It can be just as important to know which ASX shares to avoid as it is to know which ones to own when you are aiming to outperform the market.
After all, if you own shares that are likely to fall in value, your portfolio returns could suffer.
With that in mind, let's look at three ASX shares that analysts have named as sells this week, courtesy of The Bull. Here's what they are bearish on:
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Lotus Resources Ltd (ASX: LOT)
EnviroInvest has named uranium producer Lotus Resources as a sell this week.
It was disappointed with the company's quarterly update, which revealed that it is facing several operational challenges. It commented:
This uranium producer is advancing the Kayelekera mine in Malawi and the Letlhakane project in Botswana. Uranium plays an important role in reducing global emissions and it's encouraging the Kayelekera mine is moving towards steady-state production. However, the latest quarterly report highlighted several operational challenges, including lower-than-expected recoveries, re-agent shortages and the withdrawal of previously reported grade and recovery figures while reconciliation processes are reviewed.
The company remains well funded and believes these issues are manageable. Even so, in our view, operational uncertainty during a critical production ramp-up phase increases risk and warrants a more cautious approach.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
The team at DP Wealth Advisory has named entertainment company Nine Entertainment as a sell this week.
It feels that higher interest rates in a slowing economy make for a challenging environment. It explains:
This TV, newspaper publishing and streaming company has restructured its asset portfolio. It completed the sale of Nine Radio on April 30 and acquired QMS Media on March 31. The prospect of higher interest rates in a slowing economy present challenges, making it difficult to identify sufficient catalysts for meaningful growth.
In our view, there remains a structural shift away from free-to-air television towards streaming services and video on demand, but this is only partially addressed through NEC's 9Now and Stan platforms in a fiercely competitive environment.
PEXA Group Ltd (ASX: PXA)
DP Wealth Advisory has also named property settlements technology company PEXA as a sell this week.
It believes the proposed changes to capital gains tax and negative gearing could have a negative impact on the property market. It said:
PEXA is a digital property exchange business operating in Australia and more recently the UK. Australian property transaction volumes grew by 7 per cent in the third quarter of 2026, but moderated in the UK from the first half. In our view, recent proposed changes to capital gains tax and negative gearing are likely to have a cooling impact on the Australian property market. Investors may want to consider cashing in some gains and see what unfolds in the Australian and UK property markets.
