Three ASX lithium shares had a tough run in November. However, two of these shares have made gains in the year to date.

Looking at their share price movements during the month, Piedmont Lithium Inc (ASX: PLL) shares fell 13.54%, Leo Lithium Ltd (ASX: LLL) shares dropped 11.29%, while Anson Resources Ltd (ASX: ASN) shares plunged 25.81%.

Let’s take a look at each of these ASX lithium shares in more detail.

Piedmont Lithium

Piedmont is aiming to become a “leading American producer of lithium hydroxide” produced from spodumene concentrate. On 2 November, Piedmont released a corporate presentation to the market.

On 16 November, Piedmont advised Sayona Mining Ltd (ASX: SYA) had entered a strategic acquisition and earn-in agreement with Jourdan Resources Inc (TSXV: JOR) for 48 claims of the Vallee Lithium Project. Piedmont has a 25% stake in the project.

Commenting on this news, Piedmont Lithium CEO and president Keith Phillips said:

The claims of the Vallee Lithium Project represent the potential to extend or expand North American Lithium (NAL_ operations over time. At this time, we remain focused on near-term production of spodumene concentrate as NAL advances toward the restart target of H1 2023.

Piedmont Lithium shares may have fallen in November, but they have gained nearly 12% overall year to date. The company is also listed in the United States under the ticker (NASDAQ: PLL).

Anson Resources

Anson Resources is developing the Paradox Lithium Project in Utah, USA. The company is exploring lithium and NaBr from this project.

Anson announced a major upgrade to its mineral resource estimate for the Paradox project in November. The new upgraded resource is:

• 1,037,900t of Lithium Carbonate Equivalent (LCE) and 5.27Mt of Bromine

Commenting on the news, the company said:

The delivery of the mineral resource upgrade represents another significant achievement in the
development pathway of the Project.

Anson shares have soared 70% in the year to date and a mammoth 92% in the last year.

Leo Lithium

Leo Lithium is developing the Goulamina Lithium Project in Mali, West Africa.

On 15 November, Leo Lithium advised it has signed a port services agreement to export spodumene concentrate produced at the Goulamina Lithium Project.

On 28 November, Leo Lithium advised Ron Chamberlain has been appointed chief financial officer and joint company secretary. Commenting on this news, Leo Lithium managing director Simon Hay said:

Ron’s experience in projects and operations in a global setting including Africa will be a real asset to Leo.

Despite falling in November overall, the company’s shares have soared 17% since market close on 28 November.

The post What were the 3 worst-performing ASX lithium shares in November? appeared first on The Motley Fool Australia.

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More reading

• 2 ASX lithium shares to buy, and 3 to sell: brokers
• Ainsworth Game Tech, BHP, Fisher & Paykel, and Leo Lithium shares are charging higher
• Why did the Sayona Mining share price have a tough run today?
• Ex-Tesla Australia boss faces 15 years’ jail for insider trading ASX lithium shares

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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S&P/ASX 200 Index (ASX: XJO) shares have gone through a lot this year. Volatility has picked up, and plenty of ASX 200 shares are trading at lower prices than they were at the start of the year. But this could be a good time to buy ASX shares, in my opinion.

I believe it makes sense to buy assets at a cheaper price. And I think some ASX shares that have dropped in price heavily could be on track for a rebound.

However, it’s important not to anchor to past share prices. Just because something was previously at a share price of $30 doesn’t mean it will get back there any time soon.

Looking specifically at ASX 200 shares that have been sold down but could rebound nicely in the medium term, I like the look of these:

Pinnacle Investment Management Group Ltd (ASX: PNI)

I’d invest $10,000 into Pinnacle shares. If the (ASX 200) share market does indeed rally in 2023, then I think this financial services company is well-placed to benefit. It’s invested in a number of fund managers, so a rise in share prices would be a natural boost to underlying funds under management (FUM) and profitability, and presumably the Pinnacle share price.

I think the business can continue to attract more high-quality fund managers to its stable by offering its services, with areas like legal, compliance, distribution capabilities and seed capital. I’m excited by its potential to grow with overseas managers.

The Pinnacle share price has dropped 40% in 2022, and it’s priced at 18x FY24’s estimated earnings, according to estimates on CMC Markets. I think this price is reasonable, considering the earnings growth rate in the long term could rebound nicely once asset prices aren’t declining.

Breville Group Ltd (ASX: BRG)

I’d invest $4,000 into Breville shares.

The kitchen appliance maker was one of the beneficiaries during COVID-19 as more people spent time at home. But now, investor sentiment has gone into reverse. The Breville share price has dropped by 37% in 2022 to date.

But, even if demand reduces in 2023, I think the company has long-term potential as it enters new markets, launches new products and makes the occasional acquisition.

I think this ASX 200 share is one of Australia’s global success stories. A return to normal supply chain conditions and improving logistics costs can help Breville’s profit margins.

At this lower price, I think it now represents compelling long-term value. According to CMC Markets, it’s valued at 22x FY24’s estimated earnings.

Goodman Group (ASX: GMG)

I’d invest $6,000 into Goodman shares.

I think that Goodman is one of the best property businesses on the ASX. It owns, develops and manages industrial property estates. In addition, the company indirectly benefits the strong demand for logistics and warehouse real estate.

