://www.celebritynetworth.com/richest-businessmen/ceos/marc-randolph-net-worth/">according</a> to Celebrity Net Worth.
He <a href="https://www.benzinga.com/markets/18/05/11764543/this-day-in-market-history-netflix-goes-public">co-founded Netflix</a> on Aug. 29, 1997, with Reed Hastings in Scotts Valley, California.&nbsp;
The inception of Netflix stemmed from Hastings&#8217; frustration with late <a href="https://www.benzinga.com/markets/company-news/10/08/445627/bye-bye-blockbuster-video-store-chain-to-file-bankruptcy-next-mont">fees incurred</a> at a Blockbuster store.
The Netflix website launched in April 1998, offering around 900 titles. By 1999, Netflix introduced a subscription model that allowed unlimited rentals for a monthly fee, eliminating late fees.
This approach set the foundation for the company&#8217;s evolution into a streaming giant, which began in 2007 when it transitioned to online streaming services.
In 2002, Netflix launched its <a href="https://www.benzinga.com/general/entertainment/24/04/38340753/if-you-invested-1-000-in-netflix-stock-at-its-ipo-heres-how-much-youd-have-today">initial public offering</a>, selling 5.5 million shares at $15 each. In the early years, the stock delivered impressive triple-digit returns to investors.
The streaming giant currently has a market capitalization of $383.76 billion, ranking at number 25 in the list world's most valuable companies.
Last month, Netflix reported $9.825 billion in <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">revenue for the third quarter</a>, marking a 15% increase compared to the previous year. This figure surpassed the Wall Street consensus estimate of $9.769 billion, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>.
Image: Wikimedia
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/general/sports/24/11/42094958/netflix-faces-class-action-lawsuit-over-streaming-crashes-during-jake-paul-mike-tyson-fight">Netflix Faces Class-Action Lawsuit Over Streaming Crashes During Jake Paul, Mike Tyson Fight</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Netflix Co-Founder Marc Randolph Reveals Why True Wealth Isn't About Lamborghinis Or $1,000 Wines But The Freedom To Live Meaningfully

Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) CEO Marc Benioff has warned that the world is reaching the &#8220;upper limits&#8221; of large language models (LLMs) like OpenAI's ChatGPT.
What Happened: Last week, Benioff shared his thoughts on the future of AI in a <a href="https://www.wsj.com/podcasts/wsj-the-future-of-everything">podcast</a> with The Wall Street Journal.
He stated that the next phase of AI development will focus on <a href="https://www.benzinga.com/top-stories/24/10/41428765/microsoft-salesforce-battle-heats-up-as-ai-agent-technology-takes-center-stage">autonomous agents</a>, which can perform tasks independently, rather than relying on LLMs to drive advancements.
He argued that while AI tools like ChatGPT have received significant attention, the real potential lies in agents.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40848374/google-co-founder-sergey-brin-admits-company-was-too-timid-to-rollout-chatgpt-like-llms-despite-basi">Google Co-Founder Sergey Brin Admits Company Was &#8216;Too Timid&#8217; To Rollout ChatGPT-Like LLMs Despite Basically Inventing Them</a>
&#8220;Has the AI taken over? No. Has AI cured cancer? No. Is AI curing climate change? No. So we have to keep things in perspective here,&#8221; he stated.
Salesforce provides both prebuilt and customizable AI agents for businesses looking to automate customer service functions.
&#8220;But we are not at that moment that we&#8217;ve seen in these crazy movies — and maybe we will be one day, but that is not where we are today,&#8221; Benioff stated during the podcast.
ChatGPT-maker OpenAI is also reportedly <a href="https://www.benzinga.com/media/24/11/41964846/openais-operator-ai-agent-will-perform-tasks-like-coding-travel-booking-and-more-launch-expected-in-january-next-year-report">planning the launch</a> of its own set of agents.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Previously, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang said that he believes humans will eventually work alongside AI agents and &#8220;AI employees.&#8221;
Last month, Nvidia announced its partnership with Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) which aims to <a href="https://www.benzinga.com/markets/equities/24/10/41156669/jensen-huang-on-transformative-partnership-with-accenture-ai-as-digital-employees-will-revolutio">deploy AI agents across corporations</a>.
Last month, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) also announced that businesses will be able to create their <a href="https://www.benzinga.com/top-stories/24/10/41428765/microsoft-salesforce-battle-heats-up-as-ai-agent-technology-takes-center-stage">own autonomous AI agents</a> starting in November. This development came after Salesforce introduced its AI tools in September with the launch of Agentforce.
Microsoft co-founder Bill Gates has also previously <a href="https://www.benzinga.com/news/24/11/41736493/microsoft-co-founder-bill-gates-says-everyone-in-future-will-have-a-utilitarian-ai-agent-that-will-h">echoed similar sentiments</a> as Huang.
Earlier, Tony Fadell, co-creator of the iPod, also voiced his concerns about LLMs, calling them &#8220;know-it-alls.&#8221; He acknowledged that while LLMs can be useful in areas like entertainment, they shouldn&#8217;t be universally adopted due to their <a href="https://www.benzinga.com/news/24/10/41616573/ipod-co-creator-tony-fadell-dismisses-chatgpt-type-llms-saying-were-trying-to-make-science-fiction-h">tendency to make mistakes</a>.
Image via Flickr
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/management/24/11/41978942/salesforce-ceo-marc-benioff-bets-big-on-billion-bots">Salesforce CEO Marc Benioff Bets Big on Billion Bots</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

MSFT

Marc Benioff Says Future Of AI Not In Bots Like ChatGPT But In Autonomous Agents: We Aren't At The Moment Seen In Those 'Crazy' Movies

Australia&#8217;s Prime Minister Anthony Albanese announced a plan to ban social media use for children under 16, requiring platforms like Meta Platforms Inc,&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook and Instagram, TikTok, X (formerly Twitter), and Snap Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) Snapchat to <a href="https://www.benzinga.com/news/24/09/40784803/after-feud-with-elon-musk-and-mark-zuckerberg-australian-pm-anthony-albanese-set-to-ban-social-media">verify users&#8217; ages</a>.
What Happened: The government will trial an age-verification system, possibly including biometrics or government ID. Social media companies must destroy any personal data used for verification, with fines of up to $32 million for non-compliance, reported Reuters. 
&#8220;There will be very strong and strict privacy requirements to protect people&#8217;s personal information, including an obligation to destroy information provided once age has been verified,&#8221; Albanese said on Monday.
Critics, including Elon Musk, argue the bill may limit internet access for Australians. The government aims to pass the law by the end of the parliamentary year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42156160/palantir-price-target-raised-to-75-by-dan-ives-amid-288-ytd-surge-analyst-calls-2025-a-primetime-year-for-ai">Palantir Price Target Raised To $75 By Dan Ives Amid 288% YTD Surge: Analyst Calls 2025 A &#8216;Primetime&#8217; Year For AI</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Government

Social Media

SNAP

As Meta, TikTok, X And Snapchat Stare At Tough Under-16 Ban, Australia's PM Says Destroy Personal Data 'Once Age Is Verified' Or Risk $32M Fine

