For the week, FNArena registered one single upgrade in recommendation for an ASX-listed stock; Senex Energy was lifted to Neutral/Hold. On the other side of the ledger, six recommendations were pulled back to Neutral/Hold, with three downgrades pulling back to Sell.
Among the fresh Sell ratings we find energy producer Santos; regional lender Bank of Queensland -post disappointing interim result release; and housing market-exposed portal owner Domain Holdings.
FNArena's daily monitoring is limited to eight major stockbrokerages in Australia, but still, these numbers can serve as an indication as to general sentiment and considerations among investors of all kinds and sizes. Is it worth chasing short term momentum or is it safer to start taking some exposure off the table?