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 6 April 2026. You can access the full version of the article HERE.

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Buy Recommendations

ASX:NHC

I have been bullish on this thermal coal producer for several months now due to my belief that global demand for coal will remain elevated for a while yet. Recent events in Iran have only added extra demand to thermal coal with counties such as Japan now increasing their coal-fired power generation to offset the instability in the gas markets. The past several weeks has seen NHC shares break out of a bullish technical pattern on strong volume and this implies significant upside from here.

ASX:URNM

I remain bullish on the uranium sector and despite the 12 month increase in the Betashares Uranium Miner’s ETF, there is still a lot more upside to go. The recent dip from the past few weeks has now provided investors with another buying opportunity. The demand and supply gap for uranium continues to widen with even more demand now expected as countries look to diversify their energy sources away from fossil fuels.

Hold Recommendations

ASX:WDS

We have been a buyer of this major oil and gas producer since before the start of the Iranian war due to looming supply issues. Investors on a whole have been underweight the energy sector. As the world becomes more focused on this new supply shock, investors will start adding the most liquid and blue chip energy stocks to their portfolios. The largest on the Australian share market is Woodside Energy. The share price has also pushed beyond some major technical levels which is a positive sign from a charting point of view.

ASX:BHP

The commodities bull market has only just started and BHP will always be the “go to” stock for investors wishing to increase exposure to the miners. The recent decline in the BHP share price since the start of the Iranian war has seen it come back to a major support level and I am confident that it should rise again from here. The diversification of BHP also makes is a safer bet for investors to ride the commodities bull market.

Sell Recommendations

ASX:PME

We remain negative on the technology sector as high interest rates, high volatility, and increased uncertainty cause investors to question the high multiples that companies such as Pro Medicus trade on. As we saw in the early 2000’s, technology stocks can lose a significant amount of value before they become attractive again, and this this rotation out of technology stocks often sees investors flock to hard assets such as mining stocks. This is what we are seeing at the moment in share markets and this dynamic has further to go.

ASX:DMP

Although the share price has lost a lot of value in the past few years and remains in a downtrend, we do not see any price support emerging yet at current levels. The company is entering a tough period where rising costs and record low consumer confidence is likely to erode margins and put downwards pressure on their earnings. We do not see a positive catalyst in sight for DMP, at least not until their full year results in August, and investors are likely to continue selling the stock on any share market bounce.

 

Michael Gable is managing director of Fairmont Equities.

 

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