Time to Buy These Bargain ASX Stocks at Record Levels
By Janine Cox, Fil Tortevski and Pedro Banales
With the Australian stock market down around 10%, investors are wondering which ASX stocks offer genuine bargain-buying opportunities and which could continue to fall. In the latest episode of the Australian Stock Market Show, Wealth Within analysts Filip Tortevski, Janine Cox, and Pedro Benales share their insights on the sectors most affected by current volatility and pinpoint potential rebound candidates.
Their discussion focuses on how material and bank stocks, energy players, and select healthcare and property equities are shaping up amid global uncertainty. As Australia’s leading provider of share trading education, Wealth Within’s approach is grounded in disciplined technical analysis, real-world trading experience, and understanding stock market psychology.
The Market Drivers Behind the Crash
The ASX All Ordinaries Index has shed around 10%, dragged down by materials, banking, and gold sectors that had previously driven market highs. According to Senior Analyst Janine Cox, the pullback in materials like BHP and Alcoa reflects a temporary cycle of profit-taking and fund manager rotation, not necessarily a long-term shift.
Meanwhile, energy stocks have surged as geopolitical conflicts drive up fuel prices. Pedro noted that while short-term spikes are linked to global unrest, the energy sector and particularly gas, could see sustained growth over the next decade.
Stock Spotlight #1: BHP Group
A stalwart of the Australian market, BHP has seen a steep sell-off, returning to a historical trading range after hitting record highs. Despite this, analysts say long-term investors should remain patient rather than try to “catch a falling knife.”
The current volatility presents a potential buying opportunity once support confirms. As Janine explained, “Stocks that exhibit strong sideways consolidation, like BHP, often retest support before breaking out again.”
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Stock Spotlight #2: ANZ Group
The banking sector, specifically ANZ, is showing resilience despite wider market weakness. ANZ recently broke out to new all-time highs before consolidating near $35. With a PE ratio around 18 and a dividend yield near 4.5%, it’s presenting value for income-seeking investors.
Pedro’s analysis suggests a near-term move toward $40, with upside potential to $46 or even $50 over the longer term. “Breaking out of a multi-year resistance is a bullish sign,” he noted, “especially with strong fundamentals behind it.”
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Stock Spotlight #3: Alcoa
Alcoa, a notable player in the aluminium and materials sector, has dropped sharply amid broader market fear. The team at Wealth Within sees potential here once the stock bottoms out, likely between $70 and $75 based on current momentum.
Janine cited orderly selling pressure, suggesting the pullback could represent a reset rather than a collapse. “If it finds support and breaks out above consolidation, Alcoa may offer 40% upside potential,” she commented.
Stock Spotlight #4: Sonic Healthcare
Sonic Healthcare has been unloved in recent years, with its share price trending lower. However, its fundamentals remain strong with a low PE and a high dividend yield around 5.5%.
Pedro identified potential support near $17.50–$21, while Janine suggested patient investors watch for a sustained reversal before entering. This setup underscores the importance of using sound trading rules and confirmation signals, principles central to all Trading courses offered by Wealth Within.
Stock Spotlight #5: Capstone Copper
One of the hardest-hit resource names has been Capstone Copper, which fell sharply amid weakness in base metals. Despite the drop, analysts see evidence of a consolidation pattern, signaling a possible rebound once volume stabilises.
Historically, copper’s long-term demand driven by global electrification adds a structural support case for investors looking past short-term volatility.
Stock Spotlight #6: Charter Hall Long WALE REIT
While many investors overlook property during market uncertainty, Charter Hall’s Long WALE REIT might offer hidden value. With a price-to-earnings ratio near 11 and a 7% yield, Pedro noted, “It’s one to keep an eye on as the fundamentals are solid, but confirmation of a support break will determine timing.”
Technical analysis suggests a reversal forming near $3.20–$3.40, marking an early recovery opportunity if the pattern holds.
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Stock Spotlight #7: Newmont Corporation
Newmont, one of the world’s largest gold producers, has declined by over 30% but could be nearing key support. Historically, similar declines led to strong reversals. Analysts advise watching for price confirmation before re-entry, highlighting how disciplined rules protect against premature trades.
Stock Spotlight #8: Computershare
Computershare, the share registry giant, has experienced consistent downward pressure, falling from its highs in 2025. Should support hold at $26, the reversal potential remains high.
Pedro warns that if it breaks below that mark, a move toward $23 is possible, but value investors might soon see a turnaround opportunity.
Stock Spotlight #9: Lendlease
Lendlease has fallen to levels not seen since 1985, leading Janine to compare it to a “Titanic” scenario. Still, history suggests such deep lows can mark generational buying zones once a clear reversal forms.
While patience is key, she added, “these are often the moments investors look back on as missed opportunities.”
Stock Spotlight #10: Origin Energy
The team’s top hot stock was Origin Energy, a vertically integrated energy provider. Pedro highlighted its exposure to the global gas market through a 27.5% stake in Australia Pacific LNG, saying: “It’s well-positioned to benefit from global energy shifts and rising gas demand.”
Origin has rebounded strongly, with the technical chart suggesting potential to rise to $14.50 in the short term and even to $20 by 2027.
Final Thoughts: Navigating Bargain Stocks Confidently
Wealth Within’s panel reiterated that during volatile times, investors need structure, not speculation. Understanding which declines are genuine pullbacks and which signal deeper weakness requires the right trading education.
To learn strategies that help you analyse stocks like a pro, explore our Hot Stock Tips videos and ASX video library. If you’re new to the market, start with our Stock market for beginners guide for essential steps to build investing confidence.
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