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 9 June 2025. You can access the full version of the article HERE.

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Buy Recommendations

ASX:URNM (Betashares uranium ETF)

I am positive on uranium miners due to the gap between supply and demand that is emerging over the next several years. This ETF, which holds a basket of these miners is now on the way back up. Recent price action has seen it break out of a corrective decline on strong volumes and it should continue to rally from here.

ASX:LYC

This rare earths miner should continue to do well as the US looks to diversify its supply of these metals away from China. LYC is the largest producer outside of China and it is already doing deals with the US government to secure supply. The past several months has seen it break a downtrend, and then bounce off another major support line. From a charting perspective it should ultimately retest the 2022 highs near $11.

Hold Recommendations

ASX:BHP

BHP shares are set to recover here from a charting perspective. From late 2024 to early 2025, BHP had a support near $38. It broke under that in April before bouncing back and consolidating under it. The past few weeks has seen it break this major level again and this implies that BHP should continue to trend higher. We believe that this is supported by improving copper prices and a falling US dollar.

ASX:S32

South32, like all resource stocks, benefits from a falling US dollar. Our view is that the US dollar will continue to decline. From a charting perspective, S32 appears to have formed a low after the recent share market sell-off and we are seeing a new sustainable uptrend emerge. Renewed stimulus in China will also benefit S32.

Sell Recommendations

ASX:ORA

ORA has been in a downtrend for the past 3 years. Earnings guidance continues to be downgraded due to volatile sales and higher costs. Now there is further earnings uncertainty due to potential tariffs with the US. Broker targets are being lowered and we believe that this will further add selling pressure to the stock.

ASX:OFX

The OFX share price has been sliding for the past 10 years due to sliding earnings. Their recent FY25 result was a big disappointment where income missed guidance and earnings were much lower than what the market expected. At the moment there is no clear path to improvement and this means that the share price is likely to continue trending lower.

 

Michael Gable is managing director of Fairmont Equities.

 

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