Latest News

‘It is like watching a plane crash’ — Michael Burry thinks the market has plenty of room to plunge. But he finally sees value in these 4 stocks

0

Motley Fool

Why Lithium Americas Stock Crashed Today

Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year — a pothole that precedes a bigger fall off a cliff. By next year, the banker believes, lithium prices will average just $16,000, a staggering 73% decline from present-day prices.

Stock market news live updates: Stocks slide after data impresses, Dimon warns

Previous article

J.P. Morgan Sees an ‘Attractive Entry Point’ in These 2 Stocks

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News