SunGard rounds up 10 hottest stocks
08 January 2013 New York
Image: Shutterstock
SunGard's Astec Analytics, which provides intraday short selling market colour, has rounded up 10 of the hottest stocks from a securities lending perspective.
1 - Herbalife Ltd. (HLF)
SunGard stated that Herbalife is: "Very much surrounded by uncertainty and speculation after Bill Ackman gave a presentation last month, explaining why he believes the company to be a pyramid scheme and the best short selling opportunity he has ever seen. Although the share price has been making a decent recovery, only some of this was on the back of short covering, predominately in the last few trading days of the year. Both volumes borrowed and borrowing cost remain at elevated levels and are casting doubt on the sustainability of the recent price rise."
2 - Garmin Ltd. (GRMN)
"As the share price sees fairly choppy trade, Astec Analytics' data shows short interest is continuing to build after former COO Clifton Pemble became the company’s chief executive as of 1 January," said SunGard.
3 - Sandridge Energy Inc. (SD)
Brokerage firm Wunderlich Securities downgraded the company from ‘buy’ to ‘hold’, and analysts have expressed concern about the management and the company’s Mississippi Lime projects. "Despite this however, the share price has been squeezing out some gains in the first week of January, while short interest has seen little change," said SunGard.
4 - First Solar Inc. (FSLR)
"Although the company has kicked-off 2013 with a number of mixed stock recommendations, First Solar’s share price has been making fair progress last week, helped in large part with a knock-on effect from an upgrade and strong outlook for its peer, SunPower Corp. (SPWR)," said the firm. "Meanwhile our data suggests a turnaround may be taking hold, with short interest steadily declining since trading slowed down heading into the Christmas holiday period."
5 - Tesla Motors Inc. (TSLA)
"Concerns surrounding funding are limiting any upward momentum for the electric vehicle maker, although it has cleared an interesting legal hurdle in recent days after a Massachusetts court confirmed that the company will be allowed to open up its own showrooms to sell its vehicle line, rather than being forced to use third-party dealerships as is the industry standard," said SunGard.
The other five hottest stocks from a securities lending perspective were Research in Motion, Molycorp, Logitech International, Nokia, and Gulf Keystone Petroleum.
1 - Herbalife Ltd. (HLF)
SunGard stated that Herbalife is: "Very much surrounded by uncertainty and speculation after Bill Ackman gave a presentation last month, explaining why he believes the company to be a pyramid scheme and the best short selling opportunity he has ever seen. Although the share price has been making a decent recovery, only some of this was on the back of short covering, predominately in the last few trading days of the year. Both volumes borrowed and borrowing cost remain at elevated levels and are casting doubt on the sustainability of the recent price rise."
2 - Garmin Ltd. (GRMN)
"As the share price sees fairly choppy trade, Astec Analytics' data shows short interest is continuing to build after former COO Clifton Pemble became the company’s chief executive as of 1 January," said SunGard.
3 - Sandridge Energy Inc. (SD)
Brokerage firm Wunderlich Securities downgraded the company from ‘buy’ to ‘hold’, and analysts have expressed concern about the management and the company’s Mississippi Lime projects. "Despite this however, the share price has been squeezing out some gains in the first week of January, while short interest has seen little change," said SunGard.
4 - First Solar Inc. (FSLR)
"Although the company has kicked-off 2013 with a number of mixed stock recommendations, First Solar’s share price has been making fair progress last week, helped in large part with a knock-on effect from an upgrade and strong outlook for its peer, SunPower Corp. (SPWR)," said the firm. "Meanwhile our data suggests a turnaround may be taking hold, with short interest steadily declining since trading slowed down heading into the Christmas holiday period."
5 - Tesla Motors Inc. (TSLA)
"Concerns surrounding funding are limiting any upward momentum for the electric vehicle maker, although it has cleared an interesting legal hurdle in recent days after a Massachusetts court confirmed that the company will be allowed to open up its own showrooms to sell its vehicle line, rather than being forced to use third-party dealerships as is the industry standard," said SunGard.
The other five hottest stocks from a securities lending perspective were Research in Motion, Molycorp, Logitech International, Nokia, and Gulf Keystone Petroleum.
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