Home Training Smells like Albemarle, the Coinbase deal and the abomination of Alibaba

Smells like Albemarle, the Coinbase deal and the abomination of Alibaba

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Heavy metal noise

Big ones in the skin. Salary flies in the dead of night.

Albemarle (NYSE: ALB) all gather together, then turn off the lights.

This is your one-way ticket to big profits. Call it lithium.

The profit was higher than high, but it is not. Name it heavy metal noise.

I mean, this has be noise, right?

Lithium giant and Great stuff Albemarle holding company Picks beat Wall Street’s earnings expectations for the 13th time in a row! And the company didn’t just exceed expectations… it crushed them so much it made Jamie cry.

Whatever I lacked, the meme continued the currents of Greatness

Hold on! No Van Hagar!

Unfortunately, it just slipped away. My brain can’t manage 55, apparently.

in any case, let’s look at the numbers:

  • Earnings per share: $3.45 vs. $3.04 expected.
  • Revenue: $1.48 billion vs. $1.43 billion expected.

It is simply impressive. And this is exactly the performance I expected Great stuff it is recommended to buy shares of ALB back in October 2021.

But wait! There are more!

Albemarle also raised its full-year guidance to $20.75 a share on revenue of $7.3 billion. That’s up from May’s $14.65 per share on $6 billion in sales, and it means the third time This year Albemarle has canceled the recommendations!

What drives Albemarle’s success? As I’m sure you already know: the demand for lithium.

You know I’m a fan of hydrogen power, but even hydrogen powered vehicles need a battery here or there. And modern batteries require modern solutions. That means more lithium.

Moreover, the demand for electric vehicles (EVs) is increasing. Maybe not so much here in the states. But globally? Yes, growing.

In fact, demand for lithium is so strong that spot prices have soared 400% in the past year alone.

“We have changed our lithium contracting strategy to take greater advantage of these strong market dynamics,” said Albemarle CEO J. Kent Masters.

This is some Darth Vader. “I changed our deal. Pray I will not change it again.’

How’s that for pricing power, Wall Street?

So there was the Albemarle Revenue Report yes impressively, ALB shares are down more than 4%.

I know, right! That was amazing… Wait, what?

Copper Mine vs. Albemarle Lithium Field Mem

Yes.

After a crushing quarter of double-beats and raises, ALB stock ended the day lower.

Why, you ask?

Because Wall Street is very, very worried about this whole recession/stagflation thing. Also, most US investors believe it will be a long time before electric vehicles gain enough market penetration to matter.

So Wall Street considers all EV-related investments speculative … even Albemarle.

Never mind that the company has beaten expectations for the past 13 quarters.

Never mind that the Albemarle company just raised its revenue and earnings expectations for the third time this year.

Never mind that all of Europe will effectively be forced to abandon internal combustion engines within the next five to ten years. (I’m sorry Bill in Nuremberg … you’re not just old and cranky. Lol.)

Never mind that lithium is a critical component of every electric vehicle battery that hits the market — yes, even much more powerful solid state batteries.

At this rate, over-feared Wall Street investors are going to “ignore” the opportunity en masse.

Facts are facts. And the thing is, Albemarle is the king of lithium production. It’s hugely rewarding and growing fast. But if you follow Wall Street’s lead and wait for EVs to become mainstream here in the US, it will be too late.

Bottom Line: If you haven’t bought ALB stock yet, today’s drop is your call to buy this heavy metal company now!

Already have ALB and looking for other EV games? Want to stick it to Wall Street and find undervalued plays that everyone is ignoring amid the market panic? Good, because that’s what Charles Mizrahi did for a living.

According to Charles Mizrahi, a tiny company based in California has developed a new battery that has changed the game. It will cost half as much as current batteries, reducing electric vehicle prices to $10,000 less than the average gas-powered vehicle.

It’s smaller, lighter, and safer… and almost guarantees mass distribution. And this breakthrough technology could be worth life-changing profits.

Click here for full details on this breakthrough battery.

They're going, they're going... Let's go!

Idu: Your entire coin base is owned by BlackRock

Coinbase Blackrock Partnership Crypto Bitcoin Meme

Big onesyou know how crypto hodlers have always supported the idea that more and more institutional investors are buying bitcoin?

And then the crypto market will be flooded with money and all the hodlers will get rich overnight and yay, it’s all gravy in crypto land?

No, not really, but I’m sure you’re going to tell me more.

You are right! While I can’t comment on specific crypto racers grabbing instant riches — however you still dream, someone has to — another part of their crypto fantasy has now come true.

Institutional investors can now invest in crypto through who else but Coinbase (Nasdaq: COINS). How big a deal is this? How about something … as big as the world’s largest asset manager?

yes indeed Coinbase is merging with BlackRock to provide institutional investors with “crypto trading, custody, prime brokerage and reporting capabilities”.

