SunGard's hottest stocks
22 October 2014 Global
Image: Shutterstock
The hottest stocks from around the globe for the week beginning 20 October 2014 have been compiled by SunGard’s Astec Analytics, including three first-time appearances.
Rolls Royce Holdings (RR..L) has made its debut in Astec’s hot stocks, topping the list for the Europe, Middle East and Africa region after it issued a profit warning suggesting a rapid deterioration in economic conditions.
The news caused its shares to lose around 12 percent overall for the week, while data from Astec suggests short selling has been on the climb throughout October—with the number of Rolls Royce shares being borrowed climbing 28 percent.
Holding its place in Astec’s list, CNH Industrial NV (CNHI) has seen renewed focus after its shares were downgraded from 'hold' to 'reduce' at Kepler Cheuvreux, although the stock still managed to close 5 percent higher.
Another hot stocks debutant, media giant Time Warner (TWX), has seen interest in North America after HBO (owned by Time Warner) announced plans to sell its services via the internet, separate of cable and television, in one of the first such moves by a traditional TV company to compete in the growing streaming media market.
Investors saw the news as very positive for the company, with its shares closing the week at around 10 percent, while on the borrowing front Astec's data suggests short selling did increase because of the gains—borrowing was up 27 percent in the week—although this was from a comparatively low base.
Action camera maker GoPro (GPRO) is also attracting interest after Pacific Crest started its coverage of the stock at 'sector perform', the company also seeing some mildly bad publicity after it emerged that racing driver Michael Schumacher’s skiing accident was caused by a GoPro camera mounted on his head.
Though its shares made a little ground during the week, Astec's data suggests short sellers begun to close out their positions, with borrowing volumes falling 19 percent.
Japanese cloud-technology developer Net One Systems Company (7518) is Astec’s top pick for the Asia Pacific and the third to see its first entry in the hot stocks list.
Net One's shares lost 13 percent following the announcement of a partnership with CliQr Technologies, although it managed a small bounce back. Astec's figures suggest short selling has been growing despite the price drop; borrowing having climbed 18 percent since the news.
Finally, hot stocks regular Anhui Conch Cement Company (0914.HK) has reported record levels of production and sales at its major subsidiaries in September, helping spur its share price to see five consecutive sessions in the green.
Likewise on the securities lending front, Astec’s data hints that short sellers may also be taking a more optimistic view of the stock's outlook than has been the case, with the number of Anhui shares being borrowed falling 15 percent—about 56 million shares.
Rolls Royce Holdings (RR..L) has made its debut in Astec’s hot stocks, topping the list for the Europe, Middle East and Africa region after it issued a profit warning suggesting a rapid deterioration in economic conditions.
The news caused its shares to lose around 12 percent overall for the week, while data from Astec suggests short selling has been on the climb throughout October—with the number of Rolls Royce shares being borrowed climbing 28 percent.
Holding its place in Astec’s list, CNH Industrial NV (CNHI) has seen renewed focus after its shares were downgraded from 'hold' to 'reduce' at Kepler Cheuvreux, although the stock still managed to close 5 percent higher.
Another hot stocks debutant, media giant Time Warner (TWX), has seen interest in North America after HBO (owned by Time Warner) announced plans to sell its services via the internet, separate of cable and television, in one of the first such moves by a traditional TV company to compete in the growing streaming media market.
Investors saw the news as very positive for the company, with its shares closing the week at around 10 percent, while on the borrowing front Astec's data suggests short selling did increase because of the gains—borrowing was up 27 percent in the week—although this was from a comparatively low base.
Action camera maker GoPro (GPRO) is also attracting interest after Pacific Crest started its coverage of the stock at 'sector perform', the company also seeing some mildly bad publicity after it emerged that racing driver Michael Schumacher’s skiing accident was caused by a GoPro camera mounted on his head.
Though its shares made a little ground during the week, Astec's data suggests short sellers begun to close out their positions, with borrowing volumes falling 19 percent.
Japanese cloud-technology developer Net One Systems Company (7518) is Astec’s top pick for the Asia Pacific and the third to see its first entry in the hot stocks list.
Net One's shares lost 13 percent following the announcement of a partnership with CliQr Technologies, although it managed a small bounce back. Astec's figures suggest short selling has been growing despite the price drop; borrowing having climbed 18 percent since the news.
Finally, hot stocks regular Anhui Conch Cement Company (0914.HK) has reported record levels of production and sales at its major subsidiaries in September, helping spur its share price to see five consecutive sessions in the green.
Likewise on the securities lending front, Astec’s data hints that short sellers may also be taking a more optimistic view of the stock's outlook than has been the case, with the number of Anhui shares being borrowed falling 15 percent—about 56 million shares.
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