SunGard's hottest stocks
02 October 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.
Air France KLM (AF.PA) is Astec’s top pick for the Europe, Middle East and Africa (EMEA) region as it suffered industrial action, its pilots striking for 14 days, with a number of analysts citing the loss of revenue and benefit to rivals, as well as a stock downgrade by Jefferies from “hold” to “underperform”.
As its share price suffered on the back of these revenue losses, data from Astec suggests short selling began to climb, having previous been on the decline for two months, with the number of shares borrowed up 6 percent.
French geoscience firm CGG (CGG.PA) is also singled out in the EMEA region, seeing fresh attention after it announced that it signed an exclusive multi-client data agreement with the Ministère du Pétrole et des Hydrocarbures of the Republic of Gabon.
While its share price continued to slide, Astec's data shows returning demand to short sell the stock, with the cost of borrowing doubling during the week.
The US listing of Asian company Alibaba Group Holding (BABA) is Astec’s top pick for North America as the first securities lending data emerged following its long awaited initial public offering.
The cost of borrowing the stock on its first day fell fairly rapidly, starting in the 25 percent region early in the session and ending the day at only 20 basis points.
Holding its position on the list, action camera maker GoPro (GPRO) remained in focus after it updated its Hero camera line last week; a range it says includes the most powerful line up yet.
Its share price climbed almost 25 percent higher in the week; while on the borrowing front short sellers seem to have begun a turnaround in their position, with borrowing edging about 5 percent lower, retracing approximately half the increase it made in the earlier part of September.
Japanese semiconductor wafer producer Sumco Corporation (3436) is Astec’s top Asia Pacific pick for the week as its strong gains in the cash market have begun to draw attention from short sellers.
Astec stated: “Following good results and a large number of share purchases from foreign investors, Sumco has seen its stock price rise over 50 percent in September.”
Astec's data suggests short selling of the stock has actually been growing since the start of August, in which time borrowing volumes are now 42 percent higher.
Also making waves in the Asia Pacific region is Chinese solar energy company Hanergy Solar Group (0566.HK), following news that it will be making its systems available on sale through Ikea in the Netherlands and Switzerland, following a successful pilot scheme in the UK.
Its share price has been climbing throughout September, although these gains stalled somewhat last week, while Astec's data suggests demand to borrow the stock increased at the same time—the cost of borrowing its shares almost doubling in the week.
Air France KLM (AF.PA) is Astec’s top pick for the Europe, Middle East and Africa (EMEA) region as it suffered industrial action, its pilots striking for 14 days, with a number of analysts citing the loss of revenue and benefit to rivals, as well as a stock downgrade by Jefferies from “hold” to “underperform”.
As its share price suffered on the back of these revenue losses, data from Astec suggests short selling began to climb, having previous been on the decline for two months, with the number of shares borrowed up 6 percent.
French geoscience firm CGG (CGG.PA) is also singled out in the EMEA region, seeing fresh attention after it announced that it signed an exclusive multi-client data agreement with the Ministère du Pétrole et des Hydrocarbures of the Republic of Gabon.
While its share price continued to slide, Astec's data shows returning demand to short sell the stock, with the cost of borrowing doubling during the week.
The US listing of Asian company Alibaba Group Holding (BABA) is Astec’s top pick for North America as the first securities lending data emerged following its long awaited initial public offering.
The cost of borrowing the stock on its first day fell fairly rapidly, starting in the 25 percent region early in the session and ending the day at only 20 basis points.
Holding its position on the list, action camera maker GoPro (GPRO) remained in focus after it updated its Hero camera line last week; a range it says includes the most powerful line up yet.
Its share price climbed almost 25 percent higher in the week; while on the borrowing front short sellers seem to have begun a turnaround in their position, with borrowing edging about 5 percent lower, retracing approximately half the increase it made in the earlier part of September.
Japanese semiconductor wafer producer Sumco Corporation (3436) is Astec’s top Asia Pacific pick for the week as its strong gains in the cash market have begun to draw attention from short sellers.
Astec stated: “Following good results and a large number of share purchases from foreign investors, Sumco has seen its stock price rise over 50 percent in September.”
Astec's data suggests short selling of the stock has actually been growing since the start of August, in which time borrowing volumes are now 42 percent higher.
Also making waves in the Asia Pacific region is Chinese solar energy company Hanergy Solar Group (0566.HK), following news that it will be making its systems available on sale through Ikea in the Netherlands and Switzerland, following a successful pilot scheme in the UK.
Its share price has been climbing throughout September, although these gains stalled somewhat last week, while Astec's data suggests demand to borrow the stock increased at the same time—the cost of borrowing its shares almost doubling in the week.
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