SunGard's hottest stocks
26 November 2014 Global
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SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 22 November 2014.
European cable group Altice SA (ATC) is Astec’s top pick in the Europe, Middle East and Africa (EMEA) after it announced it wants to acquire France's third largest mobile phone operator Bouygues Telecom, insisting it is the "most interested buyer".
Data from Astec suggests short selling activity has been growing in the company since early October, when the stock price started to rise, and continued to build even after a 12 percent sell-off in November.
Hot stocks regular CNH Industrial NV (CNHI) has also seen activity after it signed a €1.75 billion, five-year revolving credit facility, replacing a €2 billion, three-year facility that was due to mature in February 2016.
While the company's stock made good ground on the news, ending the week almost 8 percent higher, the borrowing figures suggest it has done little to shake those on the short side—the number of shares borrowed holding at almost double the level it started at in October.
Auction house Sotheby's Holding (BID) is Astec’s top pick for the Americas after its CEO, Bill Ruprecht, said he will be leaving his position after 14 years, having suffered pressure and a public campaign against his managerial style over the past 12 months from activist investor Dan Loeb.
On the borrowing front, Astec’s data suggests short sellers have been steadily closing positions, with the number of Sotheby's shares being borrowed having fallen 31 percent over the past six weeks.
The longest running company to hold its place in Astec’s list, GoPro (GPRO), remains on the list after a follow-on offering of more than 10 million shares was priced at 5 percent discount to market, and so triggered selling pressure that caused its shares to end the week 13 percent lower.
On the borrowing front this has seemingly brought about mixed signals from the short side however, with the number of GoPro shares being borrowed falling almost 9 percent, though the cost of borrowing those shares climbed to over 120 percent—suggesting demand to short sell is remains.
Japanese airbag manufacturer Takata Corp (7312) is Astec’s top stock in the Asia Pacific region after Honda and Chrysler, two companies suffering some of the largest problems with the Takata airbags, blamed information provided by the company for delaying a comprehensive recall of affected vehicles for nearly 10 years.
Astec's data has shown that, while borrowing has grown by more than 56 percent in November (hinting that short sellers have been making bets against the stocks) the cost of borrowing fell from around 4.4 percent to just 2.7 percent.
The share price of Taiyo Nippon Sanso Corp (4091) has continued to gain ground in the wake of its earnings numbers from October—the Japanese gas technology company saw fresh interest after news it will be working with Honda and Toyota to create a network of filling stations for fuel-cell powered vehicles.
On the borrowing front meanwhile, Astec’s data showed short sellers covering their positions as the stock climbed, with borrowing volumes down 59 percent in the last two weeks.
European cable group Altice SA (ATC) is Astec’s top pick in the Europe, Middle East and Africa (EMEA) after it announced it wants to acquire France's third largest mobile phone operator Bouygues Telecom, insisting it is the "most interested buyer".
Data from Astec suggests short selling activity has been growing in the company since early October, when the stock price started to rise, and continued to build even after a 12 percent sell-off in November.
Hot stocks regular CNH Industrial NV (CNHI) has also seen activity after it signed a €1.75 billion, five-year revolving credit facility, replacing a €2 billion, three-year facility that was due to mature in February 2016.
While the company's stock made good ground on the news, ending the week almost 8 percent higher, the borrowing figures suggest it has done little to shake those on the short side—the number of shares borrowed holding at almost double the level it started at in October.
Auction house Sotheby's Holding (BID) is Astec’s top pick for the Americas after its CEO, Bill Ruprecht, said he will be leaving his position after 14 years, having suffered pressure and a public campaign against his managerial style over the past 12 months from activist investor Dan Loeb.
On the borrowing front, Astec’s data suggests short sellers have been steadily closing positions, with the number of Sotheby's shares being borrowed having fallen 31 percent over the past six weeks.
The longest running company to hold its place in Astec’s list, GoPro (GPRO), remains on the list after a follow-on offering of more than 10 million shares was priced at 5 percent discount to market, and so triggered selling pressure that caused its shares to end the week 13 percent lower.
On the borrowing front this has seemingly brought about mixed signals from the short side however, with the number of GoPro shares being borrowed falling almost 9 percent, though the cost of borrowing those shares climbed to over 120 percent—suggesting demand to short sell is remains.
Japanese airbag manufacturer Takata Corp (7312) is Astec’s top stock in the Asia Pacific region after Honda and Chrysler, two companies suffering some of the largest problems with the Takata airbags, blamed information provided by the company for delaying a comprehensive recall of affected vehicles for nearly 10 years.
Astec's data has shown that, while borrowing has grown by more than 56 percent in November (hinting that short sellers have been making bets against the stocks) the cost of borrowing fell from around 4.4 percent to just 2.7 percent.
The share price of Taiyo Nippon Sanso Corp (4091) has continued to gain ground in the wake of its earnings numbers from October—the Japanese gas technology company saw fresh interest after news it will be working with Honda and Toyota to create a network of filling stations for fuel-cell powered vehicles.
On the borrowing front meanwhile, Astec’s data showed short sellers covering their positions as the stock climbed, with borrowing volumes down 59 percent in the last two weeks.
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