S&P/ASX 200 Index (ASX: XJO) shares are down 0.2% to 8,955.1 points on Monday.
Let's start the new week with some fresh ratings from Dylan Evans of Catapult Wealth (courtesy The Bull).
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Dexus (ASX: DXS)
The Dexus share price is $6, up 0.2% today and down 15% over 12 months.
Evans has a buy rating on this ASX 200 real estate investment trust (REIT), and said:
Dexus owns and leases a portfolio of mostly office and industrial assets and operates a funds management business that invests in a wide range of real estate in Australasia.
The property portfolio is concentrated in premium locations, where demand assists in retaining overall occupancy above 90 per cent and well above the market.
Dexus offers a secure income stream, and we're hopeful the buy-back of up to 10 per cent of stock announced in February will benefit the share price by reducing the long standing discount to net tangible assets.
Origin Energy Ltd (ASX: ORG)
The Origin Energy share price is $11.02, up 2.4% today and down 7% over 12 months.
Evans has a hold rating on this ASX 200 utilities share, and commented:
Origin Energy is one of the major electricity retailers in Australia and a global gas supplier.
Despite recently reporting a customer data breach, several other positive trends support holding the Origin business.
In the absence of a peace deal or meaningful resolution in the Middle East, we expect upwards pressure on gas prices.
Demand for power is expected to increase consistently in Australia and overseas, driven by electrification, data centres and population growth. Demand for power should lead to higher electricity prices.
Magellan Financial Group Ltd (ASX: MFG)
The Magellan Financial share price is $9.63, up 0.8% today and down 7% over 12 months.
Evans has a sell rating on this ASX 200 financial share.
He explained:
Magellan is an active Australian fund manager that invests in global equities.
On August 9, 2021, the shares were priced at $51.40. The stock was trading at $9.54 on July 30, 2026.
Magellan has been undergoing significant change and faced considerable internal instability during the past four years.
Staff turnover, comparably high investment management fees and an underperforming investment portfolio contributed to fund outflows.
Statutory profit of $68.9 million in the first half of financial year 2026 was down 27 per cent on the prior corresponding period.
Other diversified financial stocks appeal more in these challenging and volatile times.
