5 Best Basic Materials Stocks to Buy Now

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In this article, we will take a look at the 5 best basic materials stocks to buy now. To see more such companies, go directly to 13 Best Basic Materials Stocks to Buy Now.

5. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Holders: 46

Chemicals manufacturing company Albemarle Corporation (NYSE:ALB) shares were upgraded recently by BofA to Neutral from Underperform. BofA set a $200 price target on the stock. BofA analyst Matthew DeYoe believes lithium prices could rally on the back of the demand from the EV industry, among other factors.

A total of 46 hedge funds tracked by Insider Monkey have stakes in Albemarle Corporation (NYSE:ALB). The biggest stakeholder of Albemarle Corporation (NYSE:ALB) during this period was Ken Griffin’s Citadel Investment Group which owns a $115 million stake in the company.

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