Renowned investment adviser&nbsp;Gary Black questioned the valuation of&nbsp;MicroStrategy Incorporated&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), suggesting the company&#8217;s stock was significantly overpriced.
What Happened: In a recent X post, Black, managing partner at The Future Fund, expressed his confusion over MicroStrategy&#8217;s stock price. 
He pointed out that the company&#8217;s Bitcoin holdings, worth $31.2 billion when he made the observation, and its <a href="https://www.benzinga.com/news/24/11/41693867/microstrategy-shares-are-falling-today-what-you-need-to-know">net debt</a> of $4.2 billion equated to an equity value of $27 billion. However, the company&#8217;s stock market value stood at a whopping $106 billion. 
Black estimated that MicroStrategy&#8217;s&nbsp;shares should be worth about&nbsp;$105/share, a figure 75% lower than its current trading price. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> ‘s stock price makes no sense to me. MicroStrategy owned 331,200 bitcoins at last count, worth $31.2 billion at <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> =$100K, and has about $4.2 billion of net debt, which equates to $27B equity value. By comparison, MSTR's stock market value is $106 billion using the…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1859962141509292182?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
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Black added that MicroStrategy&#8217;s core software business wasn&#8217;t contributing to growth. Indeed, the software segment recorded a 10.3% decline in year-on-year revenues. 
&#8220;It would be like a company issuing cash or debt and then buying marketable securities. No one will pay for growth from that since anyone can buy Bitcoin,&#8221; he argued. 
Black also ruled out valuing stocks based on future earnings expectations, instead opting to measure the stock&#8217;s fundamental business, in this case, MicroStrategy, in conjunction with the value of Bitcoin.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42155866/bitcoin-recuperates-from-95k-dip-ethereum-dogecoin-slide-as-investors-prepare-for-thanksgiving-week-top-analyst-expects-btc-to-peak-around-this-time">Bitcoin Recovers From $95K Dip, Ethereum, Dogecoin Fall Ahead Of Thanksgiving Holiday: BTC Is &#8216;Crossing The Rubicon,&#8217; Says Expert</a>
Why It Matters: Black&#8217;s comments come in the wake of recent research by BitMEX, which <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">showed that MicroStrategy is trading at a 256% premium</a> to the net asset value (NAV) of its Bitcoin holdings. The analysis connected the extreme valuation disparity to some financial regulators banning people from buying Bitcoin ETFs, leading them to buy MicroStrategy&#8217;s stock instead.
MicroStrategy&#8217;s aggressive Bitcoin acquisition strategy has been the subject of intense media coverage in recent weeks. The company&#8217;s co-founder,&nbsp;Michael Saylor, recently revealed that MicroStrategy is making $500 million a day as Bitcoin <a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now">inched closer</a> to $100,000 for the first time in its history. 
Since the beginning of November, MicroStrategy&#8217;s stock has leaped 83%, while Bitcoin, the asset it holds on its books, has grown by 38%.
Price Action:&nbsp;At the time of writing, Bitcoin was trading at $97,638.71, down 0.85% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>. Shares of MicroStrategy closed 6.19% higher at $421.88 on Friday&#8217;s regular session.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/11/42155884/economist-slams-doges-simplistic-approach-to-government-spending-questions-super-bowl-ad-criticism">Economist Slams DOGE: Tells Elon Musk-Led Initiative To &#8216;Do Your Legal Job Well&#8217; Amid Super Bowl Ad Spending Clash</a></li>
</ul>

MSTR

Are MicroStrategy's Shares Worth Only $105? Investment Adviser Gary Black Weighs In

Wedbush Securities has issued an endorsement of the artificial intelligence software sector, with Managing Director Dan Ives predicting that 2025 will be a pivotal year for AI implementation across the industry. This comes as Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) continues its remarkable ascent, <a href="https://www.benzinga.com/24/11/42143996/daddys-home-palantir-creates-two-new-billionaires-after-trumps-win-both-own-less-than-2-stock-and-are-thiels-favorites">having surged 288% year-to-date</a>.
What Happened: In a notable sector-wide upgrade, Ives raised Palantir&#8217;s price target to $75 while upgrading both Elastic NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) and Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) to Buy ratings. He also increased Salesforce Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) price target to $375, signaling broader confidence in the software sector&#8217;s AI potential.
&#8220;The AI Revolution is accelerating and now it&#8217;s the software sector that will benefit from the use case phase of AI set to be primetime in 2025,&#8221; Ives <a href="https://x.com/DivesTech/status/1860816966367281267">wrote</a>, adding, &#8220;Software AI age here.&#8221;
The bullish outlook aligns with <a href="https://www.benzinga.com/24/11/42094248/trumps-return-boosts-palantir-national-security-bets-drive-140-billion-market-cap">Palantir&#8217;s recent performance</a>, which has seen its market capitalization soar to approximately $140 billion, surpassing defense contractor Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>). The company&#8217;s growth has been particularly notable following recent political developments, with its stock reaching $61 per share.
See Also: <a href="https://www.benzinga.com/general/social-media/24/11/42155884/economist-slams-doges-simplistic-approach-to-government-spending-questions-super-bowl-ad-criticism">Economist Slams DOGE: Tells Elon Musk-Led Initiative To &#8216;Do Your Legal Job Well&#8217; Amid Super Bowl Ad Spending Clash</a>
Why It Matters: Palantir&#8217;s momentum is supported by concrete achievements, including a $480 million Pentagon contract for Project Maven and its first profitable year in 2023, reporting $144 million in <a href="https://www.benzinga.com/24/11/42094248/trumps-return-boosts-palantir-national-security-bets-drive-140-billion-market-cap">third-quarter net income</a>. 
The company has successfully expanded its <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42039361/palantir-soars-to-150b-market-cap-as-analysts-flag-risks-in-valuation-insider-sales">commercial sector revenue</a> to 35% of total earnings, securing major contracts with CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) and BP plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>).
However, some investors express caution regarding valuations. Major hedge funds, including Renaissance Technologies and ARK Investment Management, reduced their Palantir <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42039361/palantir-soars-to-150b-market-cap-as-analysts-flag-risks-in-valuation-insider-sales">holdings in the third quarter</a>, though maintaining significant positions. 
The company&#8217;s P/E ratio of 328.85 and heavy retail investor base of approximately 50% have prompted discussions about <a href="https://www.benzinga.com/24/11/42094248/trumps-return-boosts-palantir-national-security-bets-drive-140-billion-market-cap">potential market volatility</a>.
Price Action: Palantir&#8217;s stock closed at $64.35 on Friday, gaining 4.87% during the regular trading session. In after-hours trading, the stock dipped slightly by 0.20%. Year-to-date, Palantir has seen a remarkable surge of 288.12%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42155405/mcdonalds-spends-100-million-after-e-coli-outbreak-as-trust-and-love-must-be-rebuilt-says-chief-impact-officer">McDonald&#8217;s Spends $100 Million After E. Coli Outbreak As &#8216;Trust And Love&#8217; Must Be Rebuilt, Says Chief Impact Officer</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ESTC

PLTR

SNOW

Palantir Price Target Raised To $75 By Dan Ives Amid 288% YTD Surge: Analyst Calls 2025 A 'Primetime' Year For AI

