Buy, hold, sell: Deep Yellow, SGH, Telstra shares

S&P/ASX 200 Index (ASX: XJO) shares are deeply in the red, down 1.9% to 8,621.6 points on Thursday.

Amid ongoing market weakness, here are three fresh buy, hold, and sell calls from the experts.

Deep Yellow Ltd (ASX: DYL)

The Deep Yellow share price is $1.15, down 2.1% today and down 42% over 12 months. 

Morgans has a speculative buy call on this ASX 200 uranium share. 

The broker said: 

FID deferral looks increasingly justified — The decision to defer Tumas has coincided with a ~20% increase in long-term uranium prices and a more favourable contracting environment, strengthening the economics of project development.

Tumas is increasingly de-risked ahead of 4Q26 FID — Detailed engineering is nearing 80% completion, bulk earthworks are complete, key infrastructure agreements are in place, and financing work continues to advance.

A rare long-life uranium asset — With a 118.2Mlb U3O8 Mineral Resource, targeted production of 3.6Mlbpa and a mine life exceeding 30 years, Tumas has the potential to become a globally significant uranium operation.

Telstra Group Ltd (ASX: TLS)

The Telstra share price is $4.82, down 0.3% today and down 0.7% over 12 months. 

John Athanasiou from Red Leaf Securities has a hold rating on this ASX 200 telco share. 

On The Bull this week, Athanasiou said: 

Telstra provides relatively defensive earnings and reliable cash flow during what has been a volatile period for equity markets.

The mobile division remains the key earnings driver, while infrastructure assets add stability. However, expectations are already reflected in the share price, and recent network service concerns create reputational risk.

Hold for income rather than substantial near term capital growth.

SGH Ltd (ASX: SGH)

The SGH share price is $37.11, down 1.1% today and down 25% over 12 months. 

Mark Gardner from MPC Markets has a sell rating on this ASX 200 industrials share. 

Gardner explained: 

This diversified company has businesses across industrial services, energy and media. It owns integrated construction materials business Boral and equipment hire business Coates. WesTrac is the sole authorised Caterpillar dealer in Western Australia, New South Wales and the Australian Capital Territory.

Group earnings before interest and tax of $1.554 billion in full year 2026 were up just 1 per cent on the prior corresponding period. Underlying net profit after tax of $920 million was broadly flat.

SGH is exposed to the Australian construction sector, which is experiencing increasing insolvencies.

SGH shares have fallen from $46.34 on August 10 to trade at $36.73 on September 24.

Investors may want to consider cashing in some gains.

SGH expects to deliver flat to low single digit EBIT growth in full year 2027.

The post Buy, hold, sell: Deep Yellow, SGH, Telstra shares appeared first on The Motley Fool Australia.

More reading

• With $2.4 billion in FY26 profits, are Telstra shares a good buy today?
• 2 ASX blue-chip shares offering big dividend yields
• Where I’d invest in ASX shares after the recent RBA rate rise
• How much is needed in superannuation for $1500 in weekly passive income?
• Where to invest $20,000 in ASX dividend shares for passive income

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Caterpillar. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.