The WA1 Resources Ltd (ASX: WA1) share price has been on fire over the past two weeks.

On Friday 21 October, shares in the ASX copper explorer closed at 14 cents. With WA1 Resources up another 25% today to $1.87, the share price is up an eye-popping 1,236% in just two weeks.

In other words, a $100 investment in the company two weeks ago would be worth $1,336 today.

Quite a performance for a junior explorer that only recently listed on the ASX, commencing trading on 8 February.

Here’s what’s been driving investor interest.

WA1 Resources share price surges amid promising early drilling

The WA1 Resources share price got a huge lift on 26 October after the miner released the first drill results from its West Arunta Project in Western Australia.

The miner reported it had intersected mineralised carbonate with significant yields of niobium. Niobium is listed as a critical and strategic mineral for its vital role in global technology by Australia, the United States, the European Union, Japan and India.

The intersections came amongst the seven holes drilled as part of the explorer’s maiden drill program.

Commenting on those results, WA1 Resources managing director Paul Savich said:

For our first hole at P2 to have intersected high-grade niobium mineralisation that remains open and with the highest grade at the end-of-hole (2m at 1.22% Nb2O5) along with elevated rare earth elements and phosphorus, is an exciting result.

Savich noted that ferroniobium metal (65% Nb) sells for US$45,000 per tonne.

The WA1 Resources share price closed up… wait for it… 418.5% higher on the day.

What happened next?

With shares continuing to surge over the following days, albeit at a slower pace, WA1 requested that its share be placed into a trading halt on Tuesday, 1 November, pending a market announcement.

That announcement, released after the closing bell on Wednesday in response to an ASX volume query, stated that WA1 was complying with the listing rules, and said its share price and volume moves could be due to “substantial recent media coverage” of the niobium discovery it reported at West Arunta.

The WA1 Resources share price went on a rollercoaster after the miner resumed trading after that release, initially rocketing 47% before closing the day down 25%.

As mentioned up top, WA1 shares are again leaping higher today, up 25% at the time of writing.

The post Why has the WA1 Resources share price exploded 1,200% in two weeks? appeared first on The Motley Fool Australia.

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More reading

• Up 47% and down 25% in one day, what’s with this ASX mining share?
• Why was this ASX mining share placed on ice after exploding 60% today? 
• 3 ASX mining shares going gangbusters on Thursday

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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has recovered from a poor start and is pushing higher. At the time of writing, the benchmark index is up 0.35% to 6,881.4 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price is down 1.5% to $5.40. This follows a lukewarm reaction to its US FDA approval from analysts at Credit Suisse. The broker has responded by retaining its neutral rating with a slightly higher price target of $5.30. The broker warned that the quality of A2 Milk’s earnings in the US will be lower due to higher costs and lower pricing.

Bravura Solutions Ltd (ASX: BVS)

The Bravura share price is down a further 3.5% to 60.7 cents. This financial technology company’s shares have been smashed this week after it announced the results of a strategic review. Following the review, management admitted that the Bravura will need to be “reconfigured.” This will involve “enhancing the existing technology stack to unlock the existing microservices strategy, drive higher resale multiples on technology development and reduce single customer efforts.”

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price has fallen 3% to $9.50. This has been driven by the release of another disappointing funds under management (FUM) update from the struggling fund manager. Magellan revealed further net outflows of $2.4 billion for the month. This comprised net retail outflows of $0.4 billion and net institutional outflows of $2 billion.

Pendal Group Ltd (ASX: PDL)

The Pendal share price is down 1.5% to $4.45. This follows the release of the fund manager’s full year results this morning. Pendal reported a 17% increase in underlying profit after tax to $194.2 million but a 32% decline in statutory profit after tax to $112.8 million. The latter reflects significant seed investment gains in 2021 that reversed in the current year as global equity markets declined.

The post Why A2 Milk, Bravura, Magellan, and Pendal shares are dropping appeared first on The Motley Fool Australia.

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More reading

• This ASX 200 dividend share has a 19% yield right now. Why it’s a trap: experts
• Magellan share price hits multi-year low following $2.4b horror month for outflows
• Here are the top 10 ASX 200 shares today
• Why Bravura, Domino’s, Lendlease, and Woolworths shares are sinking
• Why A2 Milk, New Hope, Perpetual, and Talga shares are charging higher

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 positions in and has recommended Bravura Solutions Ltd. The Motley Fool Australia has positions in and has recommended Bravura Solutions Ltd. The Motley Fool Australia has recommended A2 Milk. 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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Atlassian Corp (NASDAQ: TEAM) may be the most famous Australian company that isn’t listed in Australia. Sure, the names of its founders and co-CEOs, Mike Cannon-Brookes and Scott Farquhar, may be household names in the ASX investor community at least.

