SunGard's hottest stocks
20 November 2014 Global
Image: Shutterstock
SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 17 November 2014.
The UK-based oil and gas exploration firm Salamander Energy (SMDR.L) has debuted as Astec’s top pick for Europe, the Middle East and Africa (EMEA) after news that a Spanish consortium led by oil company Cepsa, has proposed a 145 pence-per-share offer for the company.
The news naturally about strong gains in the stock, which closed more than 20 percent higher, though data from Astec suggests the news has yet to shake the conviction of short sellers, with borrowing volumes having climbed 7 percent.
Swiss tech company Logitech International SA (LOGN.S) has also been singled out for the EMEA region after it proposed a 25 percent increase in its full-year dividend.
The news helped boost the company's stock, which has already been holding onto gains made in October following its earnings numbers, while Astec's data hints at a similarly optimistic view from the short side.
Mexican infrastructure company Empresas ICA SAB de CV (ICA.MX) is Astec’s top North American pick, after it announced that it was awarded a 1 billion peso contract for the engineering procurement and construction of a new deep water technology centre for the Mexican Petroleum Institution.
The company's stock continued the sell-off it has been undergoing since the start of the month while, on the borrowing front, Astec's data has hinted at a similar belief form short sellers—with borrowing climbing 16 percent since mid-October.
GoPro (GPRO) has seen demand to borrow its shares surge recently, driving the cost of borrowing as high as 112 percent per annum, after it said it would be offering $800 million in shares to take advantage of the gains made in its price following its initial public offering.
With this increased demand, the last three weeks have seen borrowing volumes climbing higher, now up 75 percent since mid-October.
Astec’s top pick in the Asia Pacific region is Paladin Energy (PDN.AX), which has seen fresh attention in the wake of its latest earnings numbers.
The data from Astec has suggested short sellers were skeptical of the gains made by Paladin and were quick to enter positions against them, with borrowing volumes having climbed 27 percent following its results.
Finally, Japanese online gaming firm GungHo Online Entertainment (3765) has also entered Astec’s list.
Despite its shares having made little recovery over the past two weeks, Astec’s data has shown borrowing of GungHo has now climbed back and even surpassed its previous level—up 19 percent overall.
The UK-based oil and gas exploration firm Salamander Energy (SMDR.L) has debuted as Astec’s top pick for Europe, the Middle East and Africa (EMEA) after news that a Spanish consortium led by oil company Cepsa, has proposed a 145 pence-per-share offer for the company.
The news naturally about strong gains in the stock, which closed more than 20 percent higher, though data from Astec suggests the news has yet to shake the conviction of short sellers, with borrowing volumes having climbed 7 percent.
Swiss tech company Logitech International SA (LOGN.S) has also been singled out for the EMEA region after it proposed a 25 percent increase in its full-year dividend.
The news helped boost the company's stock, which has already been holding onto gains made in October following its earnings numbers, while Astec's data hints at a similarly optimistic view from the short side.
Mexican infrastructure company Empresas ICA SAB de CV (ICA.MX) is Astec’s top North American pick, after it announced that it was awarded a 1 billion peso contract for the engineering procurement and construction of a new deep water technology centre for the Mexican Petroleum Institution.
The company's stock continued the sell-off it has been undergoing since the start of the month while, on the borrowing front, Astec's data has hinted at a similar belief form short sellers—with borrowing climbing 16 percent since mid-October.
GoPro (GPRO) has seen demand to borrow its shares surge recently, driving the cost of borrowing as high as 112 percent per annum, after it said it would be offering $800 million in shares to take advantage of the gains made in its price following its initial public offering.
With this increased demand, the last three weeks have seen borrowing volumes climbing higher, now up 75 percent since mid-October.
Astec’s top pick in the Asia Pacific region is Paladin Energy (PDN.AX), which has seen fresh attention in the wake of its latest earnings numbers.
The data from Astec has suggested short sellers were skeptical of the gains made by Paladin and were quick to enter positions against them, with borrowing volumes having climbed 27 percent following its results.
Finally, Japanese online gaming firm GungHo Online Entertainment (3765) has also entered Astec’s list.
Despite its shares having made little recovery over the past two weeks, Astec’s data has shown borrowing of GungHo has now climbed back and even surpassed its previous level—up 19 percent overall.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
