There are 200 shares for investors to choose from on the ASX 200 index.
To narrow things down for investors, let's take a look at three very popular shares that Fairmont Equities has given its verdict on, courtesy of The Bull.
Here's what it is saying about these giants:
Commonwealth Bank of Australia (ASX: CBA)
Fairmont Equities was bullish on Australia's largest bank last year and benefited from its record-breaking rally.
However, with its shares looking expensive and its share price chart showing signs of weakness, it feels that now is the time to sell. It explains:
We turned bullish on CBA in early 2024 as it broke above a major resistance level and started to rally. We remained bullish until recently when the share price chart finally showed signs of weakness. This also coincides with long held investor concerns around CBA's valuation. While we didn't sell CBA on valuation grounds and rode it higher in the past 18 months, a topping signal on the chart is a sign to finally exit this position, in our view.
CSL Ltd (ASX: CSL)
Another ASX 200 share that Fairmont Equities has been looking at is biotherapeutics giant CSL.
Its analysts note that the company's shares have been recovering in recent months. And while they have stopped short of calling it a buy, they think it would be one to hold tightly to for the future. They explain:
This global biotechnology giant provides medicines to patients in more than 100 countries. The company makes vaccines to prevent influenza. Its medicines treat haemophilia and immune deficiencies, and it offers therapies in iron deficiency and nephrology. The share price is starting to recover from its lows in response to mixed first half results in fiscal year 2025 and uncertainty surrounding US tariffs. The shares have risen from $234.34 on June 27 to trade at $271.56 on July 31. We view CSL as a solid hold for capital growth and income.
Pilbara Minerals Ltd (ASX: PLS)
Finally, Fairmont Equities has been looking at lithium giant Pilbara Minerals.
Its analysts are optimistic that a recovery could be on the cards for its shares. However, they are not confident enough to call it a buy just yet and instead rate Pilbara Minerals as a hold. They said:
Most lithium miners have rallied well in the past few weeks and there are signs the sector is at or near the bottom. Like most lithium miners, PLS had been trending lower for the past two years, but it recently reached a new peak on the share price chart by breaking above the May high on good volume. It's early days, but this could be the first step in PLS breaking the downtrend and embarking on a likely recovery.
