The first session of 2023 brought chaos to the market as the S&P/ASX 200 Index (ASX: XJO) fell 1.31%. The index closed Tuesday at 6,946.2 points.

It was the banks that weighed heaviest on the ASX. The S&P/ASX 200 Financials Index (ASX: XFJ) dropped 1.9% with the Westpac Banking Corp (ASX: WBC) share price leading the downturn, falling 2.7%.

Also struggling were stocks in the S&P/ASX 200 Health Care Index (ASX: XHJ) and the S&P/ASX 200 Consumer Staples Index (ASX: XSJ). The sectors tumbled 1.8% and 1.7% respectively.

Interestingly, the S&P/ASX 200 Energy Index (ASX: XEJ) performed on par with the broader index despite New Hope Corporation Limited (ASX: NHC) posting today’s biggest fall. The coal stock plummeted 8.5% on Tuesday despite the company’s silence.

It wasn’t all dire, however. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) clambered its way into the green this afternoon, though it ultimately closed 0.1% lower.

But which ASX 200 share outperformed all others to post the strongest start to the new year? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top-performing stock on the index was gold explorer De Grey Mining Limited (ASX: DEG). It gained 5% to close today’s session at $1.35.

Interestingly, there was no price-sensitive news released by the company today.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
De Grey Mining Limited (ASX: DEG)	$1.35	5.06%
Tabcorp Holdings Limited (ASX: TAH)	$1.105	2.79%
Star Entertainment Group Ltd (ASX: SGR)	$1.815	2.54%
Gold Road Resources Ltd (ASX: GOR)	$1.73	2.37%
Evolution Mining Ltd (ASX: EVN)	$3.04	2.01%
Northern Star Resources Ltd (ASX: NST)	$11.11	1.83%
Breville Group Ltd (ASX: BRG)	$18.67	1.74%
Blackmores Ltd (ASX: BKL)	$73.23	1.43%
Lottery Corporation Ltd (ASX: TLC)	$4.54	1.34%
Ramelius Resources Limited (ASX: RMS)	$0.94	1.08%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Hot out the gate: 2 ASX 200 shares kicking off 2023 with new 52-week highs
• 2022 was strong for the NAB share price. What’s next?
• Why HT&E, Seven West Media, Tabcorp, and Weebit Nano shares are rising
• Why ASX 200 gold shares top my 2023 investment radar
• Here’s how I’d invest $5,000 in ASX 200 shares to earn a second income

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Blackmores and Westpac Banking. 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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We are only three days into 2023 and the expectations of a recession this year are mounting. A tougher economic environment could mean even more pain for ASX shares after an already brutal 12-month stint for investor portfolios last year.

How dire could it really get in 2023? According to the managing director at the International Monetary Fund (IMF), Kristalina Georgieva, quite dire indeed. In a recent interview, Georgieva revealed that the IMF expects one-third of the world economy to be in recession this year.

I’m not concerned about what a company’s share price does in the short term. However, a recession can have real impacts on a portfolio. The main concerns for investors, in my opinion, are:

• Potential for companies to go bankrupt, resulting in permanent loss
• Exiting long-term investment strategy due to the psychological toll created by volatility
• Concentrating investments in long-term underperformers

Here’s how I plan to recession-proof my ASX share portfolio this year and hopefully not succumb to the above pitfalls.

Short rope for debt dependents

The most at-risk ASX shares of bankruptcy in a recession are those that are unprofitable and rely on debt to fund operations and/or development.

The possibility of interest rates sustaining between 2% to 3% and a slowing economy could make funding harder to come by. If the company can’t produce its own capital to continue operations, it could fall on its sword.

To try to avoid a 100% loss, I’ll be quick to cut loose any such companies in my portfolio that begin to show signs of financial distress. Furthermore, I won’t be deploying cash to any new investments that hold these characteristics in 2023.

One such holding I’m currently wary of is Genex Power Ltd (ASX: GNX). As of June 2022, the clean energy developer was saddled with $322 million in net debt. The company is in the process of a costly endeavour to construct a hydro project, which could put it at financial risk if costs blow out.

Smoother ride with more ASX shares

Often the greatest enemy to our investing success is ourselves. You can invest in the greatest companies in the world but if volatility gets the better of you when the market crashes, you will never enjoy the fruits of your labour — that’s where diversification comes in handy.