That’s been helped in recent times by Cannon-Brookes’ ongoing moving and shaking at AGL Energy Limited (ASX: AGL). But Atlassian is, for all intents and purposes, an American company. It’s listed solely on the US NASDAQ exchange after all, with no ASX presence.

But even so, Atlassian could be having an outsized impact on ASX tech shares today.

This tech company has just had a shocker over on the US markets. Atlassian shares last closed at US$174.17 each. But that was during normal trading hours. Its after-hours performance was far bleaker. In after-hours trading, Atlassian shares were down a horrible 22.6% to just UD$134.73. That would be a loss of close to US$10 billion in market capitalisation. Ouch.

The catalyst for this precipitous drop appears to be a quarterly earnings update the company put out after the close of last night’s US trading session.

Atlassian shares smashed on less-than-rosy outlook

Atlassian reported US$807.4 million in revenues for the three months to 30 September, up 31%. Gross profits also rose from US517.77 million to US$668 million. However, operating income fell from US$165.43 million to US$147.9 million.

But perhaps investors were more spooked about what Atlassian had to say about its outlook:

Last quarter, we shared that we saw a decrease in the rate of free instances converting to paid plans. That trend became more pronounced in Q1. This quarter, we started seeing a slowing in the rate of paid user growth from existing customers.

The above two trends are the result of companies tightening their belts and slowing their pace of hiring. In other words, Atlassian is not immune to broader macro impacts. Our outlook assumes these trends will persist…

Whatever the reasons, it is clear that investors were pretty put off by what Atlassian had to say.

So this could be why we are seeing some big gyrations in ASX tech shares today. As an Australian-run US tech company, Atlassian could be described as something of a north star for our own ASX tech shares.

Thus, it’s perhaps no surprise that we saw companies like Xero Limited (ASX: XRO) and WiseTech Global Ltd (ASX: WTC) get a pounding this morning. WiseTech was down by 2.2% at one stage, while Xero had lost 1.35%.

Both of these companies have since recovered. But even now, Hub24 Ltd (ASX: HUB) and Pro Medicus Ltd (ASX: PME) are down by 3.8% and 2.9%, respectively.

Perhaps Atlassian is to blame.

The post US$10 billion was just wiped from the value of Atlassian. How are ASX 200 tech shares responding? appeared first on The Motley Fool Australia.

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More reading

• Leading fund manager names the 3 ASX stocks that drove its returns higher in October
• What’s the outlook for the Xero share price in November
• How are ASX 200 tech shares faring after the overnight NASDAQ plunge?
• Two 5-bagger health tech ASX shares ready to rocket again: expert
• These were the best-performing ASX 200 shares in October

Motley Fool contributor Sebastian Bowen has positions in Atlassian. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Atlassian, Hub24 Ltd, Pro Medicus Ltd., WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Hub24 Ltd, Pro Medicus Ltd., WiseTech Global, and Xero. 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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ASX lithium shares are just all the rage on the share market right now. And why wouldn’t they be? The world is going crazy for electric vehicles (EVs) and lithium is the stuff that makes EV battery engines work.

In a recent investor presentation, Argo Investments Limited (ASX: ARG) demonstrated that global EV sales are expected to climb dramatically from about six million in 2022 to 30 million in 2030.

Consequently, global demand for lithium — while already big now — has a long runway ahead.

The lithium carbonate price has already hit yet another record high this month at US$78,384.93 per tonne.

The consensus among analysts is the long-term price will fall back to US$36,000 per tonne.

Some experts say that’s “far too low” but regardless, it would still be historically high. Two years ago, lithium was going for US$5,435 per tonne.

As a resource-rich nation that is already the world’s biggest lithium exporter, Australia is extremely well-positioned to capitalise on this trend.

Over the next year alone, the federal government forecasts the value of our lithium exports to rise to $13.8 billion in 2022-23, up from $4.9 billion in 2021-22.

Which ASX lithium shares should you buy?

The fun part of this lithium investing craze is that there are many ASX shares for investors to choose from.

On our own stock market, we’ve got pure-play lithium explorers, lithium mining and refining companies, and major miners that have recently diversified into lithium.

