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 >
You need to be a full subscriber to access this feature of the Switzer Super Report. Click here to upgrade your subscription or read recently answered questions below
Last week was a busy week for brokers, with a total of 27 recommendations. There was a lot of activity around some stocks, with actions on Boral, Coca Cola and Downer EDI quite conflicted.
Resources stocks featured prominently on both the upgrade and the downgrade side of the share market as concerns around commodity prices drove movements. Atlas Iron and Orica were upgraded.
Quarterly reporting, especially from the miners, kept brokers busy with their recommendations last week. Momentum was skewed towards the downside, with 14 calls lowered versus nine recommendation incr..
Downgrades were the order of the day last week for brokers, as many cut their commodity forecasts, which results in poorer outlooks for some miners.
It was a busy week last week for brokers who were in a very good mood, upgrading 24 companies and downgrading 13.
Brokers were in a good mood last week with only one downgrade. The 11 upgrades included Boart Longyear, which got a tick from CIMB for cost cutting.