To recession-proof my ASX portfolio against my own undoing, I plan to hold a greater variety of companies. My portfolio is heavily exposed to the tech industry with approximately a 46% weighting.

For my risk appetite, this is adequate. However, I personally want to keep this below 50% this year so that any drawdown, specifically in tech, doesn’t deal too harsh a blow to my psyche.

Dodging the biggest mistake

Investing in ‘safe’ ASX shares probably isn’t something that is usually highlighted as a possible mistake. Yet, I believe it could be one of the most detrimental traps to fall into in anticipation of, and during, a recession.

The inclination to abandon all growth investments and buy blue chips like National Australia Bank Ltd (ASX: NAB) and Telstra Group Ltd (ASX: TLS) might be tempting, but it could lead to severe underperformance long term.

These ‘safe’ ASX shares have underperformed the S&P/ASX 200 Index (ASX: XJO) by 18% and 42% respectively since June 2008, as shown above.

A small portion of my portfolio is held for defensive ASX shares such as Commonwealth Bank of Australia (ASX: CBA) and CSR Limited (ASX: CSR). However, I will continue to add companies with large opportunities still ahead of them.

Companies like Pro Medicus Limited (ASX: PME) and Jumbo Interactive Ltd (ASX: JIN) operate in underdeveloped and riskier markets. But the lack of market saturation means there could be much more growth in the future.

The post Here’s how I plan to recession-proof my ASX share portfolio this year appeared first on The Motley Fool Australia.

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More reading

• 2022 was strong for the NAB share price. What’s next?
• Telstra shares fell short in 2022. Can they deliver in 2023?
• 23 ASX shares to buy in 2023 – brokers
• The CBA share price was nowhere near the best performing ASX bank share in 2022. What now?
• How I’d use a stock market crash to boost my passive income

Motley Fool contributor Mitchell Lawler has positions in Commonwealth Bank Of Australia, Csr, Genex Power, Jumbo Interactive, and Pro Medicus. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Jumbo Interactive and Pro Medicus. The Motley Fool Australia has positions in and has recommended Pro Medicus and Telstra Group. The Motley Fool Australia has recommended Jumbo Interactive. 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 Bitcoin (CRYPTO: BTC) price currently stands at US$16,699 (AU$24,454).

That’s right about where BTC kicked off the new year three days ago.

But it’s some 65% lower than the US$47,170 the world’s first and still top crypto commanded on 1 January 2022.

Adding in the selling action in the final seven weeks of 2021, the Bitcoin price closed 2022 down 76% from its all-time 10 November 2021 highs, according to data from CoinMarketCap.

Here’s what went wrong for the leading digital token in the year gone by.

Bitcoin price hit by multiple headwinds

On a macroeconomic level, the Bitcoin price was hammered by the same forces which saw tech shares take a beating last year.

Namely, fast-rising interest rates instituted by almost every leading central bank the world over.

The rapid increase in the cost of money saw the tech-heavy NASDAQ Composite Index finish the year down a painful 34%. Here on the ASX, the S&P/ASX All Technology Index (ASX: XTX) fell a similar amount.

If nothing else, 2022 showed that the Bitcoin price is closely linked to the performance of growth stocks. And highly susceptible to the impacts of rising interest rates.

The crypto world was also rocked by a number of massive meltdowns in 2022.

First, there was the implosion of TerraUSD (CRYPTO: UST) in May. The so-called stablecoin was intended to be pegged to the US dollar. But a liquidity crunch saw crypto investors rush to sell their holdings, driving the token to mere pennies on the dollar.

Jittery investors sold off most cryptos over the following weeks, and the Bitcoin price was not spared.

As if that wasn’t enough, November saw the collapse of global crypto exchange FTX.com.

Co-founded by Sam Bankman-Fried, FTX was one of the top five crypto exchanges in the world.

But in another instance of liquidity evaporating, FTX went belly up almost overnight and Bankman-Fried is now facing a potentially lengthy jail term in the United States.

In the immediate aftermath of the FTX collapse, the Bitcoin price fell to more than two-year lows of US$15,599.

What’s next?

As for what crypto investors might expect in the year ahead for the Bitcoin price, much of that will hinge on interest rates.

Should the US Federal Reserve and other leading global central banks begin to ease off on their aggressive tightening paths, it should throw up some welcome tailwinds for tech stocks and crypto assets alike.