Here we pit two of the most popular options against each other. Core Lithium Ltd (ASX: CXO) shares vs. Allkem Ltd (ASX: AKE) shares.

Let’s review some of the key metrics and differences to try and determine which might be the better buy.

Should you buy Core Lithium shares?

Core Lithium shares are the best-performing ASX lithium shares in 2022, up 119% year to date.

In fact, Core Lithium is the fourth fastest-growing share out of the 500 shares that comprise the S&P/ASX All Ordinaries Index (ASX: XAO).

At the time of writing, the Core Lithium share price is $1.38, up 2.2% for the day so far.

The company has a market capitalisation of $2.55 billion.

Core Lithium is a lithium explorer. It is reportedly only months away from first production at its Finniss Lithium Project in the Northern Territory. The mine was officially opened last month.

Core Lithium recently increased its mineral resources and ore reserve estimate for Finniss.

About 80% of planned production from Finniss over its first four years of operations is currently covered by offtake agreements. That’s a great headstart on sales in anyone’s language.

The company’s latest report to the ASX covered the three months to 30 September. Bear in mind that Core Lithium is not yet producing any lithium, so it’s not making any money.

As my Fool colleague Brooke reported:

• Used $3.75 million of cash in operating activities
• Used $35.8 million in investing activities, including exploration and the purchase of equipment
• Ended the quarter with $95.5 million in cash and equivalents

Core Lithium announced a fully underwritten $100 million institutional placement on 30 September. The funds will be used to expand ramp up progress at Finniss.

Should you buy Allkem shares?

Allkem shares are up 32% in the year to date.

The Allkem share price is currently $14.75, up 4.65% for the day so far.

The company has a market capitalisation of $9.21 billion.

One of the biggest differences between Allkem and Core Lithium is that Allkem is producing lithium now.

As my Fool colleague Bernd recently covered, Allkem’s projects are primarily located in Argentina. It supplies lithium carbonate to a variety of industrial and technical sectors.

The miner is among the lowest-cost lithium producers in the world. It aims to triple its production by 2026. Management is aiming for a 10% share of global lithium production over the long term.

Another key difference between Core Lithium and Allkem is that Allkem is making money.

Here are the company’s FY22 results in summary:

• Revenue up 800% yoy to US$770 million
• EBITDAIX of US$513.1 million
• Consolidated net profit after tax (NPAT) of US$337 million, up from a loss of US$89.5 million in FY21

In its September quarter results, Allkem reported group revenue of US$298 million and a cash margin of approximately US$244 million. It reported group net cash of US$447 million, up US$28.9 million on the June quarter. The company revealed some cost pressures, as my Fool colleague James reported.

What do the experts think?

As amateur investors, it’s always a good idea for us to read the experts’ opinions on the ASX shares we’re looking to invest in. The experts can sometimes disagree, but what’s important is learning the information that led to them forming their views. They’re professionals and they’re likely to know more about each company than we do, and they’re likely to have considered factors we might not have thought about.

The Fool routinely reports on ratings changes and buy, sell, or hold recommendations from the top brokerage firms. As my Fool colleague James wrote yesterday, Macquarie is very positive on the outlook for Allkem. It has a 12-month share price target of $21 on Allkem, implying a 42% upside from here.

Last month, another Fool colleague Zach wrote that Refinitive Eikon data shows three out of three brokers covering Core Lithium rate it a buy. The consensus price target among them is $1.60. That implies a potential upside of 16% from here.

Who wins?

It’s impossible to give you all the information you need to make this important decision in one article.

Today, we’ve given you a snapshot of some key metrics and differences between the two companies.

From here, we suggest you read the Core Lithium annual report and the Allkem annual report.

You may find our article ‘How to choose which shares to buy‘ useful.

We also have a report ‘Investing in ASX lithium shares‘ where you can read about other companies in the lithium space.

The post Which is the better ASX buy, Allkem or Core Lithium shares? appeared first on The Motley Fool Australia.

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More reading

• Why are ASX lithium shares smashing the market today?
• 2 excellent ASX growth shares that analysts say are buys
• Here are the 3 most traded ASX 200 shares on Thursday
• Why is the Core Lithium share price tanking 3% today?
• Could ‘no deal’ with Tesla actually be good news for Core Lithium shares?

Motley Fool contributor Bronwyn Allen has positions in Allkem Limited and Macquarie Group Limited. 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 recommended Macquarie Group Limited. 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 Pointsbet Holdings Ltd (ASX: PBH) share price is once again in the red, falling another 2.4% on Friday. That brings its fall for the last two days to a whopping 8.6% despite no news having been released by the company in that time.