Tech mogul Elon Musk was amused by Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sudden pullback following financial analyst Jim Cramer&#8217;s bullish take on the leading cryptocurrency.
What happened: In a recent X post, Musk reacted with a laughing face and 100% emoji in response to a satirical post on the "Inverse Cramer" phenomenon.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f602;&#x1f4af; <a href="https://t.co/PzkLsmVFz7">https://t.co/PzkLsmVFz7</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1860470986438545485?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote>
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The story started Friday when Cramer, host of CNBC's Mad Money show and a former hedge fund manager, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42144871/jim-cramer-says-own-bitcoin-thats-a-winner-crypto-community-scoffs-pack-up-your-bags-sell-everything">revealed owning Bitcoin</a> and called it a "clear winner."
Interestingly, Bitcoin, which was on the verge of reaching $100,000, retraced after Cramer&#8217;s advocacy and fell below $96,000 early Sunday.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42155055/crypto-analyst-bitcoin-poised-to-skyrocket-to-180k-and-eventually-top-1m">Crypto Analyst: Bitcoin Poised To Skyrocket To $180K and &#8216;Eventually&#8217; Top $1M</a>
Why It Matters: For the uninitiated, the "Inverse Cramer" phenomenon hinges on the belief that doing the opposite of what Cramer advises could lead to profits.
In fact, an exchange-traded fund (ETF) <a href="https://www.benzinga.com/etfs/specialty-etfs/24/01/36793492/exclusive-inverse-cramer-etf-shuts-down-how-the-magnificent-7-stocks-factor-in-and-a-broken-c">was floated in 2022</a>, allowing investors to bet against Cramer's predictions. The ETF eventually shut down earlier this year.
Even influential cryptocurrency analysts like Ali Martinez wrote, "Another sell signal," reacting to Cramer's endorsement.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Another sell signal&#8230;<a href="https://t.co/YlJv9oPocw">pic.twitter.com/YlJv9oPocw</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1860420443124981817?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
That said, there has been no definitive proof of counter-trading Cramer's predictions being a profitable strategy.
Price Action: At the time of writing, Bitcoin was trading at $97,556.56, down 1.03% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42154900/crypto-expert-who-called-2022-market-crash-warns-about-bitcoin">Crypto Expert Who Called 2022 Market Crash Warns About Bitcoin</a></li>
</ul>

$BTC

Elon Musk Has A Laugh As Bitcoin Dips After Jim Cramer's Endorsement

Following the <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">2024 U.S. Presidential election</a>, a significant shift is happening in the social media landscape.&nbsp;
Many users, including Taylor Swift's fanbase, the Swifties, <a href="https://www.benzinga.com/24/11/41872302/taylor-swift-fans-abandon-elon-musks-x-for-bluesky-how-trumps-election-victory-triggered-swifties-uprising">have begun leaving</a> Elon Musk's X, formerly Twitter, for Bluesky, a rising social media platform.
In just a few days, Bluesky's user base surged from 14 million to 20 million, growing by a million new users each day.
This sudden influx follows dissatisfaction with Musk's social media platform, especially after the changes he introduced following the acquisition of Twitter, and now the 2024 election outcome.
Why Bluesky?
Bluesky offers a <a href="https://www.benzinga.com/general/social-media/24/11/42039681/x-vs-threads-vs-bluesky-does-elon-musks-social-media-site-still-reign-supreme">refreshing alternative</a> to X and Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Threads.
Unlike Threads, which has minimized political content, Bluesky allows for more personalized, open conversations. Its open-source model, based on the AT Protocol, aims to empower users with greater control over their content and moderation.
With features like user-curated starter packs and decentralized governance, Bluesky has become a top choice for former X users looking for a platform that prioritizes user experience over corporate control.
See Also: <a href="https://www.benzinga.com/tech/24/11/42056367/how-to-safeguard-your-data-before-apples-deadline-step-by-step-guide-for-backing-up-ios-8-and-earlier-devices">How To Safeguard Your Data Before Apple&#8217;s Deadline: Step-By-Step Guide For Backing Up iOS 8 And Earlier Devices</a>
Getting Started With Bluesky: The Starter Packs
If you&#8217;re new to Bluesky, building your feed from scratch can be overwhelming. Thankfully, Bluesky's starter packs make this process easier.
Starter packs are user-curated lists of accounts, organized by interests, topics, or locations. They allow new users to quickly find and follow accounts that align with their interests without the tedious process of searching individually.
How To Find And Use Starter Packs
With over 86,000 starter packs available, you can browse them through the directory and search by keywords. Click <a href="https://blueskydirectory.com/starter-packs/all?q=">here</a> to access the directory.
You can either follow individual accounts or use the &#8220;follow all&#8221; button for faster results.
Here are some examples of user-created starter packs:&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/23030750/Screenshot-2024-11-23-at-1.37.44%E2%80%AFPM-1024x641.png" alt="" class="wp-image-662038" /><figcaption class="wp-element-caption">Source: Bluesky</figcaption></figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/23031140/Screenshot-2024-11-23-at-1.41.30%E2%80%AFPM-1024x639.png" alt="" class="wp-image-662039" /><figcaption class="wp-element-caption">Source: Bluesky</figcaption></figure>
How To Create Your Own Starter Pack
In case, you want to create your unique starter pack, there are some easy steps you can follow.
Step I: Go to your profile on the mobile or desktop app.
Step II: Tap &#8220;Starter Packs&#8221; and select &#8220;Create.&#8221;
Step III: Name your pack, add a description, and choose users to include.
Step IV: Share your new pack with others through a post.
Image via Bluesky
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Bluesky Adds Millions Of Users As Elon Musk's X Faces Exodus Post Trump Victory: Here Are A Few Starter Packs To Help You Level Up On The Platform

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) recently unveiled its Black Friday 2024 promotion, running from Nov. 29 to Dec. 2, offering customers gift cards with the purchase of eligible products instead of direct discounts.
What Happened: Apple's Black Friday deals include gift cards ranging from $25 to $200, depending on the product. Here's a detailed breakdown:
iPhone: Customers can receive up to a $75 Apple Gift Card by purchasing an iPhone 15, iPhone 14, or iPhone SE.
Mac: Potential buyers can earn up to a $200 Apple Gift Card with purchases of MacBook Air 15-inch (M3), MacBook Air 13-inch (M3), or MacBook Air 13-inch (M2).
iPad: You can get up to a $100 gift card when buying an iPad Pro, iPad Air, or iPad (10th generation).
Apple Watch: Users can get a $50 Apple Gift Card with the Apple Watch SE while buying a new smartwatch.
AirPods: Receive up to a $75 gift card on AirPods Max, AirPods Pro 2, or AirPods 4.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41017367/huawei-riding-high-on-trifold-success-launches-revolutionary-laptop-powered-by-homegrown-chips-softw" target="_blank" rel="noreferrer noopener">Huawei, Riding High On Trifold Success, Launches Revolutionary Laptop Powered By Homegrown Chips, Software — China Ready To Break Free From US Tech Dependence?</a>
Apple TV &amp; Home: Buyers can get a $50 gift card with an Apple TV 4K or HomePod purchase.
Beats: You can earn up to a $50 Apple Gift Card on select Beats products, including Beats Studio Pro, Beats Solo Buds, and Beats Fit Pro.
Accessories: A $25 Apple Gift Card is available for accessories like the Magic Keyboard, Apple Pencil, and Smart Folios for iPads.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The announcement follows weeks of early Black Friday sales from retailers like Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), and BestBuy Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), many of which feature <a href="https://www.benzinga.com/24/11/42041663/walmarts-black-friday-cyber-monday-huge-deals-on-electronics-toys-and-more">notable discounts</a> on Apple products.
However, customers who choose to shop directly with Apple can still benefit from the gift card promotion, particularly when paired with a device trade-in.
Apple Card users can also earn 3% cashback on their purchases, adding further value.
Price Action: At the time of writing, Apple shares rose by 0.035% to $229.95 in after-hours trading, following a 0.59% gain to $229.87 during Friday&#8217;s regular session, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Photo courtesy: Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/24/11/42132104/huawei-to-launch-mate-70-smartphone-with-advanced-homegrown-chip-challenging-apple-in-china-amid-us-sanctions-report">Apple Faces New Challenge As Huawei Advances Domestic Chip Tech In Mate 70 Series Amid US Sanctions: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

