Insights

2 ASX shares at ‘appealing’ buy prices right now

Stock markets have been in turmoil this year, especially the past month. Here are a couple of bargains worth considering.
The post 2 ASX shares at ‘appealing’ buy prices right now appeared first on The Motley Fool Australia. –

Unfortunately the S&P/ASX 200 Index (ASX: XJO) has plunged almost 4.8% over the past month as investors’ nerves have been tested.

There is much anxiety about inflation and rising interest rates — not to mention a vicious invasion of a democratic country in Europe.

But with volatility comes opportunity. 

Fairmont Equities managing director Michael Gable nominated 2 ASX shares he would pounce on right now:

Lithium miner going for cheap

Lithium producers are all the rage these days, with the element in hot demand as an ingredient for high-end batteries.

Despite this, Australian lithium miner Pilbara Minerals Ltd (ASX: PLS) has seen its share price sink almost 16% in the past month, to close Monday at $2.56.

“The share price has fallen from $3.62 on April 4,” Gable told The Bull.

“The price fall provides an appealing buying opportunity, in our view.”

According to The Motley Fool colleague James Mickleboro, the stock price weakness is not related to the business internally, but rather a market-wide pullback on lithium.

“The lithium industry has been hit particularly hard, with Pilbara Minerals just one of many lithium shares that are recording sizable declines.”

Gable agrees, noting business metrics for Pilbara look good.

“This lithium company recently posted a solid March quarter activities report. Lithium prices continued to climb, while cash costs fell,” he said.

“Production is expected to increase during 2022.”

Despite the recent pullback in the stock price, Pilbara shares are still double what they were 12 months ago.

Is this former darling ready to rocket again?

After being a star performer for decades, the COVID-19 era over the past couple of years has seen CSL Limited (ASX: CSL) shares go nowhere.

But Gable, who is an expert in share price movement (technical) analysis, reckons the biotechnology stock could be ready to break out.

“The share price of this blood products group has been mostly range bound for the past two years,” he said.

“CSL recently bounced off the lower part of its trading range, and upward share price momentum paints a positive outlook.”

The Australian giant has a large plasma collection business in the US, which took a huge hit during the pandemic with donors staying home.

Gable suspects this arm can’t do anything but improve from here.

“We expect buyer support in response to improving collections of plasma.”

CSL shares have dropped more than 8.3% for the year, and remain at almost the same price as when the March 2020 coronavirus crash struck.

The post 2 ASX shares at ‘appealing’ buy prices right now appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

How did the CSL share price escape the carnage today?
Here are the 3 most heavily traded ASX 200 shares on Monday
Macquarie picks ASX 200 shares to buy in this volatile environment
Low charge: Is the party over for ASX lithium stocks?
4 ‘defensive growth’ ASX shares to buy in turbulent times: Wilsons

Motley Fool contributor Tony Yoo has positions in CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!