However, AUSTRAC has put the corporate bookmaking sector on notice as it launched an investigation into industry giants.

That same day, the Pointsbet share price plunged 6.4%. Today, it’s back in the red.

The Pointsbet share price is currently down 2.4%, trading at $2.01.

For comparison, the All Ordinaries Index (ASX: XAO) is lifting 0.3% right now.

Let’s take a closer look at the warning the watchdog has issued the industry.

Could this be weighing on the ASX bookmaker share?

The Pointsbet share price has tumbled over the last two sessions alongside some of its ASX-listed peers.

The share price of gambling and entertainment services provider Tabcorp Holdings Limited (ASX: TAH) slipped 1% yesterday, and is down 2.4% right now. And while that of Bluebet Holdings Ltd (ASX: BBT) went nowhere yesterday, it’s falling 6.8% today.

The gaming stocks’ falls come amid news AUSTRAC is intent on cracking down on suspected breaches of anti-money laundering and counter-terrorism financing among their peers.

AUSTRAC CEO Nicole Rose commented on the regulator’s latest probe, saying:

Sportsbet and Bet365 are amongst the largest operators in the corporate bookmaking sector. AUSTRAC is putting the whole industry on notice to lift their game.

AUSTRAC has appointed an external auditor to assess Sportbet’s and Bet365’s compliance with anti-money laundering and counter-terrorism financing legislation.

The watchdog will decide the extent of the probe and the bookmakers will pick up the bill. The outcome will form the regulator on whether action is required.

It comes just months after the watchdog commenced an enforcement investigation into Ladbrokes operator Entain Group following “an extensive supervisory campaign that assessed entities within the corporate bookmakers sector”.

Pointsbet, nor any other ASX-listed entity, were named in either of AUSTRAC’s releases. Though, it’s yesterday’s news that likely put focus on some of the stocks.

Pointsbet share price snapshot

This week’s falls are just the latest faced by the Pointsbet share price this year.

The stock has tumbled 70% since the start of 2022. It has also dumped 75% since this time last year.

Comparatively, the All Ordinaries Index has fallen 11% year to date and 9% over the last 12 months.

The post Why has the Pointsbet share price dumped 9% in 2 days? appeared first on The Motley Fool Australia.

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More reading

• Why is the PointsBet share price dropping today?
• Why is the PointsBet share price on a losing streak today?
• Why did the Pointsbet share price surge 12% on Wednesday?
• Why Baby Bunting, Calidus, Pointsbet, and South32 shares are falling
• Why Lake, Pilbara Minerals, PointsBet, and PolyNovo shares are charging higher

Motley Fool contributor Brooke Cooper 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 Pointsbet Holdings Ltd. The Motley Fool Australia has recommended BlueBet Holdings Ltd and Pointsbet Holdings Ltd. 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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Finding a future ASX 200 dividend heavyweight can be a very rewarding activity indeed. Even if a company is readily increasing its dividends over time, its share price will follow suit.

As such, getting in early before these share price rises can make for a very happy ASX share portfolio indeed. But of course, like any successful investment strategy, this is easier said than done.

So let’s look at an ASX 200 share today that one ASX expert reckons might fit this mould.

Alistair MacLeod of Wheelhouse Partners recently sat down with Livewire. When asked to name a sustainable dividend payer, MacLeod names Lottery Corporation Ltd (ASX: TLC). Lottery Corp was spun out of Tabcorp Holdings Ltd (ASX: TAH) earlier this year, so it’s a relative newcomer to the S&P/ASX 200 Index (ASX: XJO).

MacLeod doesn’t like the look of Lottery Corp’s old parent company Tabcorp right now, calling it a “sell” and noting its “flat” dividend growth prospects. however, it was a different story when it comes to Lottery Corp.

Why this expert thinks Lottery Corp shares are a winning ticket

Here’s what MacLeod had to say on why he chose Lottery Corp shares as a future dividend winner:

It’s actually a stock that hasn’t paid a dividend yet and is not likely to in the next six months because a lot of the profits are still going back to Tabcorp. But looking forward, this is a regulated monopoly. It’s expected to have around a 4% yield. If you think about the lottery business, most people know when you’re buying a lottery ticket, it’s a bit of a mug’s game.