The post The Bitcoin price crashed 65% in 2022. Here’s why appeared first on The Motley Fool Australia.

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More reading

• Hot out the gate: 2 ASX 200 shares kicking off 2023 with new 52-week highs
• What’s going on with ANZ shares on Tuesday?
• Warren Buffett: the 3 vital investing rules the world’s best investor follows
• Bell Potter names the ASX healthcare shares to buy in 2023
• 3 ASX All Ordinaries shares defying today’s downturn to rocket higher

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 positions in and has recommended Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. 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 S&P/ASX 200 Index (ASX: XJO) shares have started 2023 off on the right foot, leaping to 52-week highs on the first session of the new year.

Making their achievement more impressive is the broader market’s suffering. The ASX 200 has plummeted 1.43% at the time of writing to hit 6,938.1 points.

That was despite a strong start to today’s trade. The index lifted 0.46% early this morning before plunging into the red.

Fortunately, not all has been dire on the market on Tuesday. Let’s take a look at the two ASX 200 shares that launched to their highest point in 12 months today.

The ASX 200 shares starting 2023 with fresh highs

The first ASX 200 share starting 2023 off with a new 52-week high is QBE Insurance Group Ltd (ASX: QBE). It lifted 0.44% in early trade to peak at $13.49 – marking a new post-pandemic high.

Sadly, the stock didn’t hold onto its gains. It has since slipped 2.57% to trade at $13.09 at the time of writing.

And that could be a great entry point if broker Morgans is to be believed. It’s tipping the QBE share price to soar to $14.93, my Fool colleague James reports, a potential 14% upside.

Joining QBE in posting a new 52-week high today is ASX 200 wagering company Tabcorp Holdings Limited (ASX: TAH). Its stock is soaring 2.79% right now to post a new 52-week high of $1.11.

Of course, that’s accounting for the change to the company’s valuation brought about by its demerger of the Lottery Corporation Ltd (ASX: TLC). The Tabcorp share price plummeted more than 80% when it spun out the now-ASX 200 giant in May.

The Lottery Corporation currently has a market capitalisation of $10.1 billion while that of Tabcorp sits at $2.5 billion.

The post Hot out the gate: 2 ASX 200 shares kicking off 2023 with new 52-week highs appeared first on The Motley Fool Australia.

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More reading

• 2022 was strong for the NAB share price. What’s next?
• Why HT&E, Seven West Media, Tabcorp, and Weebit Nano shares are rising
• Here’s how I’d invest $5,000 in ASX 200 shares to earn a second income
• Morgans names 2 ASX 200 dividend shares to buy with 5%+ yields
• Bought $1,000 of AGL shares 10 years ago? Here’s how much dividend income you’ve received

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 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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ANZ Group Holdings Ltd (ASX: ANZ) shares are having a tough start to the year.

In afternoon trade, the banking giant’s shares are down over 3% to $22.89.

This follows broad weakness in the banking sector today amid heightened market volatility.

What else is going on with ANZ shares?

As you might have noticed recently, ANZ has been trading under the ticker code ANZDA since late last year.

This is due to its decision to establish ANZ Group Holdings Limited as the new listed non-operating holding company (NOHC) of the ANZ group.

In order to make this change, ANZ shares had to be shifted temporarily to the ANZDA ticker code so the company could issue new ANZ NOHC shares to shareholders under the original ticker code.

This change is now more or less complete after the bank issued ANZ NOHC shares to eligible shareholders this morning on a one-for-one basis.

However, some ineligible foreign shareholders did not receive ANZ NOHC shares. Instead, these shareholders will receive the cash proceeds of the sale of the ANZ NOHC shares by the sale agent.

The release reveals that there are 1,838,105 ANZ NOHC shares attributable to ineligible foreign shareholders that will be sold for this reason. It’s unclear if these have been sold today. But if they have, this would explain why ANZ shares are falling more than other big four banks this afternoon.

Why the change?

Last month, ANZ chair, Paul O’Sullivan, explained the rationale for the change to a non-operating hold company model. He said:

Customers are demanding more from their banks. Better services, better products and better digital solutions. Consistent with this, traditional banking is facing significant disruption from new non-bank competitors, mainly global technology companies launching financial services products.

Understandably, these businesses are not regulated in the same way as banks like ANZ. This new NOHC will allow ANZ to partner with technology companies on a level playing field. Essentially, the restructure is about making our banking business more efficient by creating a better structure for investing in our non-bank partners. It will provide greater strategic and operational flexibility.

