The Bottom Line

We feel the time to migrate up the risk curve is approaching and pockets of the ASX are starting to look interesting:

• We like Judo Capital (JDO) back around 80c, its 2026 low.
• We believe ASX is starting to look attractive, around $58, especially for income – we’ve added it to our Hitlist.
• We like Applied Materials (AMAST US) after its ~40% correction as an AI play.
• We remain long and bullish towards BGL after yesterday’s FY26 update.