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 19 October 2026. You can access the full version of the article HERE.

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Buy Recommendations

ASX:RMS

The price of gold ran hard earlier this year and has spent most of the year consolidating. However, gold prices now appear to have bottomed out. The share prices of various gold mining stocks have held in very well recently and this sign of strength is very bullish. I am expecting gold mining stock prices to rally much higher from here as they follow the price of gold higher.. RMS is an Australian gold producer with no debt, very high free cash flow, and it pays a fully franked dividend and is therefore highly leveraged to an increasing gold price.

ASX:STO

We have been bullish on oil and gas since 2025 due to a looming imbalance between supply and demand, and our view remains the same. Investors have been underweight the energy sector and now it appears as though some buying support is finally emerging for major oil and gas companies like Santos. Brokers are lifting their oil and gas price assumptions and are starting to recognise Santos’ cash flow and the potential of the Beetaloo Basin. A major technical breakout in Santos shares was achieved this month which also is a positive sign and indicates much higher prices are on the way.

Hold Recommendations

ASX:BHP

BHP is one of the world’s largest miners and most of its earnings are now derived from copper. We still believe we are in the early stage of a commodities boom, and the price of copper continues to trend higher due to supply constraints and increasing demand. BHP also pays a 4 per cent fully franked dividend, which is very attractive for Australian shareholders in light of the federal government’s changes to the CGT rules.

ASX:SFR

SFR is Australia’s largest listed pure play copper producer. Copper demand is increasing in an environment of low supply and this can only lead to higher prices. Their recent full year result surprised the market with a 35c dividend that was 16c above expectations, which is an indication of how much cash this miner is generating. From a charting perspective, the price action of SFR looks very bullish and we should continue to see a sustainable uptrend from here.

Sell Recommendations

ASX:TLS

TLS shares had a good run in the two years up to May 2026, but they then fell back sharply and formed a negative reversal signal on the share price chart. As we enter an environment of higher interest rates, Telstra’s dividend becomes less attractive in comparison to cash in the bank. With the company also having low growth prospects, and now looking at increased competition from SpaceX, we can only see further weakness in the share price.

ASX:JBH

We tipped this retailer as a sell back in April because of rising interest rates and fuel prices being a negative for discretionary retail stocks. Since then we have had a Federal budget that has hurt confidence and household wealth, and the RBA has followed through with an additional two rate rises. With consumer confidence at near record low levels and petrol prices heading much higher, we do not see a path to recovery for retail stocks like JBH until later in 2027 when interest rates may finally be cut again.

 

Michael Gable is managing director of Fairmont Equities.

 

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