ANZ shares are expected to resume trading under the original ANZ ticker code from the commencement of trade on Wednesday.

The post What’s going on with ANZ shares on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• Better buy for 2023: Westpac vs. ANZ shares
• What is ANZDA and why has it just hit my ASX portfolio?
• 2 reasons to buy CBA shares before 2023 (and 2 reasons to sell)
• Is there something strange going on with ANZ shares today?
• Here are the top 10 ASX 200 shares today

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 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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Warren Buffett.

The name alone causes most investors to drop whatever else they’re doing and pay attention.

And for good reason.

Warren Buffett notched up his first billion dollars back in the 1980s. And as the chairman and CEO of Berkshire Hathaway, he’s continued to build on that wealth since.

For many years now, he’s been counted not just as one of the world’s richest people but also as one of the all-time greatest investors.

And the Oracle of Omaha isn’t one to keep his investment strategies to himself. He readily shares his wisdom on how he’s managed to achieve outsized returns in interviews and videos.

Below we look at three vital investing rules Warren Buffett swears by.

Patience is a virtue Warren Buffett advises

We’d all like to think we can somehow time the stock market. That we may know something most investors don’t.

But the reality is timing the market correctly is incredibly difficult, even for seasoned investors. And we don’t know of any investors who’ve managed to do so consistently over the long term.

Which is why Warren Buffett says, “The stock market is designed to transfer money from the active to the patient.”

That means not jumping into a company’s stock simply because it’s getting a lot of media attention. If the price is too high, it’s best to be patient and wait for it to come down to a fair value.

Similarly, when share markets come under pressure, as we saw in much of 2022 amid soaring inflation, your portfolio may lose value. Here again, patience is advised as, historically, stock markets have always recouped past losses and marched higher over time.

Stay with what you know

A second golden investing rule that’s helped Warren Buffett amass his billions is investing only in companies and sectors he’s familiar with.

This has seen Buffett avoid the likes of cryptocurrencies and tech stocks. While that may have cost him some profits in the low interest rate boom times, it’s also saved him some hefty losses over the past year.

That’s not to say everyone should avoid tech stocks. Far from it. But according to the Oracle of Omaha, you should only invest in a sector or company if you understand how it works.

We all have our different areas of expertise. Sticking to investing within those areas can give you an edge over other investors who are outside their comfort zones.

Warren Buffett: look for real value

The best investments, Warren Buffet advises, provide real-world value, not just market value.

In other words, don’t get sucked into the trap of buying shares that are the market darlings of the hour. You may find you’ve bought close to the medium-term highs and then find yourself selling at a loss.

That’s why Buffett looks for companies that offer real-world value, with great brands and the ability to control prices.

A bit of research on the past few years of financial results should give you a good grasp on the health of a company’s balance sheet and whether they’re likely to deliver consistent profits in the years ahead.

The post Warren Buffett: the 3 vital investing rules the world’s best investor follows appeared first on The Motley Fool Australia.

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More reading

• Bell Potter names the ASX healthcare shares to buy in 2023
• 3 ASX All Ordinaries shares defying today’s downturn to rocket higher
• Why are ASX 200 lithium shares running on empty today?
• Leading brokers name 3 ASX shares to buy today
• 2022 was strong for the NAB share price. What’s next?

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 positions in and has recommended Berkshire Hathaway. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway, short January 2023 $200 puts on Berkshire Hathaway, and short January 2023 $265 calls on Berkshire Hathaway. The Motley Fool Australia has recommended Berkshire Hathaway. 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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If you’re interested in adding some healthcare sector exposure to your portfolio, then it could be worth taking a look at what Bell Potter is recommending.

It has named its top picks in the healthcare sector for 2023 and the two ASX healthcare shares named below are on the list.

Here’s what the broker is saying about these shares:

PolyNovo Ltd (ASX: PNV)

This medical device company is an ASX healthcare share to buy according to Bell Potter. Its analysts currently have a buy rating and $2.30 price target on its shares. This compares to the latest PolyNovo share price of $2.04.

