Even though the electric vehicle revolution is still in its infancy, its long-term outlook looks promising. The demand for Lithium is expected to triple in the next seven years which is all good news for major players of the global battery materials market such as FMC Corp (NYSE:FMC). Electric vehicle makers noticed that the high cost of batteries could hamper the growth of the market, therefore, manufacturers started focusing on producing new batteries that are cost-efficient and doesn’t affect the quality of the batteries.
FMC has plans to use its high-grade lithium hydroxide for the long-term development of electric vehicles. Lithium profitability doubled as the price increased by 30% this year. Moreover, the demand for energy grid storage coupled with expanding demand for lithium-ion (L-ion) batteries are just a few reasons we like FMC Corp (NYSE:FMC) and why it has been moving up on the Hade Platform Top 100 Stocks. To see all top 100, register for free at hadeplatform.com.
Over the past week, FMC Corp (NYSE:FMC) investment grade on the Hade Platform has risen steadily, making it a Top 30 stock. Ironically, this stability in overall rating happens during a time when the overall market is falling, and as our investment grades as an average have consistently declined for the last four months, effectively predicting a correction.
With overall investment grades still lower, we suggest holding large sums of cash and being very selective when making investment decisions. According to FMC stock’s current grade, it might very well be one of those selective opportunities. Why should you trust our ratings? The Hade Platform has proven over the course of three years through the application of DLAs and artificial intelligence that it consistently outperforms Wall Street consensus estimates (63%) and major benchmarks such as the S&P 500 (250%). Access our premium services and start beating the market.
