Stocks to Watch Thursday: Albemarle, Carmax, Illumina, and More




When Albemarle (ALB) traded at multi-year lows on Tuesday, buyers speculated that the worst was over for the lithium miner.

ALB stock gained 7.11% on Wednesday, up by 7.11%. Valuation, growth, profitability, and momentum are all weak. However, four analysts raised their EPS expectations while 12 lowered them. At a $10.6 billion market capitalization, a cash-rich electric vehicle firm or another miner may consider buying Albemarle.

CarMax (KMX) gained 6.5% yesterday on no news. Valuations remain unattractive at a 24.3 times forward price-to-earnings ratio. Be wary of traders selling KMX to book profits. This would hurt the S&P 500 slightly.

Qorvo (QRVO) and Walgreens Boots Alliance (WBA) are also worthwhile watching today. QRVO stock benefited from buyers buying AI-related names. Walgreens declared a generous $0.25 quarterly dividend. Shareholders are unclear about how Walgreens can afford the distribution. The drugstore is closing up to 25% of its stores. Unless those closures increase its net profit margin, Walgreens is at risk of cutting its dividend.

The WBA stock rally did not help CVS Health (CVS) yesterday. That may change today. Watch CVS stock as buyers take advantage of CVS’s cheap valuation and a sustainable forward yield of 4.62%.



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