Its analysts believe a recent capital raising leaves PolyNovo well-placed for growth. It commented:

The key offering of Polynovo is the proprietary biodegradable temporising matrix (BTM) that is utilised in the management of complex wounds and severe burns. The recent $33m capital raising in November 2022 provides the growth platform to facilitate expansion of the US and global sales team with key markets in Asia & Canada being targeted. Product launch within Hong Kong and India has already taken place during 1H23 whilst entry into Japan/ China is planned through a distributor model. These new operating segments increase the addressable market especially in regions with a significant healthcare burden of burns and complex/trauma wounds.

Telix Pharmaceuticals Ltd (ASX: TLX)

Another ASX healthcare share to buy could be this radiopharmaceutical company. Its analysts currently have a buy rating and $9.00 price target on its shares. This is notably higher than the current Telix share price of $6.97.

The broker is expecting Telix’s Illuccix product to generate material revenue in 2023. It also remains optimistic on its clinical trials. The broker explained:

We retain TLX as a key pick following very strong execution of its US business plan over recent months. Revenues from the sale of Illuccix continue to grow each quarter and the product is now expected to generate in excess of $300m in revenues in 2023. In the clinic, TLX 101 has generated positive trial data for the treatment of glioblastoma and TLX 250CDx reported positive data from its pivotal study for the imaging of clear cell renal carcinoma. The product is now expected to become the company’s second on market in late calendar year 2023. Telix remains well capitalised with $117m in cash at 30 September 2022 and based on our forecast, is expected to generate its maiden profit in CY2023.

The post Bell Potter names the ASX healthcare shares to buy in 2023 appeared first on The Motley Fool Australia.

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More reading

• The 3 best-performing ASX 200 healthcare shares of 2022 revealed
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Why Domino’s, New Hope, PolyNovo, and Telstra shares are pushing higher today

Motley Fool contributor James Mickleboro has positions in Telix Pharmaceuticals. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended PolyNovo. 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 new year is off to a disastrous start for the All Ordinaries Index (ASX: XAO) and most of the shares that call it home.

Despite posting a strong start to Tuesday’s session ­– it jumped as high as 0.47% in early trade – the benchmark index tumbled to a two-month low this afternoon.

Right now, the All Ordinaries is down 1.62% at 7,104.7 points.

Fortunately, though, not all its constituents are suffering. We’ve rounded up three that are posting gains of as much as 7%. Let’s take a look.

3 All Ordinaries shares posting whopping gains

The first All Ordinaries share defying today’s tumble is Airtasker Ltd (ASX: ART). Stock in the online marketplace for services is leaping 2.9% to trade at 35.5 cents right now despite the company’s silence.

Sadly, however, today’s gain hasn’t proven enough to boost the embattled share back into the long-term green. It’s fallen 75% since it floated on the ASX in March 2021.

Next up is media and entertainment company HT&E Ltd (ASX: HT1). The All Ordinaries share is roaring 3.63% higher to swap hands for $1 apiece. Its gain comes on news of a major divestment.

The company today revealed it’s agreed to sell its 25% stake in Soprano Design to Potentia Capital for around $66.3 million in cash.

If the name Potentia rings any bells, it’s likely because it’s the private equity firm that recently put in so-far-unsuccessful bids for both Tyro Payments Ltd (ASX: TYR) and Nitro Software Ltd (ASX: NTO).

Finally, the Neuren Pharmaceuticals Ltd (ASX: NEU) share price is rocketing 7.67% right now to trade at $8.56.

That’s despite no news having been released by the All Ordinaries biopharmaceutical share.

Today’s gain included, the stock is just 2.8% lower than the 15-year high it posted in November.

The post 3 ASX All Ordinaries shares defying today’s downturn to rocket higher appeared first on The Motley Fool Australia.

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More reading

• Why HT&E, Seven West Media, Tabcorp, and Weebit Nano shares are rising
• How I’d invest $10,000 in ASX shares if I was starting from scratch in 2023
• Could this beaten-down ASX share be the next 100-bagger?
• 10 ASX shares I think are buys for 2023
• Prediction: 2 ASX shares I think could soar 1,000% in the next 10 years

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 Tyro Payments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker. The Motley Fool Australia has recommended Tyro Payments. 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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Many ASX 200 lithium shares are in the red on the first day of new year trading.

Pilbara Minerals Ltd (ASX: PLS) shares are down nearly 4% at the time of writing, while Core Lithium Ltd (ASX: CXO) is down 1.27%. Shares in Allkem Ltd (ASX: AKE) are currently trading 1.51% lower while Sayona Mining Ltd (ASX: SYA) shares are currently even with Friday’s closing price.

