SunGard's hottest stocks
24 September 2014 Global
Image: Shutterstock
The hottest stocks from around the globe for the week beginning 22 September 2014 have been compiled by SunGard’s Astec Analytics.
In the Europe, Middle East and Africa (EMEA) region, Astec has singled out Thomas Cook Group (TCG.L) as its top pick following the release of its latest earnings numbers.
Despite coming in generally as expected, the numbers brought about a sell-off in Thomas Cook’s shares as focus turned to a fall in German consumer confidence, and uncertain foreign exchange rates and oil prices.
Data from Astec suggests that, while some short sellers covered positions in the run up to the results, the numbers brought about a resurgence of interest, with borrowing ending the week 20 percent higher than it started.
French geoscience company CGG, S.A. (CGG.PA) also continued to see interest as its share price pulled back further—losing around half the gains made earlier in the month.
On the securities lending front, although the number of CGG shares being borrowed did slip around 3 percent during the week, overall borrowing still stands almost 25 percent higher than the August low, suggesting short sellers are still holding out for additional losses in the stock.
Technology giant Apple (AAPL) is Astec’s top pick for North America after it launched its latest handset, the iPhone 6, with dedicated fans once again queuing for days in order to be among the first to own one.
Astec commented: “We now know the company sold a record 10 million iPhones in its first weekend of sales, although despite this the week's trade in the cash market has still been somewhat mixed.”
On the borrowing front meanwhile, Astec's figures suggest short selling has been steadily, if somewhat mildly, on the decline since the start of September, with borrowing of its stock having fallen 27 percent in that time.
Camera maker GoPro (GPRO) was also selected by Astec as a Wall Street Journal article drew attention to its high valuation compared to expected earnings, with much of the recent stock gains seen as focusing on its next release, which CEO Nick Woodman promised will be "a big one."
Despite this, GoPro shares held fairly steady during the week, although Astec's figures suggest demand to short sell the stock continued to grow, even with little availability left in the market.
While GoPro’s utilisation holds near the 100 percent level, the cost of borrowing was driven from 81 percent to more than 130 percent in the previous week, by far the highest on record for the company.
Chinese property developer Agile Property Holdings (3383.HK) is Astec’s top pick for the Asia Pacific region this week after it announced a $355 million rights issue, which brought about a 7 percent drop in its shared.
Astec says: “The company's shares had already been suffering for most of September, and our data suggests short selling had been climbing throughout the week; borrowing is up more than 20 percent since the previous Friday.”
Seeing its third consecutive week in Astec’s list, hotelier Seibu Holdings (9024) saw fresh interest after it said it would be opening a sales office in Taiwan as part of a move to promote Japanese tourism.
While Seibu's share price has been treading water for most of the week, borrowing slipped lower by about 10 percent, although in context it still stands 20 percent higher than September 1.
In the Europe, Middle East and Africa (EMEA) region, Astec has singled out Thomas Cook Group (TCG.L) as its top pick following the release of its latest earnings numbers.
Despite coming in generally as expected, the numbers brought about a sell-off in Thomas Cook’s shares as focus turned to a fall in German consumer confidence, and uncertain foreign exchange rates and oil prices.
Data from Astec suggests that, while some short sellers covered positions in the run up to the results, the numbers brought about a resurgence of interest, with borrowing ending the week 20 percent higher than it started.
French geoscience company CGG, S.A. (CGG.PA) also continued to see interest as its share price pulled back further—losing around half the gains made earlier in the month.
On the securities lending front, although the number of CGG shares being borrowed did slip around 3 percent during the week, overall borrowing still stands almost 25 percent higher than the August low, suggesting short sellers are still holding out for additional losses in the stock.
Technology giant Apple (AAPL) is Astec’s top pick for North America after it launched its latest handset, the iPhone 6, with dedicated fans once again queuing for days in order to be among the first to own one.
Astec commented: “We now know the company sold a record 10 million iPhones in its first weekend of sales, although despite this the week's trade in the cash market has still been somewhat mixed.”
On the borrowing front meanwhile, Astec's figures suggest short selling has been steadily, if somewhat mildly, on the decline since the start of September, with borrowing of its stock having fallen 27 percent in that time.
Camera maker GoPro (GPRO) was also selected by Astec as a Wall Street Journal article drew attention to its high valuation compared to expected earnings, with much of the recent stock gains seen as focusing on its next release, which CEO Nick Woodman promised will be "a big one."
Despite this, GoPro shares held fairly steady during the week, although Astec's figures suggest demand to short sell the stock continued to grow, even with little availability left in the market.
While GoPro’s utilisation holds near the 100 percent level, the cost of borrowing was driven from 81 percent to more than 130 percent in the previous week, by far the highest on record for the company.
Chinese property developer Agile Property Holdings (3383.HK) is Astec’s top pick for the Asia Pacific region this week after it announced a $355 million rights issue, which brought about a 7 percent drop in its shared.
Astec says: “The company's shares had already been suffering for most of September, and our data suggests short selling had been climbing throughout the week; borrowing is up more than 20 percent since the previous Friday.”
Seeing its third consecutive week in Astec’s list, hotelier Seibu Holdings (9024) saw fresh interest after it said it would be opening a sales office in Taiwan as part of a move to promote Japanese tourism.
While Seibu's share price has been treading water for most of the week, borrowing slipped lower by about 10 percent, although in context it still stands 20 percent higher than September 1.
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