Investors who want to take advantage of the stock market’s volatility have plenty of companies to choose from. In the technology sector, the relentless demand for memory chips is lifting Micron Technology (MU) again today. MU stock gained in early morning trade 8.54%, an all-time high.
The firm broke ground on a memory manufacturing facility in Onondaga County, New York. The subsidies should more than offset the high taxes for choosing that location.
The artificial intelligence boom runs contrary to the slump in utility stocks. Vistra (VST) pulled back from its $180 rip from the previous day. VST stock has a bearish “multiple top” signal at near $220. Constellation Energy (CEG) is also fading. After holding steady at $360, shares are at $320.45, their 50-day simple moving average.
GE Vernova (GEV), which benefits from the rising energy demand, is still a long-term hold. The stock benefited from expectations that an emergency wholesale electricity auction would address power reliability and affordability concerns.
In the lithium mining market, Albemarle (ALB) traded at $164.72. It traded at a yearly high of around $180 the previous day. Lithium prices are firm because China is restricting its domestic firms from excess mining activity. ALB stock, along with SQM (SQM) and Lithium Argentina (LAR), all traded at yearly highs on January 12.
