AMP Ltd (ASX: AMP) and Domino's Pizza Enterprises Ltd (ASX: DMP) shares have both underperformed the 8.8% gains delivered by the S&P/ASX 200 Index (ASX: XJO) over the past year.
And Catapult Wealth's Dylan Evans doesn't foresee a turnaround for the two beleaguered stocks anytime soon (courtesy of The Bull).
In afternoon trade on Monday, Domino's shares are up 1%, changing hands for $22.28 apiece. This leaves shares in the ASX 200 fast food pizza retailer down 31% over the past 12 months.
AMP shares are down 2.4% today, trading for $1.33 each. This puts shares in the diversified financial services company down 5.2% since this time last year.
AMP shares crashed 26.7% on 12 February following the release of the company's full calendar year 2025 results. Investors were favouring their sell buttons, with the company reporting an 11.3% year-on-year fall in statutory net profit after tax (NPAT) to $133 million. AMP also forecast tighter margins in its platforms business.
Now, here's why Evans has a sell recommendation on both AMP and Domino's shares.
Image source: Getty Images
AMP shares flat over five years
"This diversified financial services company has been making progress with its turnaround strategy," Evans noted. "Simplifying the business is revealing positive outcomes."
But that's not keeping him from recommending investors sell AMP shares.
According to Evans:
However, there's a long road ahead for AMP given its disappointing performance over many years. Its platform business is exposed to the tailwind of a growing superannuation asset pool, but it lags competitors in a space with rapidly evolving technology.
Commenting on the long-run historic AMP share price performance, Evans concluded, "The shares were priced at $1.41 on March 1, 2021. The shares were trading at $1.37 on February 19, 2026. Better options exist elsewhere."
Time to sell Domino's shares?
Turning to Domino's Pizza, Evans noted, "The fast food giant has been expanding into European and Asian markets with some success."
But he doesn't believe that expansion is a sufficient reason to hold onto Domino's shares.
Evans concluded:
However, in our view, DMP faces too many headwinds. Domino's is battling cost inflation on raw materials, cost of living pressures among consumers and a long-term trend towards healthier options.
Also, Domino's faces significant competition from an ever-growing list of food choices and home delivery services.
ASX investors will get a clearer look under the hood (or bonnet, if you prefer) of Domino's shares on Wednesday when the company reports its half-year earnings results (H1 FY 2026).
Stay tuned!
