2 Stocks Popping After Analyst Upgrades

Albemarle calls are being picked up at a faster-than-usual clip

Deputy Editor
May 15, 2023 at 10:54 AM
facebook twitter linkedin


Albemarle Corporation (NYSE:ALB) and DuPont de Nemours Inc (NYSE:DD) both sport healthy leads this morning, after analysts upgraded the two stocks.

Baird upgraded ALB to "outperform" from "neutral" and hiked its price target to $288. noting the lithium maker's shares could add more than 45% and may be a near- and long-term leader. The equity is up 4.5% to trade at $204.53 at last glance, rallying back from its late-April, 12-month low of $171.93. Year-to-date, however, Albemarle stock is 6.2% lower.

Call traders are taking up space in ALB's normally quiet options pits. Already today, 3,616 bullish bets have been traded, which is double the amount typically seen at this point. Most popular is the May 210 call, indicating these traders see more gains to be had by this week's end.

DuPont de Nemours stock is 2.3% higher to trade at $65.22 at last check, after Deutsche Bank praised its price compared to its peers. The Wall Street firm upgraded the chemical stock to "buy" from "hold" and raised its price objective to $80 from $70, noting it is 50% more affordable than its competitors.

This bull note is in stark contract to recent analyst sentiment, as a deluge of price-target cuts rolled in after the company's early May earnings report. In fact, that quarterly outing resulted in a bear gap that DD is still attempting to recover from, and contributed to its 5.1% year-to-date deficit.

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 

300x250 - Banner 3 - v1