Key takeaways:

• Growth stocks like Webjet, Treasury Wine, and Technology One ride a wave of momentum 

• Bank of America, Nike, Walmart, and Taiwan Semiconductor headline a blockbuster dividend line-up for December

The ASX is set to deliver a blistering result for November, outperforming the major US indexes. Meanwhile, a host of stocks have either chalked up huge gains this month, or hit key milestones. We take a look at the major movers, as well as some high-profile shares trading ex-dividend in December.

Major Movers in November

1. OD6 Metals (ASX: OD6) - up 190.0% this month

Rare earths explorer OD6 Metals has enjoyed a spectacular month, with its share price nearly tripling. The catalyst for the rally was outstanding assay results at its Splinter Rock project in Western Australia.

When it reported its assays, OD6 Metals announced widespread, thick, clay-hosted rare earth element mineralisation. The highlight of its field campaign thus far is grades of up to 6,729ppm for total rare earth oxides.

2. Cosmos Holdings (NASDAQ: COSM) - up 865.6% this month

Cosmos, which operates across nutraceuticals and pharmaceuticals, tops the list of the best performers from either the Nasdaq or NYSE. Its performance throughout November has been triggered by a massive short squeeze.

The stock is currently being supported by retail investors on Reddit, Stocktwits, and YouTube. With buyers piling into the stock, short sellers have been closing out their positions by buying Cosmos shares on market, ultimately driving the share price higher.

Honourable Mentions:

• Winsome Resources (ASX: WR1) - up 124.5%

• Invictus Energy (ASX: IVZ) - up 121.4%

• Avenira (ASX: AEV) - up 115.4%

• Ucloudlink Group (NASDAQ: UCL) - up 394.9%

• Stryve Foods (NASDAQ: SNAX) - up 233.9%

52-Week Highs

1. Webjet (ASX: WEB) - up 19.3% this month

Online travel agency Webjet is on track to complete a spectacular turnaround. At least, that the view of the company Managing Director. Webjet recently handed down its half-year earnings, reporting a 223% increase in total transaction value, and a 217% increase in revenue. The performance of its B2B WebBeds division has surpassed pre-COVID levels, allowing the company to return to profit.

2. Treasury Wine Estates (ASX: TWE) - up 5.5% this month

Wine exporter Treasury Wine Estates is currently trading at its highest level since the start of 2020. Recently, optimism about the relationship between Australia and China has been positive for the stock. That follows the first meeting in six years between the leaders of the two countries. Some investors now believe there could be a pathway for the removal of tariffs on Australian wine imported into China. 

3. Technology One (ASX: TNE) - up 12.3% this month

After recently reporting its financial results, Technology One share price hit an all-time high. The company grew revenue by 18% in FY22, while profits surged 15%. A highlight for the firm was the adoption of its SaaS ERP solution. This has been central to a strong improvement in annual recurring revenue, across both Australia and the UK.

Other Highs:

• Switch (NYSE: SWCH) - up 0.5% 

• Allison Transmission Holdings (NYSE: ALSN) - up 5.7%

52-Week Lows

1. Lucid Group (NASDAQ: LCID) - down 31.7% this month

Electric vehicle manufacturers have been in the doldrums lately. Once a sector engulfed by a frenzy of excitement, investors have turned on EV stocks. With the Federal Reserve raising interest rates, it has shone a light on the balance sheets of these companies. EV manufacturers like Lucid Group are burning through cash at a rate of knots. At the same time, the risk of a recession has weighed on sentiment. These factors leave LCID trading at a yearly low.

2. Jervois Global (ASX: JRV) - down 29.2% this month

One of the many ASX-listed stocks hoping to serve the battery metals market, Jervois Global is on the outer at this time. The company September quarter resulted in an unaudited loss of US$25.5 million, with realised cobalt prices slumping by nearly a third at its Finnish operations. A recent capital raise saw the company share price fall by more than 30%.

