Actively day trading S&P/ASX 200 Index (ASX: XJO) stocks is both a high-stress and high-risk endeavour in the pursuit of potentially market-beating returns.
I much prefer the investing style of billionaire Warren Buffett, whose famous quotes include, "Our favourite holding period is forever."
Still, that doesn't mean we shouldn't shake up our investment portfolios every now and again to try to capture next year's outperformers and eliminate potential underperformers.
With that in mind, here are two ASX stocks leading experts rate as buys and one that's recommended as a sell (courtesy of The Bull).
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Expert calls time on this ASX 200 stock
Starting with the sell side, Medallion Financial Group's Stuart Bromley is calling time on Computershare Ltd (ASX: CPU).
"CPU is a global financial services company offering share registry, corporate trusts and stakeholder management services across 20 countries," said Bromley, who has a sell recommendation on the stock.
Computershare shares are down 0.2% at the time of writing today, changing hands for $37.19 apiece.
Shares in the ASX 200 stock are up 32.5% over 12 months, not including the 93 cents a share in unfranked dividends the company paid eligible shareholders over this time.
But looking ahead, Bromley doesn't expect the same kind of outperformance in FY 2026.
"The shares have fallen from $41.50 on August 11 to trade at $39.26 on August 21," he said.
Bromley added:
Management revenue of $3.1 billion in fiscal year 2025 was up 4% on the prior corresponding period. However, we can't identify a catalyst that will generate meaningful growth in the short term.
The $750 million buy-back has finished and valuations for potential acquisitions are high. Execution risk follows if a merger and acquisition strategy is pursued.
Which brings us to…
Two promising ASX shares to buy
Turning to the ASX 200 stocks you may want to add to your holdings, Sequoia Wealth Management's Peter Day has a positive outlook on Temple & Webster Group Ltd (ASX: TPW).
"TPW is an online furniture and homewares retailer," said Day, who has a buy recommendation on the stock (from The Bull).
Temple & Webster shares are down 0.6% today, trading for $24.56 each. Taking a step back, shares are up a whopping 114.7% over 12 months. And Day foresees more strong growth potential ahead.
"The company posted revenue of $600.7 million in fiscal year 2025, up 20.7% on the prior corresponding period. Net profit after tax of $11.3 million was up 532.8%," he said.
Day concluded:
TPW's product offering and range is clearly resonating well with shoppers, as the company generated a high level of growth despite a tight economic environment. Its share of the furniture and homewares market is increasing, which is likely to deliver outsized growth over the medium term.
Moving on to the second promising ASX 200 stock you might want to buy in the hunt for outperformance, we have Lendlease Group (ASX: LLC).
"LLC is a property developer and investment manager," said Sequoia's Day, who has a buy recommendation on Lendlease.
Lendlease shares are down 0.7% at the time of writing today, changing hands for $5.38 each. That sees shares down 19.5% over 12 months, not including the 23 cents a share in partly franked dividends Lendlease paid (or shortly will pay) over the full year.
But Day sees a much stronger year ahead.
"The company has secured final heritage approval for its Gurrowa Place development in Melbourne in partnership with the City of Melbourne and Scape," he said.
"The project involves building new homes, student housing and car parks. The $1.7 billion project is expected to start in 2026," Day added. "Also, the company announced on July 16 that it was growing its Australian pipeline with a luxury residential development in Sydney."
And the ASX 200 stock returned to profitability in FY 2025 following hefty losses in FY 2024.
According to Day:
The group reported a statutory profit after tax of $225 million in fiscal year 2025 compared to a statutory loss after tax of $1.502 billion in the prior corresponding period.