So the same logic goes, selling lottery tickets is a great business. If you look at the cash flows of this company, depreciation’s higher than CapEx. So cash flows are bigger than earnings. So from an income investor’s perspective, your cash flows can be 130% of what your profits are. I think there’s a lot of runway for this stock from a dividend growth perspective in a very economically defensive environment or position.

MacLeod is asked whether a 4% dividend yield is attractive in these times of high inflation.

Here’s what he said:

Well, it’s a 4% yield that’s also growing at 10%. And then you’ve got the capital base growing as well. So yes, I think it’s a good place to be, even in an inflationary environment.

A future dividend heavyweight?

So Lottery Corp is a definite dividend winner in the eyes of this ASX expert. But MacLeod isn’t the only one eyeing off Lottery Corp right now.

My Fool colleague Tony recently covered the views of fund manager Firetrail. Lottery Corp shares are currently held by Firetrail’s Australian High Conviction Fund.

The fund manager likens Lottery Corp’s cash flow stability to that of an infrastructure asset. “More importantly, revenues have shown resilience through periods of softer economic growth,” the fundie said in a recent report.

So it seems this future ASX dividend share is getting a lot of love from investors right now.

The post The ASX 200 fledgling that’s a dividend heavyweight in the making: expert appeared first on The Motley Fool Australia.

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• 2 under-the-radar ASX shares Firetrail loves right now
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Motley Fool contributor Sebastian Bowen 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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The Arafura Rare Earths Ltd (ASX: ARU) share price is on hold today.

Arafura shares were put on ice before market open today and are worth 30.5 cents a piece. In today’s trade, the S&P/ASX 200 Index (ASX: XJO) is down 0.17%.

Let’s take a look at what this ASX rare earths explorer reported to the market this morning.

Trading halt

Arafura is exploring the neodymium and praseodymium (NdPr) rare earths project in the Northern Territory.

In today’s news, Arafura has requested a trading halt pending an announcement.

While the details of this announcement are not certain, Arafura has provided a potential clue in its announcement to the ASX today.

Arafura said the news relates to an “offtake agreement”. The company has requested the trading halt remains until this announcement or the start of trading on 8 November.

Arafura said:

The company is seeking a trading halt pending an announcement to the market regarding execution of a binding offtake agreement (MoU).

Arafura recently presented at a rare earths conference at the Australian National University.

The company said Nolans is the only NdPR project in Australia that plans to “mine and process ore to oxide at a single site”.

The wind turbine and electric vehicle (EV) markets are “competing for NdPR”, according to Arafura.

The company already has MOU’s with Hyundai Motor Corporation and GE Renewable Energy.

Arafura share price snapshot

The Arafura share price has surged almost 36% in the past year, while it has leapt 45% year to date.

In the past month, Arafura shares slipped 1.61%.

This ASX 300 rare earths has a market capitalisation of about $526.9 million based on the current share price.

The post Why have shares in ASX 300 rare earths miner Arafura just been halted? appeared first on The Motley Fool Australia.

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• Could this news be helping the Sayona share price light up today?
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• Why is the Arafura share price falling in a hole today?

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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Woodside Energy Group Ltd (ASX: WDS) shares could be looking cheap right now, according to experts.

Part of this reason is due to its annual dividend yield of 8.22%, which is one of the highest on the ASX, as well as a healthy fully franked dividend of $1.60 per share which was paid in October.

Shares of the global energy company are currently up 3.32% today, trading at $37.96 apiece.

The energy sector as a whole is in the green, too. In fact, the S&P/ASX 200 Energy Index (ASX: XEJ) is today’s best-performing sector index by a wide margin, currently up 2.82%.

Zooming out, the S&P/ASX 200 Index (ASX: XJO) is up 0.27% at the time of writing.

So let’s look at why a fund manager believes the Woodside share price could be heading higher.

What did the fund manager say?

Plato Investment Management managing director Don Hamson made some bullish comments about Woodside shares via Livewire today.

Hamson was asked to name a long-term sustainable dividend payer for 2023, with the requirement of also having a high dividend yield.

Hamson rated Woodside as a buy and said:

Well, we like the energy stocks, and we like that outlook. And longer term, we think Woodside’s a great stock. It’s got some quality assets. I know it’s in fossil fuels, but gas and LNG are on the pathway to lower emissions. It’ll help us get there. Obviously, it is benefiting from the Ukrainian crisis, but we think it’s got a great dividend outlook for a number of years.

Other experts also believe Woodside is a buy

Hamson was not the only one with a positive assessment of Woodside shares during October.

