SunGard's hottest stocks
16 December 2014 Global
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SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 15 December 2014.
Supermarket giant Tesco (TSCO.L) is Astec’s top pick for the Europe, Middle East and Africa (EMEA) region after it lowered its full-year forecast because of changes it had made in the wake of the recent accounting scandal, saying group profit for the year ending February 2015 will be no greater than £1.4 billion.
On the securities lending front, data from Astec has suggested short sellers reacted somewhat more strongly to the news, with the number of Tesco shares being borrowed climbing 87 percent during the week.
Swiss peripherals maker Logitech International SA (LOGN.S) has also made Astec’s list for the EMEA region as speculation has emerged that it could beat earnings estimates when it next reports, thanks to a positive research note from Zacks Earning.
Despite this, the company's shares suffered during the week, while on the borrowing front Astec’s data has suggested that short interest will edge higher, with borrowing volumes now up 23 percent compared to the start of December.
Canadian energy firm Talisman Energy (TLM) is Astec’s top pick for the Americas after news Spanish oil group Repsol is aiming to acquire the company in a deal that would value its equity at up to $8 billion.
The valuation helped support the company's shares, though profit taking soon pared this bounce, while on the borrowing front Astec's data suggests short selling interest has been increasing steadily this month—the number of shares borrowed are up 51 percent since 1 December.
GoPro (GPRO) came to the fore once again this week amid speculation its shares will see a selloff when the lockup expires on 23 December, even after JP Morgan upgraded its outlook on the stock to “overweight”.
As its shares suffered during the week, data from Astec suggests short sellers continued to build their positions, with borrowing climbing an additional 26 percent last week alone.
Japanese tech giant Sony (6758) is Astec’s top pick for the Asia Pacific region as the news of a potential North Korean hacking has emerged and a number of its key titles have seen early release.
Astec’s data has suggested that short sellers have in fact been closing positions and seemingly growing more optimistic of its prospects, with the number of Sony shares being borrowed now down 15 percent since the start of December.
Finally, Japanese tech firm Colopl (3668) has seen a focus surge after it reported its latest Q4 operating results, which came in generally better than expected.
Colopl's shares jumped 10 percent on the news, which in turn has triggered fresh short covering on the lending front, with borrowing volumes down 13 percent in the session following the jump.
Supermarket giant Tesco (TSCO.L) is Astec’s top pick for the Europe, Middle East and Africa (EMEA) region after it lowered its full-year forecast because of changes it had made in the wake of the recent accounting scandal, saying group profit for the year ending February 2015 will be no greater than £1.4 billion.
On the securities lending front, data from Astec has suggested short sellers reacted somewhat more strongly to the news, with the number of Tesco shares being borrowed climbing 87 percent during the week.
Swiss peripherals maker Logitech International SA (LOGN.S) has also made Astec’s list for the EMEA region as speculation has emerged that it could beat earnings estimates when it next reports, thanks to a positive research note from Zacks Earning.
Despite this, the company's shares suffered during the week, while on the borrowing front Astec’s data has suggested that short interest will edge higher, with borrowing volumes now up 23 percent compared to the start of December.
Canadian energy firm Talisman Energy (TLM) is Astec’s top pick for the Americas after news Spanish oil group Repsol is aiming to acquire the company in a deal that would value its equity at up to $8 billion.
The valuation helped support the company's shares, though profit taking soon pared this bounce, while on the borrowing front Astec's data suggests short selling interest has been increasing steadily this month—the number of shares borrowed are up 51 percent since 1 December.
GoPro (GPRO) came to the fore once again this week amid speculation its shares will see a selloff when the lockup expires on 23 December, even after JP Morgan upgraded its outlook on the stock to “overweight”.
As its shares suffered during the week, data from Astec suggests short sellers continued to build their positions, with borrowing climbing an additional 26 percent last week alone.
Japanese tech giant Sony (6758) is Astec’s top pick for the Asia Pacific region as the news of a potential North Korean hacking has emerged and a number of its key titles have seen early release.
Astec’s data has suggested that short sellers have in fact been closing positions and seemingly growing more optimistic of its prospects, with the number of Sony shares being borrowed now down 15 percent since the start of December.
Finally, Japanese tech firm Colopl (3668) has seen a focus surge after it reported its latest Q4 operating results, which came in generally better than expected.
Colopl's shares jumped 10 percent on the news, which in turn has triggered fresh short covering on the lending front, with borrowing volumes down 13 percent in the session following the jump.
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