AAPL

AMZN

Apple's 2024 Black Friday Deals: Gift Cards Over Discounts — Here's What You'll Get

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/industries/energy/renewable-energy/battery/lithium/">Lithium stocks</a> have been a disaster with&nbsp;<a href="https://www.reuters.com/markets/commodities/lower-prices-oversupply-weigh-lithium-miners-2023-10-30/#:~:text=Lithium%20is%20a%20key%20metal,chain%2C%22%20BofA%20analysts%20said.">oversupply issues</a>&nbsp;and a&nbsp;<a href="https://abcnews.go.com/Business/electric-vehicle-sales-slowing-panic-insiders/story?id=105842727">drop-off in demand for electric vehicles</a>. But with prices this cheap, it may be time to get greedy with lithium stocks with millionaire potential. Especially if the Federal Reserve does cut rates.&nbsp;



Right now,&nbsp;<a href="https://qz.com/federal-reserve-fed-interest-rates-inflation-jerome-pow-1851224976#:~:text=The%20interview%20was%20recorded%20Thursday,to%20the%20central%20bank%27s%20target.">interest rates</a>&nbsp;are at a 22-year high of 5.4%,&nbsp;driving up borrowing costs.&nbsp;It&rsquo;s a big part of why electric vehicle sales are slowing. It&rsquo;s also why auto companies like&nbsp;General Motors&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) and&nbsp;Ford&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) are&nbsp;<a href="https://www.autonews.com/manufacturing/gm-ford-delay-some-ev-investments-citing-slowing-demand-growth">delaying electric vehicle rollouts</a>.&nbsp;



However, once the Federal Reserve does start cutting those rates, pent-up demand for such things should return. And with it, we should see higher lithium prices.&nbsp;



In addition,&nbsp;<a href="https://investorplace.com/2024/01/7-top-rated-lithium-stocks-wall-street-analysts-are-loving-now-january-2024/">as I noted on Jan. 21</a>, &ldquo;With some lithium mines shutting down or reducing production&nbsp;<a href="https://seekingalpha.com/article/4663102-top-10-lithium-companies-to-consider-potentially-approach-lithium-price-bottom">we could see less supply</a>. This could help stabilize prices and send lithium prices higher with demand.&rdquo;&nbsp;



That said, you may want to be well-positioned in lithium stocks with millionaire potential.



<h2>Albemarle (ALB)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/alb1600a-300x169.jpg" alt="Albemarle (ALB) logo on a mobile phone screen"><div>Source: IgorGolovniov/Shutterstock.com</div></div>


After plunging from a high of about $331 to a low of $114.33, the industry&rsquo;s weakened 800 lb. gorilla, Albemarle&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/alb-stock-quote/">ALB</a>) is showing some signs of life. Plus, at 4x earnings, with a yield of 1.39%, you can get paid to wait for this cheap stock to recover.



To help, the company is&nbsp;<a href="https://www.streetinsider.com/Corporate+News/Albemarle+%28ALB%29+Announces+Cost-cutting+Efforts/22637878.html">reducing costs by $95 million a year</a>&nbsp;by cutting expenses and its workforce. According to a press release, the company will focus on permitting at the Kings Mountain spodumene resource and postpone spending.



Better, analysts at&nbsp;<a href="https://markets.businessinsider.com/news/stocks/rbc-capital-sticks-to-its-buy-rating-for-albemarle-alb-1033043428#:~:text=In%20a%20report%20released%20on,shares%20closed%20yesterday%20at%20%24115.05.">RBC Capital are maintaining a buy rating on ALB</a>, with a price target of $140. Also, it may not seem like it at the moment, but ALB is one of the top lithium stocks with millionaire potential.



<h2>Arcadium Lithium (ALTM)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium-300x169.jpg" alt="a lithium mine, ATLX stock"><div>Source: Shutterstock</div></div>


There&rsquo;s also&nbsp;Arcadium Lithium&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>), the $4.94 billion company that combined Allkem and Livent to create one of the biggest lithium companies in the world. 



It&rsquo;s another cheap stock trading at $4.60, at 5x earnings, and with a price to earnings growth ratio of just 0.33. Helping,&nbsp;<a href="https://www.tipranks.com/news/blurbs/arcadium-lithium-plc-altm-receives-a-buy-from-loop-capital-markets">Loop Capital is maintaining a buy rating</a>&nbsp;on the stock with a price target of $9.



Arcadium Lithium is one of the largest global producers of lithium chemicals, with $1.9 billion in revenue and over 2,600 employees in 2022, according to the company website.



<h2>Sociedad Quimica y Minera (SQM)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/lithium-1600-300x169.png" alt="Lithium element on the periodic table. Top-rated lithium stocks"><div>Source: tunasalmon / Shutterstock</div></div>


Sociedad Quimica y Minera&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) carries a current yield of 12.42%. At $40 a share, it&rsquo;s trading a 1.24x sales, which is far less than its five-year average of 4.54.&nbsp;



And, as expected, earnings haven&rsquo;t been great. In its most recent quarter,&nbsp;<a href="https://investorplace.com/2024/01/why-these-3-lithium-stocks-should-be-on-your-radar-in-2024/">SQM said revenue slipped 38% YOY to $1.84 billion</a>. Net income came in 56% lower year over year to $479.9 million, as EPS crumbled 56% to $1.68 year over year. However, it does appear that a good amount of negativity has been priced in.&nbsp;



Now, while we wait for lithium and SQM to recover, we can collect its dividend yield.



<h2>Piedmont Lithium (PLL)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/pll1600-300x169.png" alt="Person holding cellphone with logo of US mining company Piedmont Lithium Inc. (PLL) on screen in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>


We can also look at&nbsp;Piedmont Lithium&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>), another one of the top lithium stocks with millionaire potential.



We&rsquo;re still waiting to see if its North Carolina mine permit will be granted. If it is, the proposed mine could be significant. 



At the same time, it does now hold all permits for its project in Tennessee, where it expects to start construction soon. Piedmont also partnered with&nbsp;Vinland Lithium&nbsp;to advance a project in Newfoundland, Canada.&nbsp;



And it&rsquo;s also cutting capital spending this year and just reduced its workforce by 27%. It&rsquo;s targeting about $10 million in annual savings,&nbsp;<a href="https://seekingalpha.com/news/4063089-piedmont-lithium-completes-27-workforce-reduction-part-of-cost-cutting-plan">according to Seeking Alpha</a>.



<h2>Standard Lithium (SLI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/sli1600-300x169.png" alt="Standard Lithium logo or icon on website page, Illustrative Editorial"><div>Source: Postmodern Studio / Shutterstock.com</div></div>


Standard Lithium&nbsp;(NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/sli-stock-quote/">SLI</a>) is another one to keep an eye on.



Remember, its East Texas exploration site had&nbsp;<a href="https://www.fool.com/investing/2023/10/11/why-standard-lithium-stock-jumped-today/">the highest-grade lithium brine in North America</a>. 



