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Lithium stocks could be one of the biggest stories of the year.
For one, demand is set to accelerate on the heels of the electric vehicle boom – which shows no signs of slowing. In fact, according to USA Today, electric vehicles made up about 5% of new auto sales last year. For 2023, analysts at S&P Global Mobility project for EVs to make up about 8% of the market, 15% by 2025, and 37% by the time 2030 rolls around.
Two, the International Energy Agency warns that the, “The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met.”
Three, “The (lithium) market is tighter than it was last year," Eric Norris, head of Albemarle's Energy Storage division, as quoted by Reuters. "There's significant supply coming on, but the demand growth is more significant."
The Square of Nine is sometimes also referred to as the Master Time and Price Calculator. It is also referred to as the Octagon Chart. This is because there are eight squares (Octa meaning eight) surrounding the central square.
The Square of Nine has nothing to do with squaring 9 as in 9 X 9. The term square simply refers to the geometric 2 dimensional shape of a square. As well, there are nine boxes which make up the inner most, or centre square. Hence the name Square of Nine.
This upcoming week is a BIG week for Earnings Announcements. Four of the five FAANG stocks are set to release their earnings this upcoming week. Any one of them has the ability to move the market as a whole, shocking numbers (good or bad) by more than one can certainly move the market.
Wednesday, February 1
After the Close: Meta (META)
Thursday, February 2
After the Close: Apple (APPL), Amazon (AMZN), Google (GOOGL), Ford (F), Qualcomm (QCOM), Starbucks (SBUX), US Steel (X)
While these Earnings Announcements can certainly cause extra market volatility, they may not be the biggest Market-Wide events this upcoming week.
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