SunGard’s hottest stocks
25 November 2015 London
Image: Shutterstock
SunGard’s Astec Analytics has compiled its list of the most desirable stocks for securities lending for the week beginning 16 November.
Zalando SE is a new entry that has taken the top spot in the Astec Analytics hot stocks data for Europe, the Middle East and Africa.
The German online fashion retailer saw its share price dropped 13 percent after it published weak Q3 results and a revised its full-year results.
The company blamed rapid expansion and additional staffing costs for the poor results, which went some way to sooth investors concerns. However, Astec data noted some bearish activity from short sellers with the number of borrowed shares doubling in the past month.
Transocean once again came in second place after Seaport Global Securities downgraded from ‘neutral’ to ‘reduce’.
Astec Analytics data suggests that short sellers in fact took somewhat of a counter position after the news, reducing their positions as borrowing volumes fell about 10 percent in the week.
In the Americas it was Canada’s Valeant Pharmaceuticals International that unsurprisingly took first place after several investigations were launched into its drug pricing methods.
The news immediately took 9 percent off share prices, although most of that was recovered shortly afterwards. At the same time, short sellers have continued to build their positions with borrowing volumes up 60 percent in the past month.
Chesapeake Energy Corp, another hot stocks favourite, was downgraded by Standard & Poor’s in November, causing further concern from the market. However, once again short sellers showed caution and borrowing has in fact fallen by 10 percent since the start of October.
The Asia Pacific hot stocks list was dominated by Chinese and Japanese companies, with China Mobile, GungHo Online Entertainment and Great Wall Motor Company taking the top three spots respectively.
China Mobile came under the spotlight again with the news that it will be joining with the country’s two other top three telecoms operators to pool about $36 billion worth of assets to improve efficiency.
GungHo continued to gain market favour from its pending partnership with Nintendo, although short sellers have begun to take a more cynical view with borrowing up 23 percent in the past two weeks.
Finally, Great Wall Motor moved down one spot thanks to a positive analysis of its speculative sales figures. The motor company remains a victim of the long-term weakness of the motor industry, which has been a key market theme of 2015.
Short sellers can’t seem to let the Chinese manufacturer go as Astec Analytics recorded a 23 percent growth in borrowing volumes.
Zalando SE is a new entry that has taken the top spot in the Astec Analytics hot stocks data for Europe, the Middle East and Africa.
The German online fashion retailer saw its share price dropped 13 percent after it published weak Q3 results and a revised its full-year results.
The company blamed rapid expansion and additional staffing costs for the poor results, which went some way to sooth investors concerns. However, Astec data noted some bearish activity from short sellers with the number of borrowed shares doubling in the past month.
Transocean once again came in second place after Seaport Global Securities downgraded from ‘neutral’ to ‘reduce’.
Astec Analytics data suggests that short sellers in fact took somewhat of a counter position after the news, reducing their positions as borrowing volumes fell about 10 percent in the week.
In the Americas it was Canada’s Valeant Pharmaceuticals International that unsurprisingly took first place after several investigations were launched into its drug pricing methods.
The news immediately took 9 percent off share prices, although most of that was recovered shortly afterwards. At the same time, short sellers have continued to build their positions with borrowing volumes up 60 percent in the past month.
Chesapeake Energy Corp, another hot stocks favourite, was downgraded by Standard & Poor’s in November, causing further concern from the market. However, once again short sellers showed caution and borrowing has in fact fallen by 10 percent since the start of October.
The Asia Pacific hot stocks list was dominated by Chinese and Japanese companies, with China Mobile, GungHo Online Entertainment and Great Wall Motor Company taking the top three spots respectively.
China Mobile came under the spotlight again with the news that it will be joining with the country’s two other top three telecoms operators to pool about $36 billion worth of assets to improve efficiency.
GungHo continued to gain market favour from its pending partnership with Nintendo, although short sellers have begun to take a more cynical view with borrowing up 23 percent in the past two weeks.
Finally, Great Wall Motor moved down one spot thanks to a positive analysis of its speculative sales figures. The motor company remains a victim of the long-term weakness of the motor industry, which has been a key market theme of 2015.
Short sellers can’t seem to let the Chinese manufacturer go as Astec Analytics recorded a 23 percent growth in borrowing volumes.
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