Other Lows:

• Hutchison Telecommunications Australia (ASX: HTA) - unchanged

• Select Harvests (ASX: SHV) - down 17.9%

• Lynch Group (ASX: LGL) - down 27.1%

Upcoming Dividends

1. Fisher & Paykel Health (ASX: FPH) | Ex-dividend: Dec 8, 2022 | Amount: $0.162 per share | Franking: 0% | Pay Date: Dec 21, 2022 

One of a number of health stocks that benefitted during the pandemic, Fisher & Paykel Health has had to adjust to more normal' trading conditions since then. Fortunately, its first-half revenue for FY23 is tracking 21% higher than pre-COVID levels, while second-half revenue is expected to increase due to seasonal patterns favouring hospital consumable sales, and the launch of a new full face mask. Gross profit margins are also tipped to improve. FPH will pay a dividend of 16.2 cents per share.

2. Bank of America (NYSE: BAC) | Ex-dividend: Dec 1, 2022 | Amount: US$0.22 per share | Franking: N/A | Pay Date: Dec 30, 2022

Back in October, Bank of America kicked off earnings season with better than expected interest income and fixed-income trading. Its profits may have declined versus the year prior, but investors took confidence in the company outlook as rising interest rates continue to flow through to the bank bottom line. Bank of America will pay a dividend of US$0.22 per share in December.

3. Nike (NYSE: NKE) | Ex-dividend: Dec 2, 2022 | Amount: US$0.34 per share | Franking: N/A | Pay Date: Dec 28, 2022

Iconic footwear and apparel business Nike delivered a strong first fiscal quarter, despite supply chain headwinds leading to inventory management issues. The company has also faced lockdown challenges in Greater China, its third biggest market by revenue. Nonetheless, as the stock approaches ex-dividend, it is trading at its highest level since September.

4. Walmart (NYSE: WMT) | Ex-dividend: Dec 8, 2022 | Amount: US$0.56 per share | Franking: N/A | Pay Date: Jan 3, 2023

US multinational retailer Walmart will soon trade ex-dividend to the tune of US$0.56 per share. The company third-quarter earnings and revenue beat expectations as consumers traded down' to more affordable food products. The result allowed management to upgrade the company full-year guidance outlook, which has been favourable for its share price over the last fortnight.

5. Taiwan Semiconductor Manufacturing Co (NYSE: TSM) | Ex-dividend: Dec 15, 2022 | Amount: US$0.458 per share | Franking: N/A | Pay Date: Jan 12, 2023

The world's largest dedicated independent (pure-play) semiconductor foundry will trade ex-dividend in December. TSM recently became a major talking point following news that Warren Buffett has acquired a US$4.1 billion stake in the chip-maker. That makes it one of Berkshire Hathaway largest holdings. Since that news first came to light, TSM share price has increased by approximately 9%.

Other Dividends:

• Incitec Pivot (ASX: IPL) - $0.17 dividend; 100% franked; ex-div: Dec 5, 2022; payment: Dec 21, 2022

• Collins Foods (ASX: CKF) - $0.12 dividend; 100% franked; ex-div: Dec 5, 2022; payment: Dec 29, 2022

• UnitedHealth Group (NYSE: UNH) - US$1.65 dividend; ex-div: Dec 2, 2022; payment: Dec 13, 2022

• Occidental Petroleum (NYSE: OXY) - US$0.13 dividend; ex-div: Dec 9, 2022; payment: Jan 17, 2023

• Blackrock (NYSE: BLK) - US$4.88 dividend; ex-div: Dec 6, 2022; payment: Dec 23, 2022

• HP (NYSE: HPQ) - US$0.263 dividend; ex-div: Dec 13, 2022; payment: Jan 4, 2023

• British American Tobacco (NYSE: BTI) - US$0.74 dividend; ex-div: Dec 22, 2022; payment: Feb 6, 2023