Deciding which ASX shares are buys and which ones are sells can be difficult.
To help you figure things out, let's look at three ASX shares that experts are tipping as sells this week, courtesy of The Bull.
Here's what they are saying:
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Magellan Financial Group Ltd (ASX: MFG)
The team at Catapult Wealth thinks that this fund manager's shares are a sell this week.
It is feeling bearish for a number of reasons. One of those is the underperformance of Magellan's investment portfolio. It commented:
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.
Qantas Airways Ltd (ASX: QAN)
MPC Markets has named Qantas shares as a sell this week.
The main reason for this is its exposure to volatile jet fuel prices. MPC Markets appears to believe that fare increases to offset higher costs could impact demand. As a result, it sees now as the time to sell. It explains:
The airline giant is exposed to volatile jet fuel prices in response to the Middle East conflict. Although QAN hedged about 90 per cent of its exposure to crude oil prices in the second half of 2026, it was exposed to movements in jet refining margins. Qantas announced in April that jet refining margins had increased from $US20 a barrel in February to a peak of around $US120 a barrel.
The company announced capacity adjustments and fare increases to mitigate the impact of the Middle East conflict. Higher fares may impact demand. We would be inclined to sell into strength.
Ramsay Health Care Ltd (ASX: RHC)
Catapult Wealth is also feeling bearish about Ramsay Health Care and has named the private hospital operator as a sell.
It fears that stretched government budgets will put pressure on health care spending and that margins could be squeezed. As a result, the wealth management company thinks investors should be taking profit after strong gains this year. It said:
Ramsay owns and manages private hospitals in Australia, the UK and Europe. The company benefits from an ageing population driving spending on health care. But cost of living and inflationary pressures contribute to higher labour costs for RHC. Also, stretched government budgets put pressure on health care spending.
Consequently, margins may be pressured over time as governments offer lower contributions and less than inflation levels of indexation. The shares have risen from $34.59 on January 2 to trade at $44.04 on July 30. Investors may want to consider cashing in some gains.