The Goodman share price has sunk more than 30% in 2022, so I think the value looks much more reasonable now.

In Goodman’s FY23 first quarter update, it said that its portfolio occupancy was 99% with a 12-month rolling like-for-like net income growth of 4%. Plus, it had $13.8 billion of development work in progress across 85 projects, which suggests a lot of future rental income in the works.

The ASX 200 share is still expecting operating earnings per security (EPS) to grow by 11% in FY23, which would be a solid increase, in my opinion.

I think that ongoing demand for well-located properties that can improve productivity for customers can lead to good rental growth.

The post How I’d invest $20k in ASX 200 shares in 2023 to capitalise on the stock market rally appeared first on The Motley Fool Australia.

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More reading

• Buy this cheap ASX 200 share with ‘the best property balance sheet on the market’: fundie
• Growth is back: 3 ASX shares to buy now for a 2023 re-rate
• Here are the top 10 ASX 200 shares today
• 2 high quality blue chip ASX 200 shares named as buys by analysts
• Here are the 10 most shorted ASX shares

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woodside Energy Group Ltd (ASX: WDS) share price has been a strong performer over the past 12 months. And in November, the S&P/ASX 200 Index (ASX: XJO) oil and gas stock gained another 3.6%.

The first part of November saw the Woodside share price largely trending higher, while shares dipped over the latter weeks.

Here’s why…

What were ASX 200 energy investors eyeing in November?

The Woodside share price enjoyed some healthy tailwinds from a rebounding oil price in the first part of November.

On the back of what looked to be resurgent demand from China, Brent crude oil leapt from US$95 per barrel on 1 November to US$99 per barrel by 10 November.

The rising energy prices also saw the Woodside mark an eight-year intraday high, with the stock swapping hands for $39.58 per share on 9 November.

Oil prices headed the other way in the latter part of November, dropping to US$85 per barrel by the end of the month. This saw more investors hitting the sell button, pressuring the energy stock.

On 29 November, the Woodside share price dipped again after the company released its FY23 guidance, though shares gained the following day.

In its first full year of production since its petroleum transaction with BHP Group Ltd (ASX: BHP), Woodside forecast production of 180 – 190 million barrels of oil equivalent (MMboe). That was lower than consensus expectations.

And as my Fool colleague James pointed out on the day, “Woodside recently delivered third-quarter production of 51.2 MMboe, which annualises to 204.8 MMboe.”

The company’s production guidance came in well below that annualised quarterly figure.

Woodside share price snapshot

Despite some ups and downs, the Woodside share price has gained an impressive 69% over the past 12 months. That compares to a full-year gain of 1% posted by the ASX 200.

The post What happened with the Woodside share price in November? appeared first on The Motley Fool Australia.

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More reading

• Could our dividends now be too reliant on ASX 200 oil shares?
• Why is the Woodside share price on the slide today?
• 5 things to watch on the ASX 200 on Friday
• Why CogState, Downer, Temple & Webster, and Woodside shares are dropping
• Woodside share price falls as the ASX 200 giant targets 4% annual growth

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Looking for an ASX dividend share or two to buy? Two that analysts at Morgans rate as buys and have on their best ideas list in December are listed below.

Here’s what the broker is saying about them:

Macquarie Group Ltd (ASX: MQG)

This investment bank remains a top pick for Morgans. The broker believes Macquarie is well-placed for the long term thanks partly to structural drivers. It commented:

We continue to like MQG’s exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while it continues to gain market share in Australian mortgages.

Morgans is expecting the investment bank to pay partially franked dividends of 705 cents per share in FY 2023 and 736 cents per share in FY 2024. Based on the current Macquarie share price of $180.24, this implies yields of 3.9% and 4.1%, respectively.

The broker also sees plenty of upside for its shares with its add rating and $214.30 price target.

Telstra Corporation Ltd (ASX: TLS)

Morgans also has this telco giant on its best ideas list.

This is due partly to its successful turnaround. The broker also believes that Telstra’s recent restructure could unlock value for shareholders. It explained:

After a major turnaround, TLS has emerged in good shape with strong earnings momentum and a strong balance sheet. In late CY22 shareholders vote[d] on Telstra’s legal restructure, which opens the door for value to be released. TLS currently trades on ~7x EV/EBITDA. However some of TLS’s high quality long life assets like InfraCo are worth substantially more, in our view. We don’t think this is in the price so see it as value generating for TLS shareholders. This, free option, combined with likely reputational damage to its closest peer, following a major cybersecurity incident, means TLS looks well placed for the year ahead.

As for dividends, it continues to forecast fully franked 16.5 cents per share dividends in FY 2023 and FY 2024. Based on the current Telstra share price of $4.00, this implies yields of 4.1%.

Morgans has an add rating and $4.60 price target on Telstra’s shares.

The post Here are 2 of the best ASX dividend shares to buy: Morgans appeared first on The Motley Fool Australia.

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More reading

• Can the Telstra share price finish 2022 with a bang in December?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why did Telstra have a mediocre performance in November?
• Positive view on Macquarie shares ‘would seem obvious’: fundie
• ‘Back a winner’: Expert names his 3 best ASX shares for 2023

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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