SunGard’s hottest stocks
11 September 2015 Pennsylvania
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Ambarella, Toshiba and Tesco are among the top stock picks from SunGard’s Astec Analytics this week.
Ambarella, a California-based technology company, came to the attention of short sellers after its Q3 earning predictions were revised down, sparking a sell-off in both its share price, and that of GoPro, for which Ambarella is a key supplier.
Solarcity in turn climbed significantly in the Astec Analytics tables this week.
The solar panel manufacturer’s shorting attention was driven by a high-profile investment by Elon Musk, valued at $5 million in August, while Oppenheimer also begin coverage of its shares with an ‘outperforming’ rating.
For the Asia Pacific region, Toshiba maintained its pole position for a second week thanks to a recent confirmation that, following years of accounting irregularities, it has overestimated its earnings by $1.9 billion over seven years or more, some four times greater than the initial estimate.
The second most demanded for lending in the region is China Coal Energy Company as a result of disappointing half-year earnings, although modest price recovery this week means short sellers are already covering their position and losing interest in the energy supplier.
Looking towards Europe, the Middle East and Africa, it was the British supermarket chain Tesco that caught the most attention after South Korea’s MBK Partners finalised a $6 billion deal for all the chain’s Korean business.
Astec Analytics data highlighted that borrowing volume for Tesco’s stocks boomed by 47 percent in the past two weeks.
Ambarella, a California-based technology company, came to the attention of short sellers after its Q3 earning predictions were revised down, sparking a sell-off in both its share price, and that of GoPro, for which Ambarella is a key supplier.
Solarcity in turn climbed significantly in the Astec Analytics tables this week.
The solar panel manufacturer’s shorting attention was driven by a high-profile investment by Elon Musk, valued at $5 million in August, while Oppenheimer also begin coverage of its shares with an ‘outperforming’ rating.
For the Asia Pacific region, Toshiba maintained its pole position for a second week thanks to a recent confirmation that, following years of accounting irregularities, it has overestimated its earnings by $1.9 billion over seven years or more, some four times greater than the initial estimate.
The second most demanded for lending in the region is China Coal Energy Company as a result of disappointing half-year earnings, although modest price recovery this week means short sellers are already covering their position and losing interest in the energy supplier.
Looking towards Europe, the Middle East and Africa, it was the British supermarket chain Tesco that caught the most attention after South Korea’s MBK Partners finalised a $6 billion deal for all the chain’s Korean business.
Astec Analytics data highlighted that borrowing volume for Tesco’s stocks boomed by 47 percent in the past two weeks.
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