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 29 June 2026. You can access the full version of the article HERE.

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Buy Recommendations

ASX:WDS

Although we have been a buyer of this major oil and gas producer since before the start of the Iranian war, we believe that the recent dip is another buying opportunity. The supply hit to oil markets should result in much higher oil prices from here. The recent weakness in oil has been a result of governments releasing oil from strategic reserves, but they now need to be replenished. The largest oil stock on the Australian share market is Woodside Energy and this will be the first company that investors will reach for when they realise that oil prices will be higher for longer.

ASX:BMN

We continue to believe that the uranium sector represents a great opportunity for investors because demand should continue to outpace supply for the next several years. Despite BMN de-risking their main resource by announcing a JV with China National Nuclear Corporation, the share price has fallen back with the rest of the market. This presents a great buying opportunity for investors as BMN should have high leverage to any upside in the uranium price.

Hold Recommendations

ASX:BHP

We view this commodities bull market as still being in the early stages and BHP will always be the first stock that investors reach for when aiming to increase exposure to the miners. The diversification of BHP means that investors gain exposure to range of commodities such as copper, iron ore, coking coal, and potash. In terms of price action, we continue to see some very solid buying on any dips and the stock remains in a very strong uptrend.

ASX:LYC

Rare earths miners still look very attractive as western nations strive to diversify their supply of these metals away from China. LYC is the largest producer outside of China and it is best placed to benefit from this increase in demand. From a charting perspective, it has hovered around these prices for the past few months but this consolidation now appears to be ending and we should see a new uptrend for the rest of the year.

Sell Recommendations

ASX:XRO

I have been negative on the Australian technology sector since 2025 and rotated into resource stocks instead. I still see a situation where high interest rates, high volatility, and increased uncertainty will cause investors to question the high multiples that tech companies trade at. Xero has seen its share price fail to rally on some recent positive announcements and that is a tell-tale sign that the selling pressure has not yet dissipated.

ASX:NAB

Trading conditions are getting tougher for retail banks as rising interest rates, inflation, and weakness in the property sector are likely to negative affect lending activity and credit quality. With the economy teetering on the edge of a recession, NAB is particularly vulnerable to softer earnings growth due to its higher focus on business banking. Valuations are still far from being cheap and this means that share price risk remains to the downside.

 

Michael Gable is managing director of Fairmont Equities.

 

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