SunGard's hottest stocks
14 January 2015 Global
Image: Shutterstock
SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 5 January 2015.
UK supermarket giant Tesco (TSCO.L) is Astec’s top pick for the Europe, Middle East and Africa (EMEA) region after a week of mixed news; its latest earnings figures coming with news it will be closing 43 unprofitable stores and confirming it will not be paying its upcoming dividend.
The announcement helped boost its share, which climbed about 10 percent. Data from Astec has shown that, while borrowing held fairly steady after the results, short sellers are “seemingly holding onto positions built in the wake of the results scandal”, with borrowing volumes currently more than double the levels they were at the start of December.
Also in the EMEA region, CNH Industrial (CNHI) has continued soft sales numbers for tractors and farming equipment.
Despite a recent bounce-back, Astec has suggested this also brought about some mild covering of short positions; with borrowing volumes falling 7 percent in the past week.
Astec’s top pick for the Americas is Brazilian oil manufacturer Petrobras PETR3.BOV) as it is currently suffering from falling oil prices, hit further in the week after news the country's oil production, of which Petrobras accounts for more than 90 percent, fell 1.5 percent month-on-month in November.
Astec commented: “Internal politics and negative outlooks for the sector from Fitch have damaged sentiment further, though the company's stock still managed to lead gains during the week.”
Astec's data has hinted at a renewed interest from short sellers, with borrowing volumes more than doubling in 9 January’s session.
AmTrust Financial Services (AFSI) has also experienced a busy week of news flow; completing the sale of 3 million shares of common stock for $150 million, as well as announcing the acquisitions of Oryx Insurance Brokerage and TMI Solutions.
While its stock lost ground, data from Astec has shown decreasing interest from short sellers, with the cost of borrowing down from over 20 percent at the start of 2015, to about 13 percent.
Astec’s top Asia Pacific choice is Hyundai Motor Company (005380.KS).
On the borrowing front, Astec has suggested that short sellers having been growing sceptical of the stock gains over the past three weeks, with the number of shares borrowed climbing 38 percent in that time.
Japanese social networking site Mixi (2121) has also seen continued focus following news it will effectively be merging with online marketing firm istyle, thought its stock price has seen what Astec termed “fairly volatile” trade since the news.
Astec's data has shown that short sellers have been holding onto their positions, while demand to borrow has seemingly edged even higher. The cost of borrowing climbed from about 12 percent to 16 percent in the week; currently the highest such rate on Astec’s system for Japan.
UK supermarket giant Tesco (TSCO.L) is Astec’s top pick for the Europe, Middle East and Africa (EMEA) region after a week of mixed news; its latest earnings figures coming with news it will be closing 43 unprofitable stores and confirming it will not be paying its upcoming dividend.
The announcement helped boost its share, which climbed about 10 percent. Data from Astec has shown that, while borrowing held fairly steady after the results, short sellers are “seemingly holding onto positions built in the wake of the results scandal”, with borrowing volumes currently more than double the levels they were at the start of December.
Also in the EMEA region, CNH Industrial (CNHI) has continued soft sales numbers for tractors and farming equipment.
Despite a recent bounce-back, Astec has suggested this also brought about some mild covering of short positions; with borrowing volumes falling 7 percent in the past week.
Astec’s top pick for the Americas is Brazilian oil manufacturer Petrobras PETR3.BOV) as it is currently suffering from falling oil prices, hit further in the week after news the country's oil production, of which Petrobras accounts for more than 90 percent, fell 1.5 percent month-on-month in November.
Astec commented: “Internal politics and negative outlooks for the sector from Fitch have damaged sentiment further, though the company's stock still managed to lead gains during the week.”
Astec's data has hinted at a renewed interest from short sellers, with borrowing volumes more than doubling in 9 January’s session.
AmTrust Financial Services (AFSI) has also experienced a busy week of news flow; completing the sale of 3 million shares of common stock for $150 million, as well as announcing the acquisitions of Oryx Insurance Brokerage and TMI Solutions.
While its stock lost ground, data from Astec has shown decreasing interest from short sellers, with the cost of borrowing down from over 20 percent at the start of 2015, to about 13 percent.
Astec’s top Asia Pacific choice is Hyundai Motor Company (005380.KS).
On the borrowing front, Astec has suggested that short sellers having been growing sceptical of the stock gains over the past three weeks, with the number of shares borrowed climbing 38 percent in that time.
Japanese social networking site Mixi (2121) has also seen continued focus following news it will effectively be merging with online marketing firm istyle, thought its stock price has seen what Astec termed “fairly volatile” trade since the news.
Astec's data has shown that short sellers have been holding onto their positions, while demand to borrow has seemingly edged even higher. The cost of borrowing climbed from about 12 percent to 16 percent in the week; currently the highest such rate on Astec’s system for Japan.
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
