SunGard’s hottest stocks
24 February 2015 Global
Image: Shutterstock
SunGard’s Astec Analytics has compiled the hottest stocks from around the globe, featuring Transocean, GoPro and Prada.
Astec’s top pick in Europe, the Middle East and Africa was Quindell (QPP.L) after an official filing showed the Morgan Stanley had taken a 5 percent stake in the company.
As its share price made decent ground, data from Astec has shown the number of QPP shares being borrowed has fallen 21 percent.
Transocean (RIG) continues to hold its place after its CEO surprised the market with news he is leaving the company, while at the same time the firm slashed its dividend by 80 percent—a move that was expected and has been seen as positive, likely to free up about $800 million.
On the securities lending front, increasing demand drove the cost of borrowing to one of its highest end of day levels—peaking at more than 37 percent per annum.
Canadian pharmaceutical company Valeant Pharmaceuticals International (VRX) is Astec’s top pick for the Americas after news it has agreed to buy gastrointestinal pharmacology specialist Salix in an all-cash, $158 per share deal.
While the cash market took the news with a positive light, helping Valeant shares gain ground during the week, Astec’s data shows similar positivity on the securities lending front—the number of VRX shares being borrowed down about 33 percent in February.
GoPro (GPRO) has held focus as the lock-up expiry, which saw little immediate reaction from company insiders, opened the way for a number of large shares sales from those who were now able, including 5 million shares from director and beneficial owner Michael Marks.
The selling pressure helped the stock price ease of during the week, while on the borrowing front Astec's data suggests the additional activity during the lock-up has somewhat retraced—with borrowing volumes easing 11 percent lower last week.
The Hong Kong listing of Italian designer Prada (1913.HK) is Astec’s top pick for the Asia Pacific after it announced that sales for the H2 of 2014 fell due to deteriorating market conditions in Asia, resulting in the overall sales number for the year coming in at €3.55 billion—just below forecasts.
Despite the company's share price sliding lower, Astec's data suggests short sellers have been growing more optimistic of the stock's direction, with the number of shares borrowed falling more than 8 percent last week.
Fortescue Metal Group (FMG.AX) has also been highlighted in the Asia Pacific region after it posted its latest earnings numbers, which showed profits falling 81 percent due to iron ore price weakness.
Despite this the stock slipped lower during the week, down about 10 percent, though this seemingly did little to dissuade short sellers, with borrowing volumes holding at their highest ever levels for the company at around 280 million shares.
Astec’s top pick in Europe, the Middle East and Africa was Quindell (QPP.L) after an official filing showed the Morgan Stanley had taken a 5 percent stake in the company.
As its share price made decent ground, data from Astec has shown the number of QPP shares being borrowed has fallen 21 percent.
Transocean (RIG) continues to hold its place after its CEO surprised the market with news he is leaving the company, while at the same time the firm slashed its dividend by 80 percent—a move that was expected and has been seen as positive, likely to free up about $800 million.
On the securities lending front, increasing demand drove the cost of borrowing to one of its highest end of day levels—peaking at more than 37 percent per annum.
Canadian pharmaceutical company Valeant Pharmaceuticals International (VRX) is Astec’s top pick for the Americas after news it has agreed to buy gastrointestinal pharmacology specialist Salix in an all-cash, $158 per share deal.
While the cash market took the news with a positive light, helping Valeant shares gain ground during the week, Astec’s data shows similar positivity on the securities lending front—the number of VRX shares being borrowed down about 33 percent in February.
GoPro (GPRO) has held focus as the lock-up expiry, which saw little immediate reaction from company insiders, opened the way for a number of large shares sales from those who were now able, including 5 million shares from director and beneficial owner Michael Marks.
The selling pressure helped the stock price ease of during the week, while on the borrowing front Astec's data suggests the additional activity during the lock-up has somewhat retraced—with borrowing volumes easing 11 percent lower last week.
The Hong Kong listing of Italian designer Prada (1913.HK) is Astec’s top pick for the Asia Pacific after it announced that sales for the H2 of 2014 fell due to deteriorating market conditions in Asia, resulting in the overall sales number for the year coming in at €3.55 billion—just below forecasts.
Despite the company's share price sliding lower, Astec's data suggests short sellers have been growing more optimistic of the stock's direction, with the number of shares borrowed falling more than 8 percent last week.
Fortescue Metal Group (FMG.AX) has also been highlighted in the Asia Pacific region after it posted its latest earnings numbers, which showed profits falling 81 percent due to iron ore price weakness.
Despite this the stock slipped lower during the week, down about 10 percent, though this seemingly did little to dissuade short sellers, with borrowing volumes holding at their highest ever levels for the company at around 280 million shares.
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