Bell Potter’s top stock picks for 2023

It's been a wild year in markets, but 2023 will still have opportunities worthy of your attention. In that vein, Bell Potters analysts offer up their top stock picks for FY23.
Bell Potter


Our analysts have compiled their annual list of top stock picks for FY23, canvassing everything from Listed Investment Companies (LICs) through to agriculture, technology, healthcare, energy and everything in between. 

In listed funds, Hayden Nicholson notes that defensive protection has been provided by cyclical and high beta segments of the market, and less so from traditional defensives. As such, the picks this year have focused on utilising the experience of professional investment managers to better enhance return potential through a possible recession or adapt to changing market conditions. 

Tech stocks (and long-duration stocks in general) have had a year to forget in 2022. Given the high likelihood that interest rates will continue to rise or at least remain elevated, analysts  Chris Savage and Michael Ardrey are putting increased emphasis this year on stocks with reasonable cash flows now or in the short term and which also have reasonable to strong growth outlooks.

"We believe these sorts of stocks will perform well – even in a rising interest rate environment – given the outlook of slowing growth and the risk of recession globally."

Energy markets, meanwhile, are expected to remain volatile. Shifting supply chains due to the Russia-Ukraine war combined with increased consumption through winter will continue to fuel demand, according to analysts. But not indefinitely. 

Bell's analysts favour uranium and gas producers, and offer up two companies "with a proven track record of production and de-risked assets."

If you are having trouble accessing the PDF please click here

Livewire gives readers access to information and educational content provided by financial services professionals and companies ("Livewire Contributors"). Livewire does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. Before making a decision please consider these and any relevant Product Disclosure Statement. Livewire has commercial relationships with some Livewire Contributors.

2 topics

43 stocks mentioned

1 contributor mentioned

Bell Potter

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter