The long Easter weekend and Anzac public holiday made their impact felt in the week ending Friday 26 April 2019. For the week in total, FNArena registered five downgrades for ASX-listed entities, and not one single upgrade.
With four of the five downgrades affecting mining stocks, it's probably a fair conclusion market scepticism is creeping into this year's star performers. In earlier updates, we noticed a number of downgrades for yield providing stocks. And the energy sector has had their share as well, as did the banks.
The good news: most downgrades still transfer to Neutral/Hold.