According to <a href="https://www.fool.com/investing/2023/10/11/why-standard-lithium-stock-jumped-today/">Motley Fool&rsquo;s&nbsp;Neha Chamaria</a>, high brine grades can lower DLE costs for Standard Lithium, which expects East Texas to be a major source of high-grade brine.







<h2>iShares Lithium Miners and Producers ETF (ILIT)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/lithium1600-300x169.jpg" alt="lithium (LI) on the periodic table. top performing lithium stocks"><div>Source: Shutterstock</div></div>


Or, you can always diversify with 44 lithium names that should recover at some point, with an exchange-traded fund such as the&nbsp;iShares Lithium Miners and Producers ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/ilit-stock-quote/">ILIT</a>). 



With an expense ratio of 0.47%, the ETF tracks global lithium miners and producers.



In short, you&rsquo;re getting a piece of most of the stocks mentioned above plus 38 other lithium stocks for less than $13 a share.



<h2>Sprott Lithium Miners ETF (LITP)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium1600h-300x169.jpg" alt="rows of lithium ion batteries"><div>Source: Lightboxx/ShutterStock.com</div></div>


Or, look at the&nbsp;Sprott Lithium Miners ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/litp-stock-quote/">LITP</a>). 



Once lithium prices recover, and they will, related stocks and ETFs like this one will push higher. 



With an expense ratio of 0.65%, this is the only pure-play U.S.-listed ETF focused on lithium mining, <a href="https://sprottetfs.com/litp-sprott-lithium-miners-etf/">as noted by SprottETFs.com</a>. 



On the date of publication, Ian Cooper did not have (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&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/02/7-lithium-stocks-with-serious-potential-to-make-you-a-millionaire/">7 Lithium Stocks with Serious Potential to Make You a Millionaire</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Lithium Stocks with Serious Potential to Make You a Millionaire

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Crisis will turn into an opportunity for <a href="https://investorplace.com/industries/energy/renewable-energy/battery/lithium/">lithium stocks.</a> That&rsquo;s because supply issues are only temporary. <a href="https://investorplace.com/2024/01/7-top-rated-lithium-stocks-wall-street-analysts-are-loving-now-january-2024/">And remember, as I noted on Jan. 21,</a> &ldquo;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.&rdquo; 



Two, current lithium prices are not sustainable, as noted by Albemarle (NYSE:<a href="https://investorplace.com/stock-quotes/alb-stock-quote/">ALB</a>). In fact, <a href="https://www.mining.com/web/albemarle-lithium-prices-must-rise-to-meet-surging-demand/">according to the company,</a> prices will need to rise &ldquo;in order to trigger the supply investments needed to meet long-term demand growth,&rdquo; as quoted by Mining.com. &ldquo;Lithium suppliers around the world are reining in spending and, in some cases, production after demand for the key component in electric-vehicle batteries slowed just as new mines started up.&rdquo;



Three, we have to consider that some analysts forecast that &ldquo;lithium supply is expected to <a href="https://www.cnbc.com/2023/08/29/a-worldwide-lithium-shortage-could-come-as-soon-as-2025.html">enter a deficit relative to demand</a> by 2025.&rdquo;



Eventually, all will contribute to higher lithium prices, just as we&rsquo;ve seen with prior dips. That being said, investors may want to start loading up on beaten-down lithium stocks. They won&rsquo;t make you rich overnight, but once the lithium price boom returns, you&rsquo;ll wish you bought in.



<h2>Albemarle (ALB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/alb1600a-300x169.jpg" alt="Albemarle (ALB) logo on a mobile phone screen"><div>Source: IgorGolovniov/Shutterstock.com</div></div>After finding strong support around $110, Albemarle is back up to $124.86.



From here, if it can break above resistance at its 100-day moving average, I&rsquo;d like to see it again challenge $140 in the near term. Helping, analysts at Loop Capital said ALB has room to run, with a price target of $162 and a Buy rating. 



<a href="https://www.fool.com/investing/2024/03/18/albemarle-stock-upside-wall-street-analyst/#:~:text=Trimming%20his%20previous%20price%20target,next%2012%20months%20or%20so.">Motley Fool contributor Scott Levine,</a> ALB&rsquo;s best days aren&rsquo;t behind it.




He wrote, &ldquo;The company has an impressive operating history that stretches back to 1887. In that time, it has surely encountered headwinds &mdash; and withstood them, increasing shareholder value over the long term. Over the past 20 years, for example, Albemarle&rsquo;s total return topped 1,000%, exceeding the S&amp;P 500&rsquo;s 576% total return over the same timeframe.&rdquo;




We also have to consider ALB is cheap at just 9.3x earnings. Better, analysts at <a href="https://markets.businessinsider.com/news/stocks/rbc-capital-sticks-to-its-buy-rating-for-albemarle-alb-1033043428#:~:text=In%20a%20report%20released%20on,shares%20closed%20yesterday%20at%20%24115.05.">RBC Capital are maintaining a Buy rating on ALB,</a> with a price target of $140. 



<h2>Sociedad Quimica y Minera de Chile (SQM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/sqm-stock-1-300x169.jpg" alt="Sociedad Quimica y Minera logo displayed on a mobile phone with the company's web page on it. SQM stock"><div>Source: madamF / Shutterstock.com</div></div>With a yield of 10.14%, Sociedad Quimica y Minera de Chile (NYSE:<a href="https://investorplace.com/stock-quotes/sqm-stock-quote/">SQM</a>) is showing signs of life.



After finding strong support at $40, SQM is now consolidating just under $50. From here, I&rsquo;d like to see it eventually retest its December high of $64. As we wait for that to happen, we can just sit back and collect its dividend. 



Unfortunately, earnings haven&rsquo;t been so hot. But that&rsquo;s to be expected with lower lithium prices. In its most <a href="https://seekingalpha.com/news/4073636-sociedad-quimica-y-minera-de-chile-gaap-eps-of-071-misses-by-037-revenue-of-131b-misses-by-50m">recent quarter,</a> SQM posted EPS of 71 cents, which missed by 37 cents. Revenues of $1.31 billion &mdash; down 58.1% year over year &mdash; missed by $50 million. But again, that really shouldn&rsquo;t come as a big surprise in the current climate. 



The good news is that most of the negativity has been priced into this stock. Better, analysts over at Loop Capital <a href="https://thefly.com/news.php?symbol=SQM">recently raised its price target</a> on SQM to $62, with a Hold rating.



<h2>Piedmont Lithium (PLL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/pll1600-300x169.png" alt="Person holding cellphone with logo of US mining company Piedmont Lithium Inc. (PLL) on screen in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>We can also look at Piedmont Lithium (NASDAQ:<a href="https://investorplace.com/stock-quotes/pll-stock-quote/">PLL</a>), another one of the top lithium stocks with big potential. Granted, its chart is a disaster, but don&rsquo;t write it off just yet.



We&rsquo;re still waiting to see if its North Carolina mine permit will be granted. If it is, the proposed mine could be significant. At the same time, it now holds all permits for its project in Tennessee, where it expects to start construction soon. Piedmont also partnered with Vinland Lithium to advance a project in Newfoundland, Canada. 



