SunGard's hottest stocks
19 February 2015 Global
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SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 16 February 2015.
Norwegian oil and gas company Statoil ASA (STL.OL) is SunGard’s top pick in Europe, the Middle East and Africa after confirmation it has given the go-ahead for its North Sea Johan Sverdrup field.
Astec commented: “Statoil's share price made fairly steady gains during the week as it approached its ex-div date on 16 February, with dividend related trading also dominating the sec lending market.”
Though most of the latest gains in borrowing volumes were dividend driven (tripling since the start of February) data from Astec suggests short sellers have been increasing their bets against the company even before this, with the number of Statoil shares being borrowed having already climbed 50 percent in January alone.
Transocean (RIG) has also seen renewed headlines after its CEO Steven Newman said he would be stepping down, a move which by the majority of analysts is being seen in a negative light.
In the past two weeks utilisation levels have held above the 90 percent mark, even as borrowing in the shares declined 14 percent, and in turn drove the cost of borrowing RIG from about 10 percent over annum, to now over 30 percent.
Mexican telecoms giant América Móvil (AMXL.MX) is Astec’s top pick for the Americas after it posted its latest earnings numbers, which showed profits falling 78 percent due to foreign exchange losses and tighter regulation in the country.
With this its stock saw an immediate sell off in the cash market, though bargain hunting soon retraced much of these losses the following day. Meanwhile data form Astec suggests short sellers were building positions before the results, and have continued since—borrowing volumes climbing 46 percent since 10 February.
GoPro (GPRO) has also been highlighted as the latest expiry of its shares lock up approached on 16 February, allowing an additional 76 million shares to hit the market.
Though its shares saw some caution, they lost little ground in the run up to the expiry, something Astec claim was “well founded” as its share price jumped during the day with little selling pressure coming through.
On the borrowing front, Astec’s our data shows actual volumes held steady during the week, the numbers also hint at falling demand to short sell the stock as the cost of borrowing declined from almost 75 percent to under 57 percent.
Fortescue Metal Group (FMG.AX) is coming as Astec’s top pick for the Asia Pacific region as it continued to act as somewhat of a flag bearer for Australian miners following the central bank's surprise rate cut, coming to the fore ahead of its latest earnings.
These numbers we now know showed profits falling 81 percent, though the company did issue a 3 cent interim dividend. Since the start of February, the number of FMG shares being borrowed has now climbed 14 percent, or around 30 million shares.
Finally, Mixi (2121) has seen fresh attention last week after it posted its latest earnings numbers, which despite showing fairly solid results, did little to stop its shares falling in the cash market.
Norwegian oil and gas company Statoil ASA (STL.OL) is SunGard’s top pick in Europe, the Middle East and Africa after confirmation it has given the go-ahead for its North Sea Johan Sverdrup field.
Astec commented: “Statoil's share price made fairly steady gains during the week as it approached its ex-div date on 16 February, with dividend related trading also dominating the sec lending market.”
Though most of the latest gains in borrowing volumes were dividend driven (tripling since the start of February) data from Astec suggests short sellers have been increasing their bets against the company even before this, with the number of Statoil shares being borrowed having already climbed 50 percent in January alone.
Transocean (RIG) has also seen renewed headlines after its CEO Steven Newman said he would be stepping down, a move which by the majority of analysts is being seen in a negative light.
In the past two weeks utilisation levels have held above the 90 percent mark, even as borrowing in the shares declined 14 percent, and in turn drove the cost of borrowing RIG from about 10 percent over annum, to now over 30 percent.
Mexican telecoms giant América Móvil (AMXL.MX) is Astec’s top pick for the Americas after it posted its latest earnings numbers, which showed profits falling 78 percent due to foreign exchange losses and tighter regulation in the country.
With this its stock saw an immediate sell off in the cash market, though bargain hunting soon retraced much of these losses the following day. Meanwhile data form Astec suggests short sellers were building positions before the results, and have continued since—borrowing volumes climbing 46 percent since 10 February.
GoPro (GPRO) has also been highlighted as the latest expiry of its shares lock up approached on 16 February, allowing an additional 76 million shares to hit the market.
Though its shares saw some caution, they lost little ground in the run up to the expiry, something Astec claim was “well founded” as its share price jumped during the day with little selling pressure coming through.
On the borrowing front, Astec’s our data shows actual volumes held steady during the week, the numbers also hint at falling demand to short sell the stock as the cost of borrowing declined from almost 75 percent to under 57 percent.
Fortescue Metal Group (FMG.AX) is coming as Astec’s top pick for the Asia Pacific region as it continued to act as somewhat of a flag bearer for Australian miners following the central bank's surprise rate cut, coming to the fore ahead of its latest earnings.
These numbers we now know showed profits falling 81 percent, though the company did issue a 3 cent interim dividend. Since the start of February, the number of FMG shares being borrowed has now climbed 14 percent, or around 30 million shares.
Finally, Mixi (2121) has seen fresh attention last week after it posted its latest earnings numbers, which despite showing fairly solid results, did little to stop its shares falling in the cash market.
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