Let’s take a closer look at what might be weighing on lithium stocks today.

What’s going on?

Materials shares are falling overall so far today, with the S&P/ASX 200 Materials Index (ASX: XMJ) down 1.13% at the time of writing. They’re performing better than the S&P/ASX 200 Index (ASX: XJO) which is down 1.67%.

Lithium is an essential component in the use of electric vehicle (EV) batteries. News that EV giant Tesla delivered fewer vehicles than expected in 2022 could be weighing on demand sentiment today.

Overnight, Tesla announced it delivered 405,278 electric vehicles in the fourth quarter of 2022. Overall in 2022, EV deliveries grew 40% year on year to 1.31 million.

However, this fell short of the company’s goal to lift deliveries by 50%, Bloomberg reported. Also, analysts had been tipping Tesla to deliver 420,760 vehicles during the quarter. Bernstein analyst Toni Sacconaghi said (as cited by Bloomberg):

We believe that Tesla is facing a significant demand problem. We believe Tesla will need to either reduce its growth targets (and run its factories below capacity) or sustain and potentially increase recent price cuts globally, pressuring margins.

Meanwhile, economic data out of China could also be weighing on investors’ minds. Manufacturing in China slowed in December, Bloomberg reported. China makes 75% of all lithium-ion batteries, according to a December Australian Department of Industry report.

In recent news, Core Lithium advised on Friday it has achieved the first shipment of 15,000 dry metric tonnes (dmt) of 1.4% Li2O. This achieved a price of US$951 per dmt. The ship will depart Darwin for Fancheng, China. Core Lithium CEO Gareth Manderson said:

The first DSO shipment being loaded for export from the Darwin Port is another significant milestone for the company.

Share price snapshot

The Core Lithium share price has soared 70% in a year

 The Sayona Mining share price has jumped 44% in the last 52 weeks.

Allkem shares have climbed 6% in a year.

Pilbara shares have gained 12.5% in the past year.

The post Why are ASX 200 lithium shares running on empty today? appeared first on The Motley Fool Australia.

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More reading

• Why Invictus Energy, New Hope, Pilbara Minerals, and WiseTech shares are dropping
• Why has the Core Lithium share price fallen 26% in a month?
• Here are the 10 most shorted ASX shares
• 5 things to watch on the ASX 200 on Tuesday
• Here’s what I think could impact the Core Lithium share price in 2023

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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With most brokers taking a break over the holiday period, research notes are few and far between right now.

But don’t worry because listed below are three recent broker buy recommendations that still have plenty of upside potential.

Here’s why brokers think these ASX shares are in the buy zone:

Life360 Inc (ASX: 360)

According to a note out of Goldman Sachs, its analysts have a buy rating and $7.60 price target on this location technology company’s shares. Goldman believes that Life360 has ended the year positively, which it feels eases any risk to its FY 2022 guidance. In addition, the broker notes that the company’s subscription business trades at a discount to global subscription app peers when adjusting for its superior growth outlook. As a result, it sees scope for a re-rating in the future. The Life360 share price is trading at $4.85 today.

Maas Group Holdings Ltd (ASX: MGH)

Another note out of Goldman Sachs reveals that its analysts have a buy rating and $4.20 price target on this property, construction, and infrastructure solutions provider’s shares. Goldman highlights that Maas is in a transition phase that will see higher quality real estate income become the largest source of earnings in the next three years. And with Maas’ shares trading at 10x forward earnings, it believes there’s a lot of value on offer here. The Maas share price is fetching $2.58 today.

Premier Investments Limited (ASX: PMV)

Analysts at Macquarie have an outperform rating and $29.00 price target on this retail conglomerate’s shares. Macquarie has been impressed with the Smiggle and Peter Alexander owner’s strong start to the financial year. In fact, it highlights that the company’s sales growth is tracking ahead of its expectations. This led to Macquarie upgrading its earnings estimates for the year. The Premier Investments share price is trading at $24.57 on Tuesday.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• 23 ASX shares to buy in 2023 – brokers
• Bell Potter names the ASX tech shares to buy in 2023
• Top brokers name 3 ASX shares to buy today
• Why Block, Life360, Pilbara Minerals, and Syrah shares are dropping today
• How to swap your job for $75,000 in retirement income using ASX dividend shares

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia has recommended Premier Investments. 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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