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 4 May 2026. You can access the full version of the article HERE.

To stay up to date with our best recommendations, sign up to an 8-week FREE TRIAL of our weekly client research.

 

Buy Recommendations

ASX:FUEL

I last tipped this ETF in early February because I believed that the energy sector was about to move substantially higher. With the onset of the war in Iran after my recommendation, I am now more convinced that energy prices will head higher. This ETF captures the largest global oil and gas companies. The ETF broke out of a multi-year trading range earlier this year and any dip is a buying opportunity.

ASX:DYL

The uranium sector still looks very promising because demand should continue to outpace supply for the next several years. Although the price of uranium has edged higher in the past several months, I am expecting a much bigger move to occur soon when utilities come back to contract for future supply. This uranium developer based in Namibia is looking very cheap at these levels and it is highly leveraged to any increase in the underlying price of uranium.

Hold Recommendations

ASX:S32

S32 is a diversified mining company that was demerged from BHP. I expect the prices of base metals to continue to trend higher this year, to the benefit of S32. After a sell-down in February, it recovered at the end of March and it is now sitting in the mid $4’s. I can now see a clear resistance zone just under $4.80. Buyers are also stepping in on any dips. I am confident that S32 is getting close to breaking out of this consolidation and rallying strongly once more.

ASX:ILU

ILU has traditionally been a producer of mineral sands, but it is expanding into rare earths and is expected to start processing material in 2027. The market is also starting to take notice and position into this company. It spent most of November – March trading sideways in a range with a major resistance level near $7. It broke above that resistance line in April and this means that the buyers are now back in control and will likely send the share price quite a bit higher.

Sell Recommendations

ASX:WBC

We had previously been bullish on the banks when they were trending higher and showing high levels of momentum. However, they are stalling at current levels. A recent trading update by WBC has indicated that conditions could be getting tougher as rising interest rates, inflation, and fuel shortages, are likely to dent lending activity and credit quality. Even a robust dividend yield may not be enough to prevent a further slide in the share price.

ASX:JBH

With rising interest rates and fuel prices, we would be very cautious on discretionary retail stocks. With the shares not looking cheap, and risks to earnings likely to increase, there is high chance that trading conditions for JBH could end up being softer than expected over the next few months. From a charting perspective, the share price remains in a downtrend and shows little buying support on the odd day when the price heads higher.

 

Michael Gable is managing director of Fairmont Equities.

 

CLICK HERE to read our Testimonials.

Current share prices available here.

You can learn more about technical analysis in this article.

 An 8-week FREE TRIAL to The Dynamic Investor can be found HERE.

Would you like us to call you when we have a recommendation? Check out our services.

Disclaimer: The information in this article is general advice only. Read our full disclaimer HERE.

Like this article? Share it now on Facebook and X!