Jim Cramer on Albemarle: "It's Too Volatile"

Albemarle Corporation (NYSE:ALB) is one of the stocks on Jim Cramer’s radar. During the lightning round, a caller asked about the company, and Cramer commented:

“No, it’s too, we’re not going to go there. It’s too volatile and too hard to actually nail down. I’m going to say skip that one.”

Albemarle Corporation (NYSE:ALB) produces lithium compounds and other specialty chemicals for applications in energy storage, mobility, and other industrial uses. The company also provides catalysts, bromine products, and recycling services. Cramer mentioned the company in a June episode and said:

“Next is Albemarle. This is a chemical company that produces lithium. I honestly don’t know where this one’s coming from. We haven’t suddenly seen a surge in electric vehicle sales that I’ve seen, or any tax credits in the Congressional bill. It’s a broadening out mystery, could be happening.”

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Disclosure: None. This article is originally published at Insider Monkey.