ThinkMarkets market analyst Carl Capolingua said he was bullish on Woodside’s positioning in the natural gas market. Capolingua believes there will be a natural gas shortage in the future and likes that 80% of Woodside’s business comes from this resource.

Earlier in the month, The Motley Fool’s Bruce Jackson picked Woodside as a buy due to its “dirt cheap” valuation and strong business fundamentals.

Jackson said:

Woodside is a beneficiary of the high oil and gas prices, and the lower Aussie dollar. It’s hard to imagine a better macroeconomic environment, yet at the same time, it’s equally hard to imagine what could derail the Woodside juggernaut.

Jackson also outlined other reasons to be bullish on Woodside shares, including the fact it is one of the highest-yielding ASX 200 stocks.

Woodside share price snapshot

The Woodside share price is up 72% year to date. At the same time, the ASX 200 is down 8% over the same period.

The company’s market capitalisation is around $69.76 billion.

The post With 8% yield, are Woodside shares a dividend no-brainer buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor Matthew Farley 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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The team at Morgans has been busy running the rule over a number of S&P/ASX 200 Index (ASX: XJO) shares again this month.

Among its best ideas for November are the three ASX 200 shares 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 has an add rating and $214.30 price target on Macquarie’s shares.

Telstra Corporation Ltd (ASX: TLS)

The broker is also very positive on this telco giant thanks to its successful turnaround. It 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.

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

Treasury Wine Estates Ltd (ASX: TWE)

Finally, this wine giant is one of the broker’s top picks again this month. It believes Treasury Wine is well-placed to deliver strong earnings growth in the coming years. The broker commented:

TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

Morgans currently has an add rating and $15.71 price target on Treasury Wine’s shares.

The post Morgans names 3 of the best ASX 200 shares to buy in November appeared first on The Motley Fool Australia.

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More reading

• Would you like to bag the latest Macquarie dividend? Read this
• 4 ASX 200 shares trading ex-dividend next week
• Here are the top 10 ASX 200 shares today
• Here’s why brokers rate these blue chip ASX 200 shares as buys
• How did the Telstra share price fare over October?

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 Corporation Limited. The Motley Fool Australia has recommended Macquarie Group Limited and Treasury Wine Estates Limited. 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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Two ASX mining shares are setting the bar high today.

While the All Ordinaries Index (ASX: XAO) remains slightly in the red during the Friday lunch hours, investors are rewarding these mining stocks after they both announced promising new discoveries.

One involves lithium, and the other platinum group elements (PGE).

So, without further ado…

ASX mining share leaps higher on lithium intersection

The first ASX mining stock that’s surging today is St George Mining Ltd (ASX: SGQ), with shares up 8.3%.

This comes after the explorer confirmed it has intersected more high-grade lithium in rock chip samples, with up to 3.25% Li2O, at its Mt Alexander Project in Western Australia.

St George said that this first drilling at the Jailbreak Prospect confirms that lithium-bearing pegmatites extend below surface.

The reverse circulation (RC) drilling is the first phase of the ASX mining share’s drill program at the Jailbreak Prospect. A diamond drill rig is scheduled to arrive within days to test for deeper extensions to the mineralised pegmatites.

Commenting on the results, St George Mining’s executive chairman, John Prineas said:

The latest assays for rock chip samples have delivered our highest-grade lithium values at Jailbreak, providing further validation of the potential for pegmatite-hosted lithium mineralisation at Mt Alexander. Significantly, the high-grade assays now extend across five pegmatites mapped across a broad area.

Which brings us to the second ASX mining share that’s flying higher today.

Palladium and platinum grab investor interest 

The Minerals 260 Ltd (ASX: MI6) share price is up 14.5% after the miner reported on the final assays from the June RC drill campaign at its Moora Project located in Western Australia.

According to the release, the results from the final RC holes confirmed the potential of the Moora Project to host palladium and platinum mineralisation.

Minerals 260 said it’s on track to commence a 10,000 to 15,000 metre drilling program by mid-November.

Commenting on PGE results sending the ASX mining share higher today, managing director David Richards said:

We have always been confident that the Moora and Koojan Projects are prospective for PGE mineralisation analogous to that discovered further south in the Julimar Mineral Province. The intersection of highly anomalous PGE and copper values coincident with a large gravity high confirms this view.

The post 2 ASX mining shares surging higher on new discoveries appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX lithium share is rocketing 25% on a new, high-grade discovery
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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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