FIS hot stocks: 14 December
23 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 14 December.
The top-spot for the week for Europe the Middle East and Africa goes to a newcomer LVMH Moët Hennessy Louis Vuitton.
The high-quality clothing designer stormed onto the FIS hot stocks list after news broke that it was closing three stores in China and is expecting to shut down several more in the region.
The decision was taken by the retailer in response to the slowdown of the Chinese economy, which inevitably hit high-end goods first.
Louis Vuitton saw its share price fall 10 percent during the week and Astec data showed that borrowing demand from short sellers has doubled since the start of November.
Just below Louis Vuitton on the hot stocks list was LivaNova, which maintained its number two position for another week.
The newly created pharmaceutical company is still finding its place in the market as short sellers continue to bet against the bullish opening month of trading.
Its stocks lost 12 percent of their value over the week and Astec data hinted at an ongoing bearish attitude by stock sellers who are building their positions.
Borrowed LivaNova shares grew by 30 percent during the week.
For the Americas, household name Amazon came in first place.
The online retailer caught the market’s attention after announcing it was launching a new UK platform.
The Launchpad platform is designed to help start-up firms market and distribute their products, as well as helping to manage the supply chain.
The platform was released in the US in July and will partner with venture capital groups and crowdfunding platforms with the aim of discovering fledgling tech companies.
While Amazon’s shares have generally been making good gains over the past month, data from Astec suggests short sellers have also been building positions in this time, with borrowing volumes climbing 28 percent in the past four weeks.
In second place is the much-beleaguered wearable technology firm GoPro. A patent suit brought against it by the makers of Polaroid cameras regarding its cube shaped device is adding to the tech firm’s problems and ensuring that it remains a shorting target.
GoPro’s shares also fell below its initial offering price for the first time.
However, too much negative news at once has actually caused short sellers to begin covering their positions in response to the fast falling share price.
Borrowing was down 21 percent since the start of November.
In the Asia Pacific region’s hot stocks list it was Singapore listed supply chain firm Noble Group that topped the charts after it reported a massive 60 percent drop in its Q3 profits on the back of falling commodity prices.
The firm is also facing claims of “aggressive accounting” practices.
After an initial nosedive in share price though, Astec data noted some mild short covering taking place with borrowing volumes dropping 4 percent in the week.
This represent a total decline in borrowing of roughly 7percent since this time last month.
In second place is hot stocks regular SIIC Environment Holdings, which saw fresh focus after news it was going to spend HKD 12.5 billion to buy the Mass Mutual Tower in Hong Kong from Chinese Estates.
The expense brought about a drop in the company’s share price during the week, while Astec’s figures also suggest short sellers were opening strong positions in the stock.
Borrowing volumes overall climbing 18 percent during the week to 14 million shares.
The top-spot for the week for Europe the Middle East and Africa goes to a newcomer LVMH Moët Hennessy Louis Vuitton.
The high-quality clothing designer stormed onto the FIS hot stocks list after news broke that it was closing three stores in China and is expecting to shut down several more in the region.
The decision was taken by the retailer in response to the slowdown of the Chinese economy, which inevitably hit high-end goods first.
Louis Vuitton saw its share price fall 10 percent during the week and Astec data showed that borrowing demand from short sellers has doubled since the start of November.
Just below Louis Vuitton on the hot stocks list was LivaNova, which maintained its number two position for another week.
The newly created pharmaceutical company is still finding its place in the market as short sellers continue to bet against the bullish opening month of trading.
Its stocks lost 12 percent of their value over the week and Astec data hinted at an ongoing bearish attitude by stock sellers who are building their positions.
Borrowed LivaNova shares grew by 30 percent during the week.
For the Americas, household name Amazon came in first place.
The online retailer caught the market’s attention after announcing it was launching a new UK platform.
The Launchpad platform is designed to help start-up firms market and distribute their products, as well as helping to manage the supply chain.
The platform was released in the US in July and will partner with venture capital groups and crowdfunding platforms with the aim of discovering fledgling tech companies.
While Amazon’s shares have generally been making good gains over the past month, data from Astec suggests short sellers have also been building positions in this time, with borrowing volumes climbing 28 percent in the past four weeks.
In second place is the much-beleaguered wearable technology firm GoPro. A patent suit brought against it by the makers of Polaroid cameras regarding its cube shaped device is adding to the tech firm’s problems and ensuring that it remains a shorting target.
GoPro’s shares also fell below its initial offering price for the first time.
However, too much negative news at once has actually caused short sellers to begin covering their positions in response to the fast falling share price.
Borrowing was down 21 percent since the start of November.
In the Asia Pacific region’s hot stocks list it was Singapore listed supply chain firm Noble Group that topped the charts after it reported a massive 60 percent drop in its Q3 profits on the back of falling commodity prices.
The firm is also facing claims of “aggressive accounting” practices.
After an initial nosedive in share price though, Astec data noted some mild short covering taking place with borrowing volumes dropping 4 percent in the week.
This represent a total decline in borrowing of roughly 7percent since this time last month.
In second place is hot stocks regular SIIC Environment Holdings, which saw fresh focus after news it was going to spend HKD 12.5 billion to buy the Mass Mutual Tower in Hong Kong from Chinese Estates.
The expense brought about a drop in the company’s share price during the week, while Astec’s figures also suggest short sellers were opening strong positions in the stock.
Borrowing volumes overall climbing 18 percent during the week to 14 million shares.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
