SunGard's hottest stocks
15 October 2014 Global
Image: Shutterstock
The hottest stocks from around the globe for the week beginning 13 October 2014 have been compiled by SunGard’s Astec Analytics.
Deutsche Telekom AG (DTE.F) is Astec’s top pick for the Europe, Middle East and Africa region following news it will be partnering with China Mobile to provide a new network system that will allow cars not only to access the internet and streaming functionality, but also allowing vehicles to connect to each other over a mobile network.
Following the announcement of the partnership, Deutsche Telekom’s shares lost 7 percent and a sharp increase in short selling occurred, with data from Astec showing the number of shares borrowed climbing 38 percent.
Netherlands-based company CNH Industrial NV (CNHI) has also been singled out by Astec after data from the Association of Equipment Manufacturers showed that sales of large farm tractors and harvesting equipment in North America continued to weaken in September.
While the shares lost ground, Astec’s data suggests a resurgence in short selling, with borrowing climbing by 21 percent.
Astec’s top pick for North America is technology giant Hewlett Packard (HPQ) after news it intends, by the end of 2015, to split into two separate companies—one selling home computing and printing hardware, the other selling servers and various business equipment and services.
The company's shares gained initially on the news, although with both Fitch and Moody's putting it on negative ratings watch, and with some poor shipping numbers elsewhere in the sector, Hewlett Packard's shares still ended that week lower.
On the short selling front, although there was no immediate reaction, Astec's data suggests short selling did begin to climb as the stock lost ground in the latter part of the week, with borrowing up 24 percent in just three sessions.
As GT Advanced Technologies (GTAT) is to file for chapter 11 bankruptcy, its shares dropped from $11 before the news to just $0.80; currently trading at half of this again.
According to Astec: “A combination of volumes dropped by 30 percent, mostly on the back of short covering but seeing additional reductions as the lenders themselves recalled stock after the bankruptcy news.”
In tandem with Astec’s Europe, Middle East and Africa top pick, Chinese telecoms company China Mobile (0941.HK) leads the pack in the Asia Pacific region.
Although the company's stock made gains following the news of its partnership with Deutsche Telekom, data from Astec suggests that short selling has continued to grow since the share price began its six-week slump; borrowing volumes now up 29 percent since mid-September.
Despite the issuance of its dividend drawing fresh attention, Japanese consumer electronics retailer, Yamada Denki Company Ltd. (9831), has not seen dividend related trading on the securities lending front itself.
Borrowing volumes have climbed 7 percent so far in October, while the cost of borrowing more than doubled in the space of a week.
Deutsche Telekom AG (DTE.F) is Astec’s top pick for the Europe, Middle East and Africa region following news it will be partnering with China Mobile to provide a new network system that will allow cars not only to access the internet and streaming functionality, but also allowing vehicles to connect to each other over a mobile network.
Following the announcement of the partnership, Deutsche Telekom’s shares lost 7 percent and a sharp increase in short selling occurred, with data from Astec showing the number of shares borrowed climbing 38 percent.
Netherlands-based company CNH Industrial NV (CNHI) has also been singled out by Astec after data from the Association of Equipment Manufacturers showed that sales of large farm tractors and harvesting equipment in North America continued to weaken in September.
While the shares lost ground, Astec’s data suggests a resurgence in short selling, with borrowing climbing by 21 percent.
Astec’s top pick for North America is technology giant Hewlett Packard (HPQ) after news it intends, by the end of 2015, to split into two separate companies—one selling home computing and printing hardware, the other selling servers and various business equipment and services.
The company's shares gained initially on the news, although with both Fitch and Moody's putting it on negative ratings watch, and with some poor shipping numbers elsewhere in the sector, Hewlett Packard's shares still ended that week lower.
On the short selling front, although there was no immediate reaction, Astec's data suggests short selling did begin to climb as the stock lost ground in the latter part of the week, with borrowing up 24 percent in just three sessions.
As GT Advanced Technologies (GTAT) is to file for chapter 11 bankruptcy, its shares dropped from $11 before the news to just $0.80; currently trading at half of this again.
According to Astec: “A combination of volumes dropped by 30 percent, mostly on the back of short covering but seeing additional reductions as the lenders themselves recalled stock after the bankruptcy news.”
In tandem with Astec’s Europe, Middle East and Africa top pick, Chinese telecoms company China Mobile (0941.HK) leads the pack in the Asia Pacific region.
Although the company's stock made gains following the news of its partnership with Deutsche Telekom, data from Astec suggests that short selling has continued to grow since the share price began its six-week slump; borrowing volumes now up 29 percent since mid-September.
Despite the issuance of its dividend drawing fresh attention, Japanese consumer electronics retailer, Yamada Denki Company Ltd. (9831), has not seen dividend related trading on the securities lending front itself.
Borrowing volumes have climbed 7 percent so far in October, while the cost of borrowing more than doubled in the space of a week.
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