For Tuesday morning, investors have three stocks to watch that recently dipped.
In the mining sector, Albemarle (ALB) lost 8.91% to close at $96.23. The firm declared a 40-cent dividend, where the stock trades ex-dividend on Dec. 12. The stock fell likely on speculation that the U.S. and China trade talks would go well. That might lead to China producing more lithium.
Newmont Mining (NEM) fell alongside the drop in gold prices. Shares likely peaked at $98.58, as it opens at $78.63 today. Though trade talks between the U.S. and China are going well might hurt gold, the price drop is likely due to central banks selling the metal.
Ford (F) pulled back from a recent 52-week high. Speculators need Ford to effectively carry out warranty work at low costs. In addition, it needs to have fewer recalls.
Super Micro Computer (SMCI) is the fourth stock to watch. Shares gained 6.79% on Monday to close at $51.57. Despite posting Q1 sales that missed estimates by around $1.5 billion, buyers bought the stock. SMCI has a 15.58% short interest against it.
Lastly, Qualcomm (QCOM) entered the AI accelerator market on Monday. The AI200 and AI250 chip-based accelerator cards and racks would compete with AMD (AMD) and Nvidia (NVDA). Investors should consider taking profits if QCOM stock trades above $200 again. Shares closed at $187.68, up by 11.09% on Monday.
