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 X logo 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.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI