FIS hot stocks: 30 November
03 December 2015 London
Image: Shutterstock
The newly rebranded FIS Astec Analytics, previously issued under the SunGard banner, has released its ‘hot stocks’ list of the most demanded stocks for the week starting 30 November.
BHP Billiton came in top for Europe the Middle East and Africa. Market attention stemmed from news the Brazilian government is considering pursuing the Anglo-Australian mining giant for damages following the death of 13 people caused by a burst dam in the Minas Gerais region earlier in November.
The incident allowed short sellers that were quick off the mark to bank some profits but the quick crash of the company’s stock price meant they had to cover their positions soon after.
Astec Analytics data noted a 54 percent fall in borrowing demand over the course of the week.
CNH Industrial continues its contention for longest featured company in the hot stocks list.
This week’s shorting interest was driven by news that the manufacturer had been shortlisted for a contract to build a new amphibious armored vehicle for the US marines, which caused a spike in the stock price.
The company made ground in the cash market and the data showed a 4 percent drop in borrowing demand.
In the Americas, Macy’s, host of the famous Thanksgiving Day Parade, enjoyed investor confidence ahead of the big day. Canny short sellers saw the holiday boost as a chance to build their positions, causing borrowing to grow 11 percent in the first half of the week.
Computer company IBM endured increased market attention as short sellers took notice when Warren Buffett continued to build Berkshire Hathaway’s position in the company
Borrowing volumes saw a mild uptick of 7 percent in reaction to the news.
Australian law firm Slater & Gordon (S&G) took first place for Asia Pacific’s most borrowed stocks.
S&G has UK chancellor George Osborne to thank for the scrutiny after he announced new measures to root out questionable law practices by some firms in damages claims from car accidents.
The firm denied claims the news would affect its annual numbers but S&G still saw strong selling and Astec Analytics data noted short sellers were building positions, with borrowing up 12 percent.
IBIDEN Company took second place for the region. The Japanese manufacturing firm is still suffering the backlash from its connection to the Volkswagen emissions saga, as it produces diesel particulate filters.
Borrowing volumes has soared 81 percent since the scandal first broke and a recent aftershock forced borrowing costs up from 50 basis points to more than 5 percent in a single week.
BHP Billiton came in top for Europe the Middle East and Africa. Market attention stemmed from news the Brazilian government is considering pursuing the Anglo-Australian mining giant for damages following the death of 13 people caused by a burst dam in the Minas Gerais region earlier in November.
The incident allowed short sellers that were quick off the mark to bank some profits but the quick crash of the company’s stock price meant they had to cover their positions soon after.
Astec Analytics data noted a 54 percent fall in borrowing demand over the course of the week.
CNH Industrial continues its contention for longest featured company in the hot stocks list.
This week’s shorting interest was driven by news that the manufacturer had been shortlisted for a contract to build a new amphibious armored vehicle for the US marines, which caused a spike in the stock price.
The company made ground in the cash market and the data showed a 4 percent drop in borrowing demand.
In the Americas, Macy’s, host of the famous Thanksgiving Day Parade, enjoyed investor confidence ahead of the big day. Canny short sellers saw the holiday boost as a chance to build their positions, causing borrowing to grow 11 percent in the first half of the week.
Computer company IBM endured increased market attention as short sellers took notice when Warren Buffett continued to build Berkshire Hathaway’s position in the company
Borrowing volumes saw a mild uptick of 7 percent in reaction to the news.
Australian law firm Slater & Gordon (S&G) took first place for Asia Pacific’s most borrowed stocks.
S&G has UK chancellor George Osborne to thank for the scrutiny after he announced new measures to root out questionable law practices by some firms in damages claims from car accidents.
The firm denied claims the news would affect its annual numbers but S&G still saw strong selling and Astec Analytics data noted short sellers were building positions, with borrowing up 12 percent.
IBIDEN Company took second place for the region. The Japanese manufacturing firm is still suffering the backlash from its connection to the Volkswagen emissions saga, as it produces diesel particulate filters.
Borrowing volumes has soared 81 percent since the scandal first broke and a recent aftershock forced borrowing costs up from 50 basis points to more than 5 percent in a single week.
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