SunGard’s hottest stocks
18 March 2015 Global
Image: Shutterstock
SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 9 March 2015.
French cement maker Lafarge Coppee (LG.PA) is Astec’s top pick for Europe, the Middle East and Africa after news Switzerland-based Holcim rejected its €42 million merger proposal, which would have resulted in the world's largest cement company.
Though seeing some strong sessions, the share's price has been losing ground overall in March, while on the sec lending front data from SunGard's Astec Analytics has suggested short sellers have been taking the opportunity to cover their positions—borrowing down 75 percent this month, albeit with comparatively low net volumes.
Also picked out in the region is Swiss offshore drilling services firm Transocean (RIG) following the International Energy Agency’s view that the global glut in oil is building, particularly citing the lack of US storage as bringing about further potential supply.
With this, Transocean's shares continued to lose ground during the week, while on the borrowing front, Astec's data has shown volumes continuing to edge higher—now up 16 percent compared to this time last month.
In the Americas, Apple (AAPL) is top of the pile after the latest details of its smartwatch were realised, with a launch date set for 24 April 2015.
Mixed expectations for the watch have resulted in the company's stock losing ground—a trend that started towards the end of February.
Astec's data has suggested that short sellers have been slowly increasing positions even as the price fell, with borrowing volumes having now climbed 24 percent in March alone.
Lumber Liquidators Holdings (LL) has held its place in Astec’s list following a report suggesting its flooring fails certain emission standards, last week saw Goldman Sachs cut their rating on the company and Nomura suspend its coverage entirely.
While its shares have seen some volatility in the cash market, Astec's numbers have suggested short selling activity has picked up again following a spurt of covering after the price drop. Last week saw borrowing volumes climb 21 percent.
In Asia, Chinese sportswear brand Li Ning Company (2331.HK) has been singled out after it said it has signed a strategic partnership with makers of the Mi smart wristband, Huami Technology, in an attempt to move into the burgeoning wearable technology market.
Astec explained: “While its share price has been making decent gains this month, now reaching a point where it started 2015, Astec's data also hints at some short covering since the start of February—since which point borrowing volumes have fallen 23 percent.”
Finally, Japanese tech giant Sharp (6753) has made its way once again into Astec’s list after it confirmed it is not considering merging its troubled display business with rival company Japan Display.
On the borrowing front, Astec has stated that short sellers have been building positions in the company since the start of 2015, in which time the number of Sharp shares being borrowed has climbed 15 percent.
French cement maker Lafarge Coppee (LG.PA) is Astec’s top pick for Europe, the Middle East and Africa after news Switzerland-based Holcim rejected its €42 million merger proposal, which would have resulted in the world's largest cement company.
Though seeing some strong sessions, the share's price has been losing ground overall in March, while on the sec lending front data from SunGard's Astec Analytics has suggested short sellers have been taking the opportunity to cover their positions—borrowing down 75 percent this month, albeit with comparatively low net volumes.
Also picked out in the region is Swiss offshore drilling services firm Transocean (RIG) following the International Energy Agency’s view that the global glut in oil is building, particularly citing the lack of US storage as bringing about further potential supply.
With this, Transocean's shares continued to lose ground during the week, while on the borrowing front, Astec's data has shown volumes continuing to edge higher—now up 16 percent compared to this time last month.
In the Americas, Apple (AAPL) is top of the pile after the latest details of its smartwatch were realised, with a launch date set for 24 April 2015.
Mixed expectations for the watch have resulted in the company's stock losing ground—a trend that started towards the end of February.
Astec's data has suggested that short sellers have been slowly increasing positions even as the price fell, with borrowing volumes having now climbed 24 percent in March alone.
Lumber Liquidators Holdings (LL) has held its place in Astec’s list following a report suggesting its flooring fails certain emission standards, last week saw Goldman Sachs cut their rating on the company and Nomura suspend its coverage entirely.
While its shares have seen some volatility in the cash market, Astec's numbers have suggested short selling activity has picked up again following a spurt of covering after the price drop. Last week saw borrowing volumes climb 21 percent.
In Asia, Chinese sportswear brand Li Ning Company (2331.HK) has been singled out after it said it has signed a strategic partnership with makers of the Mi smart wristband, Huami Technology, in an attempt to move into the burgeoning wearable technology market.
Astec explained: “While its share price has been making decent gains this month, now reaching a point where it started 2015, Astec's data also hints at some short covering since the start of February—since which point borrowing volumes have fallen 23 percent.”
Finally, Japanese tech giant Sharp (6753) has made its way once again into Astec’s list after it confirmed it is not considering merging its troubled display business with rival company Japan Display.
On the borrowing front, Astec has stated that short sellers have been building positions in the company since the start of 2015, in which time the number of Sharp shares being borrowed has climbed 15 percent.
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