SunGard's hottest stocks
30 October 2014 Global
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The hottest stocks from around the globe for the week beginning 27 October 2014 have been compiled by SunGard’s Astec Analytics.
Banca Monte dei Paschi di Siena SpA (BMPS.MI) is Astec’s top pick for Europe, Middle East and Africa as it saw borrowing activity increase ahead of the results of the European Central Bank's stress tests—results that exposed Banca Monte as one of the region's most troubled banks, suggesting they will need €2.1 billion of fresh capital.
While its share price gained ground in the run-up to the results, borrowing of its shares increased dramatically—a strong indication that short sellers were already betting on bad news from the tests.
CNH Industrial NV (CNHI) has also been selected by Astec as it saw an increase in unsteady trading activity in the cash market after announcing termination of 150 workers at its local tractor plant in December, reducing production due to a slowdown in sales.
On the borrowing front, data from Astec suggests that short sellers have continued their building of positions, with the volume of CHNI stocks being borrowed up an additional 8 percent last week.
The online retail giant Amazon (AMZN) is Astec’s top pick for North America after it posted a worse than expected loss for Q3, sending its shares 10 percent lower to close out the week below $290 for the first time since May.
On the short selling front, so far the loss seems to have done little to change sentiment, according to Astec, with borrowing of Amazon shares continuing the slide it has seen since late September. Borrowed volumes are now about 22 percent lower.
GoPro (GPRO) has seen its recent shares gains retraced after Oppenheimer initiated its coverage of the stock with an “underperform” rating. While its share price lost ground, Astec's data suggests short sellers began to build positions again—with borrowing up by a third.
South Korean auto maker, Kia Motors (000270.KS), has made its debut in the hot stocks list for the Asia Pacific region after announcing a 27 percent drop in profit for Q3, despite a 3 percent increase in vehicle sales.
The country's strengthening currency has been cited as the predominant cause of this.
Kia's share price has seen a fairly volatile six weeks in the cash market although, on the securities lending front, data from Astec suggests short selling has seen a clearer pattern for the past two weeks at least; borrowing up 50 percent last week alone, albeit on fairly low net volumes.
Finally, Anhui Conch Cement Company (0914.HK) has maintained its place in the list after it posted its Q3 earnings, with 1 percent growth in earnings year-on-year and 15 percent growth in cement sales volumes.
While investors seemingly took the opportunity to profit take on the initial gains in its share price, Astec’s data suggests short sellers are steadfast in their recent attitude—with borrowing volumes now down 21 percent over the past 6 weeks.
Banca Monte dei Paschi di Siena SpA (BMPS.MI) is Astec’s top pick for Europe, Middle East and Africa as it saw borrowing activity increase ahead of the results of the European Central Bank's stress tests—results that exposed Banca Monte as one of the region's most troubled banks, suggesting they will need €2.1 billion of fresh capital.
While its share price gained ground in the run-up to the results, borrowing of its shares increased dramatically—a strong indication that short sellers were already betting on bad news from the tests.
CNH Industrial NV (CNHI) has also been selected by Astec as it saw an increase in unsteady trading activity in the cash market after announcing termination of 150 workers at its local tractor plant in December, reducing production due to a slowdown in sales.
On the borrowing front, data from Astec suggests that short sellers have continued their building of positions, with the volume of CHNI stocks being borrowed up an additional 8 percent last week.
The online retail giant Amazon (AMZN) is Astec’s top pick for North America after it posted a worse than expected loss for Q3, sending its shares 10 percent lower to close out the week below $290 for the first time since May.
On the short selling front, so far the loss seems to have done little to change sentiment, according to Astec, with borrowing of Amazon shares continuing the slide it has seen since late September. Borrowed volumes are now about 22 percent lower.
GoPro (GPRO) has seen its recent shares gains retraced after Oppenheimer initiated its coverage of the stock with an “underperform” rating. While its share price lost ground, Astec's data suggests short sellers began to build positions again—with borrowing up by a third.
South Korean auto maker, Kia Motors (000270.KS), has made its debut in the hot stocks list for the Asia Pacific region after announcing a 27 percent drop in profit for Q3, despite a 3 percent increase in vehicle sales.
The country's strengthening currency has been cited as the predominant cause of this.
Kia's share price has seen a fairly volatile six weeks in the cash market although, on the securities lending front, data from Astec suggests short selling has seen a clearer pattern for the past two weeks at least; borrowing up 50 percent last week alone, albeit on fairly low net volumes.
Finally, Anhui Conch Cement Company (0914.HK) has maintained its place in the list after it posted its Q3 earnings, with 1 percent growth in earnings year-on-year and 15 percent growth in cement sales volumes.
While investors seemingly took the opportunity to profit take on the initial gains in its share price, Astec’s data suggests short sellers are steadfast in their recent attitude—with borrowing volumes now down 21 percent over the past 6 weeks.
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