SunGard’s hottest stocks
14 April 2015 Global
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SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 6 April 2015...
Anglo-Swiss miner and commodity trader Glencore (GLEN.L) is Astec’s top pick for Europe, the Middle East and Asia (EMEA) after it said it would stop funnelling sales from its Australian coal operations through its Singapore office, amid growing concerns in Australia surrounding corporate tax avoidance by large mining multinationals.
While its share price underwent some “choppy” trading during the week, data from Astec suggests short selling has been on the rise for more than a month, with the number of Glencore shares being borrowed now 58 percent higher than the same time last month.
Also in the EMEA, Transocean’s (RIG) share price managed to hold on to much of the gains made earlier in the month, while on the borrowing front Astec’s data shows the first minor reduction in volumes for more than a month, at a 3 percent fall in the week, still leaving levels 13 percent higher than 1 March.
Tech giant Apple (AAPL) is Astec’s top pick for the Americas as its new smartwatch became available for pre-order before the 24 April launch date, with consumers expecting to wait a month for delivery amid strong demand from enthusiasts, with estimates that as many as 1 million units had been pre-ordered on the day.
Astec commented: “Apple's share price generally gained ground during the week, though our data hints that this may have spurred some interest from the short side—borrowing volumes climbing about 20 percent during the week.”
Elsewhere in the Americas, 3D Systems Corporation (DDD) has also continued to draw focus.
In the cash market, its share price made gains during the week, for a total increase of almost 9 percent in April so far, while on the borrowing front there are some early signs that demand to short sell may be tapering.
The cost of borrowing eased back from about 29 percent to 25 percent during the week, while the number of shares being borrowed held steady.
In the Asia Pacific region, commodity trader Noble Group (N21.SI) has seen bad press damage its share price in the cash market, though its strong refute helped the stock recover most of these losses by the end of the week.
That said, data from Astec hinted at growing short selling activity for the past four weeks, in which time the number of shares being borrowed has climbed 44 percent.
Finally, Hanergy Thin Film Power Group (0566.HK) has continued to see attention after it said it would be producing solar panels that will be used on various catering and recreational vehicles, through cooperation with mobile kitchen maker Shandong Taian Changan.
Astec said: “While its shares saw some mixed trading in the cash market last week, the securities lending figures suggest short sellers may have been turning more bullish on its prospects, with borrowing volumes falling by some 50 million shares in just a few sessions, now down about 9 percent since this time in March.”
Anglo-Swiss miner and commodity trader Glencore (GLEN.L) is Astec’s top pick for Europe, the Middle East and Asia (EMEA) after it said it would stop funnelling sales from its Australian coal operations through its Singapore office, amid growing concerns in Australia surrounding corporate tax avoidance by large mining multinationals.
While its share price underwent some “choppy” trading during the week, data from Astec suggests short selling has been on the rise for more than a month, with the number of Glencore shares being borrowed now 58 percent higher than the same time last month.
Also in the EMEA, Transocean’s (RIG) share price managed to hold on to much of the gains made earlier in the month, while on the borrowing front Astec’s data shows the first minor reduction in volumes for more than a month, at a 3 percent fall in the week, still leaving levels 13 percent higher than 1 March.
Tech giant Apple (AAPL) is Astec’s top pick for the Americas as its new smartwatch became available for pre-order before the 24 April launch date, with consumers expecting to wait a month for delivery amid strong demand from enthusiasts, with estimates that as many as 1 million units had been pre-ordered on the day.
Astec commented: “Apple's share price generally gained ground during the week, though our data hints that this may have spurred some interest from the short side—borrowing volumes climbing about 20 percent during the week.”
Elsewhere in the Americas, 3D Systems Corporation (DDD) has also continued to draw focus.
In the cash market, its share price made gains during the week, for a total increase of almost 9 percent in April so far, while on the borrowing front there are some early signs that demand to short sell may be tapering.
The cost of borrowing eased back from about 29 percent to 25 percent during the week, while the number of shares being borrowed held steady.
In the Asia Pacific region, commodity trader Noble Group (N21.SI) has seen bad press damage its share price in the cash market, though its strong refute helped the stock recover most of these losses by the end of the week.
That said, data from Astec hinted at growing short selling activity for the past four weeks, in which time the number of shares being borrowed has climbed 44 percent.
Finally, Hanergy Thin Film Power Group (0566.HK) has continued to see attention after it said it would be producing solar panels that will be used on various catering and recreational vehicles, through cooperation with mobile kitchen maker Shandong Taian Changan.
Astec said: “While its shares saw some mixed trading in the cash market last week, the securities lending figures suggest short sellers may have been turning more bullish on its prospects, with borrowing volumes falling by some 50 million shares in just a few sessions, now down about 9 percent since this time in March.”
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