SunGard's hottest stocks
01 July 2014 London
Image: Shutterstock
SunGard’s Astec Analytics have selected a wide variety of the globe’s hottest stocks, with entrants’ interests ranging from cement to internet gaming.
British tour operator Tui Travel PLC (TT.L) was Astec’s top Europe, Middle East and Africa (EMEA) pick for the week starting 30 June after news that they will no longer be blocking a merger with their German parent company.
This is anticipated to lead to a deal that will see the company pushed into the FTSE 100 with the newly merged entity seeing a market capitalisation of around €7 billion.
Italian bank Banca Monte dei Paschi di Siena SpA (BMPS.MI) moved up Astec’s EMEA list to second for the same week, after it hailed the success of its rights issue, which saw 99.85 percent of the new shares sold raising just under €5 billion.
Astec’s top pick for the Americas’ hottest stocks was AbbVie Inc. (ABBV), a US biopharmaceutical research company.
While its shares have gained over 6 percent since the latest batch of takeover talk, Astec's data shows borrowing has been edging lower the past two weeks, down 23 percent since 19 June, although this only retraces a little of the gains in borrowing made in the earlier half of the month.
In its third consecutive week on Astec’s list, 3D Systems Corp. (DDD) has seen fresh interest this week after it unveiled its new iSense 3D scanner, compatible with Apple iPads, and is due to see its first shipments in the latter part of July.
The news helped keep momentum in the stock on the up, while the securities lending numbers suggest that at the same time, short selling activity has been falling, albeit mildly. The number of DDD shares being borrowed down 5 percent since 19 June.
Chinese internet gaming company, Tencent Holdings (0700.HK) is Astec’s top pick for the Asia Pacific region for the week beginning 30 June, after it agreed to buy a $736 million stake in NASDAQ-listed online classified ads site 58.com, snapping up just under 20 percent of the company.
The Anhui Conch Cement Company (0914.HK) is also back in Astec’s list after the average price of cement in China fell 1.34 percent during the week, due to steep price declines in the north-eastern part of the country, where the government led capital tightening has taken the greatest toll on the construction industry.
With this the company's shares edged lower during the week, although borrowing also declined at the same time, albeit very slightly—down 2.5 percent during the week.
British tour operator Tui Travel PLC (TT.L) was Astec’s top Europe, Middle East and Africa (EMEA) pick for the week starting 30 June after news that they will no longer be blocking a merger with their German parent company.
This is anticipated to lead to a deal that will see the company pushed into the FTSE 100 with the newly merged entity seeing a market capitalisation of around €7 billion.
Italian bank Banca Monte dei Paschi di Siena SpA (BMPS.MI) moved up Astec’s EMEA list to second for the same week, after it hailed the success of its rights issue, which saw 99.85 percent of the new shares sold raising just under €5 billion.
Astec’s top pick for the Americas’ hottest stocks was AbbVie Inc. (ABBV), a US biopharmaceutical research company.
While its shares have gained over 6 percent since the latest batch of takeover talk, Astec's data shows borrowing has been edging lower the past two weeks, down 23 percent since 19 June, although this only retraces a little of the gains in borrowing made in the earlier half of the month.
In its third consecutive week on Astec’s list, 3D Systems Corp. (DDD) has seen fresh interest this week after it unveiled its new iSense 3D scanner, compatible with Apple iPads, and is due to see its first shipments in the latter part of July.
The news helped keep momentum in the stock on the up, while the securities lending numbers suggest that at the same time, short selling activity has been falling, albeit mildly. The number of DDD shares being borrowed down 5 percent since 19 June.
Chinese internet gaming company, Tencent Holdings (0700.HK) is Astec’s top pick for the Asia Pacific region for the week beginning 30 June, after it agreed to buy a $736 million stake in NASDAQ-listed online classified ads site 58.com, snapping up just under 20 percent of the company.
The Anhui Conch Cement Company (0914.HK) is also back in Astec’s list after the average price of cement in China fell 1.34 percent during the week, due to steep price declines in the north-eastern part of the country, where the government led capital tightening has taken the greatest toll on the construction industry.
With this the company's shares edged lower during the week, although borrowing also declined at the same time, albeit very slightly—down 2.5 percent during the week.
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