Helping, &ldquo;BMO Capital analyst Greg Jones initiated coverage of Piedmont Lithium with a Market Perform rating and $20 price target. Piedmont is developing an integrated lithium business with the objective of supplying the North American battery supply chain,&rdquo; <a href="https://thefly.com/news.php?symbol=PLL">according to TheFly.com.</a>



Should the company receive approval in North Carolina, I&rsquo;d like to see the PLL stock rally back to at least $30 a share.



<h2>Atlas Lithium (ATLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium-300x169.jpg" alt="a lithium mine, ATLX stock"><div>Source: Shutterstock</div></div>After diving from about $34 to about $12, Atlas Lithium (NASDAQ:<a href="https://investorplace.com/stock-quotes/atlx-stock-quote/">ATLX</a>) is also showing some signs of life. For one, the company recently said it achieved full funding for its early revenue strategy to allow for the start of production later this year. 



Two, the company just said the <a href="https://www.atlas-lithium.com/news/atlas-lithium-progresses-with-dms-plant-construction-remains-on-schedule-for-q4-2024-production/">construction of its modular dense</a> media separation lithium processing plant remains on track for completion in Q2 2024. 



Three, as noted in ALTX press release, &ldquo;Atlas Lithium&rsquo;s plant progress bodes well for its goal to generate revenues by Q4 2024. As previously announced, Atlas Lithium has secured binding offtake agreements with key partners Chengxin and Yahua, who have committed $50 million for the right to purchase 80% of Phase 1 production capacity.&rdquo;



Better, its Brazilian operations are located in Brazil&rsquo;s Lithium Valley, which is considered to be a premier lithium jurisdiction. Plus, according to the Brazilian Geological Service (CPRM) &ldquo;the region has at least 45 lithium deposits,&rdquo; <a href="https://www.atlas-lithium.com/wp-content/uploads/2024/03/March-Corporate-Overview.pdf">as noted in ATLX&rsquo;s corporate deck.</a>



<h2>iShares Lithium Miners and Producers ETF (ILIT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium1600d-300x169.jpg" alt="Graphic of Lithium scientific symbol (Li) in the shape of a big white gear with construction equipment and mountain around it. favorite Lithium stocks"><div>Source: GrAl / Shutterstock.com</div></div>We can also take a look at exchange-traded funds (ETFs), which offer a good deal of diversification at a lower cost. The iShares Lithium Miners and Producers ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/ilit-stock-quote/">ILIT</a>), for example, trades at just over $14 a share and offers exposure to 45 lithium stocks.



In fact, with an expense ratio of 0.47%, the ILIT ETF offers exposure &ldquo;to global lithium miners and producers who could stand to benefit from an increased demand for this limited resource,&rdquo; <a href="https://www.ishares.com/us/products/332281/ishares-lithium-miners-and-producers-etf">noted iShares.</a> Some of its top holdings include Sociedad Quimica y Minera de Chile, Albemarle, Pilbara Minerals (OTCMKTS:<a href="https://investorplace.com/stock-quotes/pilbf-stock-quote/">PILBF</a>), Arcadium Lithium (NYSE:<a href="https://investorplace.com/stock-quotes/altm-stock-quote/">ALTM</a>) and Lithium Americas (NYSE:<a href="https://investorplace.com/stock-quotes/lac-stock-quote/">LAC</a>) &mdash; to name a few.



What&rsquo;s nice about the ILIT ETF is that we can buy 100 shares of it for about $1,400. If I were to buy 100 shares of just one of its 45 holdings &mdash; let&rsquo;s use ALB &mdash; it would cost me over $12,400. I&rsquo;d rather pay less and have greater exposure.



<h2>Global X Lithium &amp; Battery ETF (LIT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/lithium1600-300x169.jpg" alt="lithium (LI) on the periodic table. top performing lithium stocks"><div>Source: Shutterstock</div></div>After bottoming out around $40, the Global X Lithium &amp; Battery ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/lit-stock-quote/">LIT</a>) has since rallied to $46, where it&rsquo;s consolidating. From here, I&rsquo;d like to see it break higher with a test of $52 in the near term.



With an expense ratio of 0.75%, the LIT ETF invests in the full lithium cycle, from mining and refining the metal through battery production, says GlobalXETFs. It also has about 40 holdings, including Albemarle, Pilbara Minerals and Panasonic Holdings (OTCMKTS:<a href="https://investorplace.com/stock-quotes/pcrfy-stock-quote/">PCRFY</a>) &mdash; to name a few.



The last time lithium prices fell on supply-demand issues around 2018, the LIT ETF plunged from about $37 to a low of $19.20. As lithium showed signs of life and demand skyrocketed with the electric vehicle boom, the LIT ETF ran to a high of nearly $93. 



The moment we see the next recovery in lithium, as supply fails to meet demand, I&rsquo;d like to see the LIT ETF again challenge that high.



<h2>Amplify Lithium &amp; Battery Technology ETF (BATT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium1600e-300x169.jpg" alt="a lithium ion battery"><div>Source: Olivier Le Moal/ShutterStock.com</div></div>With an expense ratio of 0.59%, the Amplify Lithium &amp; Battery Technology ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/batt-stock-quote/">BATT</a>) provides exposure to global companies that develop, produce and use lithium battery technology &mdash; all for less than $10 a share. BATT ETF has 89 holdings, including Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), Albemarle, Sociedad Quimica and Panasonic.



After sliding from about $13.50 to a low of $8.56 the BATT ETF is starting to pivot higher from oversold conditions. It last traded at $9.45. I&rsquo;d like to see the ETF retest $10.59 initially.



It is another hot ETF that could double, even triple, when lithium prices and related stocks start to push well off their low. While simplistic to say, it&rsquo;s only a matter of time before lithium recovers and takes the BATT ETF along for the ride.



On 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 <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/7-lithium-stocks-ready-for-a-major-comeback/">7 Lithium Stocks Ready for a Major Comeback</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Lithium Stocks Ready for a Major Comeback

iShares Lithium Miners and Producers ETF declares semi-annual distribution of $0.0775

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With accelerating demand for all things green, lithium prices may be bottoming out, creating opportunities for oversold <a href="https://investorplace.com/industries/energy/renewable-energy/battery/lithium/">lithium stocks</a>. According to Pilbara Minerals (OTCMKTS:<a href="https://investorplace.com/stock-quotes/pilbf-stock-quote/">PILBF</a>) CEO Dale Henderson, &ldquo;doomsday headlines don&rsquo;t reconcile with the broadly strong growth market,&rdquo; <a href="https://www.mining.com/web/pilbara-minerals-signals-higher-production-for-fiscal-2025/#:~:text=Broadly%2C%20some%20%E2%80%9Cdoomsday%20headlines%20don,%E2%80%9D%20for%20consumption%2C%20he%20added.">as quoted by Mining.com</a>. &ldquo;Lithium demand from energy storage systems, such as those that back up solar arrays, is growing fast from a low base, and has the potential to be a sleeping giant for consumption.&rdquo;



That, coupled with growing demand for electric vehicles will send lithium prices higher. According to Cox Automotive, U.S. EV sales were up <a href="https://www.coxautoinc.com/market-insights/q2-2024-ev-sales/#:~:text=Electric%20vehicle%20sales%20in%20the,and%20elevated%20levels%20of%20leasing.">11.3% year-over-year</a> in the second quarter, reaching 330,463. Also, as I noted the other day, &ldquo;Those numbers will only improve moving forward, which will only increase the need for more lithium.&rdquo;



That being said, investors should jump on, but not out lithium stocks on dips.



