Share tips and stock recommendations for the Australian (ASX) share market – buy, hold, and sell. Michael Gable is an expert guest commentator for the stock market newsletter thebull.com.au.
This post is an extract from the newsletter dated 16 February 2026. You can access the full version of the article HERE.
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Buy Recommendations
ASX:FUEL
I have been bullish on commodities for the past two years. The first to move was precious metals, then base metals, and now I believe that the energy sector is the next to move substantially higher. This ETF captures the largest global oil and gas companies. Not only are most investors still underweight the energy sector, but this ETF is now breaking out of a multi-year trading range. This means that it is at the start of a major uptrend which should last throughout the year.
ASX:NHC
I rated NHC as a hold back in October on my belief that global demand for coal will remain elevated for a while yet. New supply is also constrained due to ESG concerns. Governments around the world are keeping coal in the mix when it comes to power generation and the price of coal is therefore starting to rise again. Very strong buying support is now emerging in coal producers such as NHC and we believe that it is still early enough to buy back into this company.
Hold Recommendations
ASX:URNM
I have been bullish on the uranium sector for the past two years and this Uranium miner’s ETF recently made new highs as the spot price of uranium once again traded at over US$100/lb. With uranium prices steadily rising and a widening gap between demand and supply over the next 10 years, the share prices of uranium miners should continue to head higher. This ETF is one method to gain exposure to a basket of both local and global uranium mining companies.
ASX:BHP
Despite some recent volatility, I expect commodity prices to continue heading higher over the course of the year. I believe that investors who are still underweight the resources sector will start to rotate into the miners. This diversified miner, which is now the largest company on the ASX by market capitalisation, is likely to be the top pick for most investors who are looking for a blue chip mining company that pays a healthy dividend.
Sell Recommendations
ASX:PME
This medical technology business is one that we have successfully traded on a number of occasions over the past few years. However, since mid-2025, we have stayed away from expensive technology companies such as PME due to changing market sentiment. Although the share price of PME has fallen substantially over the past several months, we believe that the share price could fall further. This is because if the parabolic move higher from the past couple of years deflates, and PME heads back to its long-term trend, then that leaves us with a price target closer to $100.
ASX:CKF
We expect cost pressures to hit margins and slowing consumer demand on the back of interest rate rises to put pressure on earnings this year. The market reaction to the half yearly results in early December was negative and the share price chart since then has demonstrated heightened selling pressure on the stock every time it tries to rally. This is a sign that investors are slowing exiting CKF and moving on to other opportunities.
Michael Gable is managing director of Fairmont Equities.
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