Rudi Filapek-Vandyck has been a journalist for nearly three decades, of which nearly two decades has been in finance. After successfully establishing a leading financial news service in Europe, Rudi moved to Australia where he founded FNArena, an online service dedicated to providing independent and unbiased market analysis. He has also develope...View more >
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Upgrades have just outnumbered downgrades 7 to 6.
20 upgrades and 10 downgrades, with Aristocrat Leisure enjoying the largest positive adjustment to forecasts for the week.
Upgrades have outnumbered downgrades 15 to 8.
Last week our share market was solidly supported by stockbroking analysts issuing a tsunami of recommendation upgrades for beaten down ASX-listed stocks.
On a positive note, there are 7 stocks in the good books and only 1 not looking so good today.
Perhaps the most important observation is that underlying momentum for Australian companies listed on the ASX seems to have turned for the worst.