Lithium

Gains

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<p class="has-drop-cap">As markets continue to fluctuate, investors are keeping a close eye on several key stocks, including tech giant Nvidia (<a href="https://tokenist.com/investing/how-to-buy-stocks/" rel="dofollow" class="deco-link">NASDAQ: NVDA</a>), lithium producer Albemarle (<a href="https://tokenist.com/investing/how-to-buy-shares-online/" class="deco-link">NYSE: ALB</a>), and banking powerhouse Citigroup (<a href="https://tokenist.com/investing/how-to-invest-in-stocks/" class="deco-link">NYSE: C</a>). </p> 
<h3 id="nvidia-nvda-continues-upward-momentum-analysts-increase-price-target">Nvidia (NVDA) Continues Upward Momentum, Analysts Increase Price Target</h3> 
<p>Nvidia’s stock continues its impressive rally, surging 2.49% to $131.39 in <a href="https://tokenist.com/investing/how-to-trade-after-hours/" rel="dofollow" class="deco-link">morning trading</a>. The chipmaker has seen its shares skyrocket 165.37% year-to-date, fueled by strong demand for its AI-enabled products. KeyBanc recently <a href="https://www.barrons.com/articles/nvidia-stock-analyst-chip-sales-b39a5ff5" target="_blank" aria-label="raised its price target for Nvidia to $180 (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">raised its price target for Nvidia to $180</a> from $130, marking the seventh analyst to boost projections in July alone.<br><br>Analysts are particularly bullish on Nvidia’s next-generation <a href="https://tokenist.com/nvidia-unveils-new-chip-architecture-analyst-forecasts-10-trillion-valuation-by-2030/" rel="dofollow" class="deco-link">Blackwell AI chips</a>, with some forecasting $200 billion in AI-chip sales next year. The company’s market cap has swelled to $3.232 trillion, reflecting investor confidence in its long-term growth prospects.</p> 
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<h3 id="albemarle-alb-faces-headwinds-market-conditions-weigh-in-on-the-lithium-stock">Albemarle (ALB) Faces Headwinds, Market Conditions Weigh in on the Lithium Stock</h3> 
<p>Albemarle, a leading lithium producer, is facing headwinds as concerns over market conditions and pricing weigh on investor sentiment. The stock is down 6.33% to $92.87 in the current session, continuing a challenging year that has seen shares decline 35.28% year-to-date.</p> 
<p>Robert W. Baird recently <a href="https://www.marketbeat.com/instant-alerts/nyse-alb-lower-price-target-2024-07-09/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">lowered its price target for Albemarle to $127.00</a> from $170.00, though it maintained an “outperform” rating. Despite the reduced target, this still represents a potential upside of 34.99% from the previous close. Analysts maintain a consensus “Hold” rating on the stock, with an average price target of $154.26.</p> 
<h3 id="citigroup-c-stock-gains-ahead-of-q2-results">Citigroup (C) Stock Gains Ahead of Q2 Results</h3> 
<p>Citigroup’s stock is breaking out ahead of its <a href="https://www.morningstar.com/news/marketwatch/2024070874/jpmorgan-chase-citi-and-wells-fargo-earnings-to-follow-relative-strength-in-their-stocks" target="_blank" aria-label="Q2 earnings report (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">Q2 earnings report</a>, scheduled for July 14. Shares are up 2.70% to $66.49 in current trading, bringing its year-to-date gains to an impressive 31.62%. <br><br>The banking giant has a history of beating earnings estimates, and analysts are predicting a robust Q2 report despite challenges in the broader financial sector.<br><br>While revenue is expected to decline from Q1 levels, Citigroup’s investment banking and personal banking units are showing solid performance. <br><br>The stock’s current price remains below the average analyst target of $68.02, suggesting potential upside. However, investors should be mindful of concerns over rising credit charges and the inherent volatility in the trading segment.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/stocks-to-watch-today-citigroup-nvidia-and-albemarle/">Stocks to Watch Today: Citigroup, Nvidia, and Albemarle</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Citigroup, Nvidia, and Albemarle

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