Reporting capabilities? Oh boy oh boy!

Hey, you’re all kidding, but that means a tons cash is about to flood into Bitcoin just as many BTC hodlers are falling hard, a major blow to the confidence of crypto in general.

um phrasing Great stuff.

I’m not saying that Coinbase is going back to Great stuff Picks a portfolio… But at least I’m saying that someone there is some business sense left at Coinbase HQ after all this NFT nonsense and employee rating shenanigans.

Wall Street clearly saw the difference between this partnership and Coinbase’s past attempts to increase profits, sending COIN shares up 31% on the news.

Unfortunately, however, COIN shares failed to close above the $100 mark today… which might have led me to recommend a buy. The BlackRock deal doesn’t quite make up for Coinbase’s previous incompetence… but it comes pretty close. We keep a close eye on COIN stocks, let me tell you.

On the other hand… shh, who actually still buys and holds bitcoins? Like, really now. Mike Carr already said that “buy and hold dead” … and you can find out why right here.

Goes: BABA Abomination

Alibaba meme before and after Jack Ma's salary

Alibaba (NYSE: BABA), arguably the world’s largest e-commerce platform, just reported earnings. And if I were a BABA investor, would I be getting ready to pull a Jack Ma and…um…run for the hills?

Take a long “vacation?”

Yes, let’s say it and remain diplomatic today.

Facts and figures? It’s a double whammy:

  • EPS: $0.22 vs. estimates of $0.20.
  • Revenue: $30.7 billion vs. estimates of $30.3 billion.

Wow! It’s wonderful! Why…why do you look upset Great stuff?

Going by the numbers, everything seems luxurious for Alibaba, right?

Incorrect. It turns out that analysts were too pessimistic — for the first time this earnings season — and when you put those numbers into context, Alibaba is sliding down a steep slope of consumer sentiment.

Why should you speak in metaphors? Spit it out!

At this time last year, Alibaba reported revenue growth of 34%. While the company was conservative and actually forecast a drop in revenue this quarter instead of the flat sales growth it actually posted, analysts saw the writing on Wall Street.

This means a big drop in Chinese consumer spending. After such a sharp increase in sales last year, this year’s flat revenue looks miserable. That looks even worse when you realize that number includes a 1% drop in Alibaba’s core Chinese consumer segment.

And we all know how much Wall Street hates future uncertainty when people stop buying junk…

Gone: Like Alibaba, so below

Personal Sauna Wayfair Earnings Meme

Wow, when people spend less money online, I can’t wait to see how Wayfair (NYSE: V) income statement succeeded…

So, which one is the most correct? Not you, Wayfair: Earnings per share did not reach the mark — posting a loss of $1.94 versus estimates of a loss of $1.90, but profit was higher, albeit by only $100 million.

At first, W investors — not to be confused with gain investors — may worry about the fact that earnings aren’t lagging behind, plus the fact that earnings losses continue to grow each quarter.

But there’s more to worry about in Wayfair’s report…

Don’t let this sale fool you. Wayfair’s U.S. revenue fell 9.7%, which is very disappointing, but not as terrible as the 35.7% drop in international revenue.

So much for maximum global penetration…

Seriously, we don’t “phrase” anymore?

But wait, it gets worse! As of the last report, the number of active customers has decreased by 24%., with this figure taking into account all buyers who have used the site within the past year. Yes – the past year. So all those people who were still shopping in 2021? This drop includes it.

And what happened last year? Almost everything became more expensive. People began to spend their money more wisely … or if not wisely, at least. Gone are all those people buying up furniture and home goods to make their cushions more livable during lockdown. It’s time to leave.

If you have gas money…

Except who stays active active furniture customer for many years? Do you update your coffee tables that often? I don’t think so.

It’s no wonder why people shop less on Wayfair’s platform than they do on Alibaba. But surprisingly, both stocks continued to rise today amid devastating earnings reports, with Albemarle taking the second seat.

Wall Street … right?

You know what’s free?

Whoah whoah! Great stuffofficial TikTok!

If you’ve somehow missed all the other shameless rants I’ve been doing over the past few weeks, here’s a sign for you.

Market memes and insights you dig in these emails? Now you can find it on TikTok where it’s easy *hint hint* share the fun with your friends. Please!

If you’ve already checked out TikTok, let me know what you think of it by… you know… commenting. Or, if you want to stay a little old fashioned, let me know in my inbox: GreatStuffToday@BanyanHill.com.

In the meantime, here’s where you can find our other junk – er, I mean, where you can check out more The size:

Sincerely,
Joseph Hargett.  Great Stuff Editor

Joseph Hargett
editor, Great stuff

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