<h2>Albemarle (ALB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/alb1600a-300x169.jpg" alt="Albemarle (ALB) logo on a mobile phone screen"><div>Source: IgorGolovniov/Shutterstock.com</div></div>The pullback in Albemarle (NYSE:<a href="https://investorplace.com/stock-quotes/alb-stock-quote/">ALB</a>) is overdone. In fact, at $90.88, it&rsquo;s actually a steal.&nbsp; While firms like HSBC, Citi, Baird and Wells Fargo are bearish on the stock, and while we don&rsquo;t expect great second-quarter earnings on July 31, it&rsquo;s safe to say the negativity has been priced in. Plus, while we wait for the eventual recovery, we can at least collect its 1.78% yield.&nbsp;



Helping, <a href="https://www.tipranks.com/stocks/alb/forecast">seven analysts rate the stock a buy</a>, with an average price target of $126.65. The highest price target is $190 at the moment. For me, from its current oversold price of $90.88, I&rsquo;d like to see it initially retest $140, with patience.&nbsp;



We also have to remember that if the Federal Reserve does cut interest rates, it could strengthen EV demand. All of which would strengthen the need for more lithium. In addition, the International Energy Agency still believes demand will soon outstrip supply.



<h2>Lithium Americas (LAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/lithium-americas-lac-1600-300x169.jpg" alt="smartphone with logo of Canadian company Lithium Americas Corp on screen"><div>Source: Wirestock Creators / Shutterstock.com</div></div>Weakness in Lithium Americas (NYSE:<a href="https://investorplace.com/stock-quotes/lac-stock-quote/">LAC</a>) is also a buying opportunity. At $2.66, LAC is also a steal, especially with Thacker Pass construction expected this year.&nbsp;



<a href="https://lithiumamericas.com/news/news-details/2024/Lithium-Americas-Reports-First-Quarter-2024-Results/default.aspx">As noted company CEO Jonathan Evans</a>, &ldquo;Thacker Pass is now the only large-scale integrated battery-quality lithium carbonate project in North America with a clear path to production. We have all construction permits in hand and our construction financing and execution readiness are substantially de-risked. We continue to advance detailed engineering and project planning ahead of making the final investment decision, which we expect to do later this year.&rdquo;



That, coupled with stronger demand for all things green should be a powerful catalyst for LAC moving forward.&nbsp;&nbsp;That being said, I&rsquo;d buy the excessive weakness in the LAC stock today and just wait out the chaos.



As <a href="https://www.philanthropyroundtable.org/hall-of-fame/john-templeton/">Sir John Templeton has said</a>,&nbsp;&ldquo;The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.&rdquo;



<h2>iShares Lithium Miners and Producers ETF (ILIT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium1600d-300x169.jpg" alt="Graphic of Lithium scientific symbol (Li) in the shape of a big white gear with construction equipment and mountain around it. favorite Lithium stocks"><div>Source: GrAl / Shutterstock.com</div></div>Or, if you want to diversify with top lithium names, there&rsquo;s the iShares Lithium Miners and Producers ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/ilit-stock-quote/">ILIT</a>).



The ETF invests in 44 lithium miners and producers with an expense ratio of 0.47%. That includes Arcadium Lithium (NYSE:<a href="https://investorplace.com/stock-quotes/altm-stock-quote/">ALTM</a>), Pilbara Minerals, Albemarle, Lithium Americas, and Sigma Lithium (NASDAQ:<a href="https://investorplace.com/stock-quotes/sgml-stock-quote/">SGML</a>).



While its chart is just as ugly as most lithium stocks, it&rsquo;s also a buy on excessive weakness. With EV sales gaining momentum with potential rate cuts, and demand for all things green, ETFs like the ILIT ETF could explode.



On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-lithium-stocks-to-buy-on-the-dip-july-2024/">3 Lithium Stocks to Buy on the Dip: July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Lithium Stocks to Buy on the Dip: July 2024

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<a href="https://investorplace.com/industries/energy/renewable-energy/battery/lithium/">Lithium stocks</a> to watch have been devastated.



But with a good deal of &ldquo;excessive pessimism&rdquo; now priced in, it&rsquo;s time to buy.



For one, we&rsquo;re seeing an uptick in global electric vehicle sales. Two, with mines shutting down or being delayed, supply will begin to dry up. Arcadium Lithium (NYSE:<a href="https://investorplace.com/stock-quotes/altm-stock-quote/">ALTM</a>), for example, just said it would <a href="https://www.bloomberg.com/news/articles/2024-08-06/arcadium-lithium-pauses-expansion-plans-on-prices-supply-glut?srnd=phx-technology">suspend or delay two of its projects</a> with the current lithium glut and price slump. 



However, as we saw in 2022, lithium prices will explode again as supply is cut.



Plus, &ldquo;The world&rsquo;s largest lithium producers told a major industry conference they remain bullish on long-term demand for the electric vehicle battery metal despite the recent price plunge that has forced layoffs and curtailed expansions,&rdquo; <a href="https://www.reuters.com/markets/commodities/lithium-producers-bullish-long-term-demand-despite-recent-price-drop-2024-06-28/#:~:text=LAS%20VEGAS%2C%20June%2027%20(Reuters,forced%20layoffs%20and%20curtailed%20expansions.">as noted by Reuters</a>.



Even Exxon Mobil (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>) just said the world <a href="https://www.bloomberg.com/news/articles/2024-06-26/exxon-backs-ev-demand-growth-to-turn-its-lithium-bet-into-a-win">urgently needs significantly more</a> lithium than it&rsquo;s producing, as noted by Bloomberg. That being said, investors may want to seriously consider buying beaten-down lithium stocks on the cheap.&nbsp;



<h2>Albemarle (ALB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/alb1600a-300x169.jpg" alt="Albemarle (ALB) logo on a mobile phone screen"><div>Source: IgorGolovniov/Shutterstock.com</div></div>Look at Albemarle (NYSE:<a href="https://investorplace.com/stock-quotes/alb-stock-quote/">ALB</a>), for example.



Excessively oversold at $81.60, the lithium giant is also over-extended on RSI, MACD and Williams&rsquo; %R. Plus, it&rsquo;s now sitting at an unsustainable low it hasn&rsquo;t seen since October 2020.&nbsp;&nbsp;



While analysts, including Piper Sandler, Scotiabank, RBC Capital and Bank of America, are still downgrading ALB on lithium price concerns, it&rsquo;s all overdone. Also, while we wait on the eventual recovery here, we can at least collect its yield of about 2%.



Earnings haven&rsquo;t been stellar, but we really didn&rsquo;t expect them to be. In its most recent quarter, its earnings per share of four cents missed by 42 cents. However, revenue of $1.43 billion did beat by $100 million. All of which should improve as lithium prices improve.



Right now, I&rsquo;d just buy the excessive pessimism with ALB and let it ride.&nbsp;



<h2>Sociedad Quimica Y Minera (SQM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/sqm-stock-1-300x169.jpg" alt="Sociedad Quimica y Minera logo displayed on a mobile phone with the company's web page on it. SQM stock"><div>Source: madamF / Shutterstock.com</div></div>Oversold and starting to pivot higher, Sociedad Quimica Y Minera (NYSE:<a href="https://investorplace.com/stock-quotes/sqm-stock-quote/">SQM</a>) is also a buy on weakness. It&rsquo;s also starting to pivot from over-extensions on RSI, MACD and Williams&rsquo; %R. From its last traded price of $36.09, I&rsquo;d like to see it retest $43, near term.&nbsp;&nbsp;Better, while we wait for SQM to push higher, we can collect its current yield of 5.81%.



