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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There have been more downgrades than upgrades this week.
For the week ending Friday 31 May 2019, FNArena registered 17 downgrades in recommendations for individual ASX-listed stocks against only 8 upgrades.
Vocus Group (VOC) has been upgraded two stockbrokers this week, while Bluescope Steel (BSL) and QBE Insurance (QBE) have each received two downgrades.
Against a background of portfolio reshuffling and short covering post the surprise election outcome in Australia, local stockbroking analysts are busier than one would expect this time of year.
An equal number of companies have been upgraded and downgraded by stockbrokers so far this week.
The split between a share market that wants to move higher and Australian companies that are unable to provide better profit results continues to show up in FNArena's daily monitoring of 8 leading sto..