Just as we saw with ALB, analysts are piling on with price downgrades. But again, a good deal of weakness has been priced into the stock.



Also, just as we saw with ALB, earnings haven&rsquo;t been so hot. But that&rsquo;s really to be expected until we start to see lithium prices break higher.&nbsp;In its first quarter, its&nbsp;<a href="https://www.prnewswire.com/news-releases/sqm-reports-earnings-for-the-three-months-ended-march-31-2024-302153702.html">EPS loss of $3.04&nbsp;</a>missed by $1.46. Revenue, down 52.2% year-over-year, also missed by $60 million.



<h2>Sigma Lithium (SGML)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/lithium1600-300x169.jpg" alt="lithium (LI) on the periodic table. top performing lithium stocks"><div>Source: Shutterstock</div></div>Another one of the most oversold lithium stocks to buy is Sigma Lithium (NASDAQ:<a href="https://investorplace.com/stock-quotes/sgml-stock-quote/">SGML</a>).&nbsp;



At the moment, the Canadian-based company produces lithium at its&nbsp;Grota do Cirilo Project in Brazil. It also has a <a href="https://seekingalpha.com/symbol/SGML">100% ownership stake</a> in properties in the South American country, including Grota do Cirilo, Sao Jose, Santa Clara and Genipapo.&nbsp;



SGML also just announced it will&nbsp;<a href="https://sigmalithiumresources.com/sigma-lithium-announces-final-investment-decision-and-initiation-of-construction-to-double-production-capacity-to-520000t-y/">double production of its Quintuple Zero Green Lithium</a>&nbsp;&ndash; which is produced at its Greentech lithium plant using 100% renewable energy.



Also, trading at just $9.33, it&rsquo;s also oversold on RSI, MACD and Williams&rsquo; %R. Helping, analysts at Bank of America recently raised their price target on the stock to $29 with a buy rating.



We&rsquo;ll also get a better idea of what&rsquo;s happening at SGML when it posts earnings on August 15 after the market close.&nbsp;



<h2>Atlas Lithium (ATLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/06/stocks-to-buy-button-keyboard-1600-300x169.jpg" alt='Blue "buy now" button on a keyboard with finger pressing down on it. French Election Stock Picks'><div>Source: shutterstock.com/Odua Images</div></div>There&rsquo;s also&nbsp;Atlas Lithium&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/atlx-stock-quote/">ATLX</a>), which is developing hard rock lithium project in Brazil&rsquo;s well-known Lithium Valley in Minas Gerais.&nbsp;The company already said it&rsquo;s making&nbsp;<a href="https://www.atlas-lithium.com/news/atlas-lithium-doubles-the-size-of-its-lithium-exploration-footprint-in-brazil-provides-exploration-update/">substantial progress</a>&nbsp;toward producing lithium by the fourth quarter.&nbsp;



In addition, <a href="https://www.atlas-lithium.com/news/atlas-lithium-doubles-the-size-of-its-lithium-exploration-footprint-in-brazil-provides-exploration-update/#:~:text=With%20these%20additions%2C%20Atlas%20Lithium,Manhattan%20Island%20in%20New%20York.">according to the company</a>, it now has &ldquo;the largest lithium exploration footprint in Brazil, totaling 53,942 hectares. To put it into&nbsp;perspective, such an area is greater than nine times that of Manhattan Island in New York.&rdquo;



ATLX is also oversold at $9.25 and is over-extended on RSI, MACD and Williams&rsquo; %R, as well. The last time it was this beaten down was in early 2023 before it ran from about $7.50 to a high of nearly $45. While I don&rsquo;t expect it to retest that high immediate term, I do believe it could retest $17.50 near term from here.



<h2>Pilbara Minerals (PILBF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/stocks-to-buy-1600-300x169.jpg" alt="Stocks to buy: smartphone with the words &quot;buy&quot; and &quot;sell&quot; displayed on the screen. The user's finger is about to press buy. Stock charts are in the background of the image. Momentum Stocks. S&amp;P 600 Stocks to Buy. breakthrough stocks. Mario Gabbeli stocks"><div>Source: Chompoo Suriyo / Shutterstock.com</div></div>Pilbara Minerals (OTCMKTS:<a href="https://investorplace.com/stock-quotes/pilbf-stock-quote/">PILBF</a>) is just as oversold.



And not to sound like a broken record, it&rsquo;s also over-extended on RSI, MACD and Williams&rsquo; %R. Plus, from its last traded price of $1.95, I&rsquo;d like to see an initial retest of $2.80 near term.



With earnings, the company&rsquo;s revenue jumped 58% quarter-over-quarter to $305 million. Its sales volume was also up 43%. It also ended its most recent quarter with $1.6 billion in cash. Helping, the company is also looking to double its production capacity for lithium spudomene at its&nbsp;Pilgangoora mine in Western Australia.



As noted by <a href="https://seekingalpha.com/news/4117971-pilbara-minerals-seeks-to-double-lithium-output-from-flagship-australia-mine">Seeking Alpha</a>, &ldquo;More spodumene from the company&rsquo;s flagship mine could result in a decade of production averaging 1.9M metric&nbsp;tons/year pending a final investment decision on the project, following a feasibility study expected to be completed in late 2025, MiningWeekly.com reports.&rdquo;



With PILBF, buy the weakness. Patience over the long haul should pay off.



<h2>iShares Lithium Miners and Producers ETF (ILIT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/etf-1600-2-300x169.png" alt="Blocks that spell out ETF in front of jar with money and change."><div>Source: SHUN_J / Shutterstock</div></div>Or, if you want to diversify with top lithium names, there&rsquo;s the&nbsp;iShares Lithium Miners and Producers ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/ilit-stock-quote/">ILIT</a>). The ETF invests in 44 lithium miners and producers with an expense ratio of 0.47%. That includes&nbsp;Arcadium Lithium, Pilbara Minerals, Albemarle, Lithium Americas (NYSE:<a href="https://investorplace.com/stock-quotes/lac-stock-quote/">LAC</a>), and&nbsp;Sigma Lithium.



ILIT is also technically oversold at an all-time low. It&rsquo;s also over-extended on RSI, MACD and Williams&rsquo; %R and is overdue to bounce. From its last traded price of $9.37, I&rsquo;d like to see it retest $13 initially.



<h2>Global X Lithium ETF (LIT)</h2>



Just as oversold is the Global X Lithium ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/lit-stock-quote/">LIT</a>).



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.



Some of its 40 holdings include Albemarle,&nbsp;Pilbara Minerals,&nbsp;Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>),&nbsp;BYD Co. (OTCMKTS:<a href="https://investorplace.com/stock-quotes/byddf-stock-quote/">BYDDF</a>),&nbsp;Arcadium Lithium, and&nbsp;Panasonic.



We also have to consider that&nbsp;should we see a stronger green energy boom and a global recovery in electric vehicle sales, the LIT ETF will recover along with lithium prices. At the moment, it&rsquo;s also technically oversold on RSI, MACD and Williams&rsquo; %R. 



It also just caught support dating back to September 2020. It&rsquo;s definitely worth buying and holding for the long haul.



On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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