SunGard's hottest stocks
04 June 2015 Global
Image: Shutterstock
SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 25 May 2015.
In the Europe, Middle East and Africa (EMEA) region, British American Tobacco (BATS.L) has seen focus as a 10-year class action law suit in Canada nears its conclusion.
While the company's share price was suffering in the cash market, data from Astec has suggested short sellers have been taking the opportunity to cover positions—borrowing volumes falling 7 percent in the space of two weeks.
Hot stocks regular Transocean (RIG) has also been making waves in the EMEA after a shakeup of its executive board saw CFO Esa Ikaheimonen step down, to be replaced by new-hire Mark May.
The week saw the company's shares slump a little having peaked at a six month high earlier in May, while on the borrowing front the data has hinted at continued short covering in that time, with borrowing volumes down 15 percent.
Astec has picked Google (GOOG) as the hottest stock in the Americas after the German Monopoly Commission presented a report suggesting that the country's regulators should take a more liberal approach to a "sharing economy", in relation to its efforts to curb Google's dominance in the search engine market.
While its shares saw somewhat mixed trading in the cash market, data from Astec has suggested short sellers have been growing positions since the start of May, borrowing volumes having climbed 33 percent in that time.
Also in the Americas, MannKind Corporation (MNKD) has continued to see gains being made in the cash market following its earnings numbers, helped further by Â鶹´«Ã½ and Exchange Commission filings showing a number of company insiders have been buying shares in the company.
The lending data shows somewhat more mixed signals, with demand to borrow seemingly continuing to grow despite the actual number of shares being borrowed stalling. The weighted cost of borrowing reaching a high of almost 76 percent during the week, one of the highest for US stocks.
In the Asia Pacific region, Chinese conglomerate Fosun International (0656.HK) has seen fresh focus as talk emerged that, jointly with Anbang Insurance, it is set to offer the highest bid for Portugal's Novo Banco by the end of June.
The company's share price made gains during the week, while on the securities lending front Astec's data hints at short covering taking place since mid-May, in which time the number of Fosun shares being borrowed has fallen 13 percent.
Hot stocks regular Hanergy Thin Film Power Group (0566.HK) has also been selected by Astec, despite its shares being suspended from trading in the cash market.
On the borrowing front, this has had the knock-on impact of keeping action somewhat muted, though the increase in borrowing of more than 100 million shares seen the previous week is still holding.
In the Europe, Middle East and Africa (EMEA) region, British American Tobacco (BATS.L) has seen focus as a 10-year class action law suit in Canada nears its conclusion.
While the company's share price was suffering in the cash market, data from Astec has suggested short sellers have been taking the opportunity to cover positions—borrowing volumes falling 7 percent in the space of two weeks.
Hot stocks regular Transocean (RIG) has also been making waves in the EMEA after a shakeup of its executive board saw CFO Esa Ikaheimonen step down, to be replaced by new-hire Mark May.
The week saw the company's shares slump a little having peaked at a six month high earlier in May, while on the borrowing front the data has hinted at continued short covering in that time, with borrowing volumes down 15 percent.
Astec has picked Google (GOOG) as the hottest stock in the Americas after the German Monopoly Commission presented a report suggesting that the country's regulators should take a more liberal approach to a "sharing economy", in relation to its efforts to curb Google's dominance in the search engine market.
While its shares saw somewhat mixed trading in the cash market, data from Astec has suggested short sellers have been growing positions since the start of May, borrowing volumes having climbed 33 percent in that time.
Also in the Americas, MannKind Corporation (MNKD) has continued to see gains being made in the cash market following its earnings numbers, helped further by Â鶹´«Ã½ and Exchange Commission filings showing a number of company insiders have been buying shares in the company.
The lending data shows somewhat more mixed signals, with demand to borrow seemingly continuing to grow despite the actual number of shares being borrowed stalling. The weighted cost of borrowing reaching a high of almost 76 percent during the week, one of the highest for US stocks.
In the Asia Pacific region, Chinese conglomerate Fosun International (0656.HK) has seen fresh focus as talk emerged that, jointly with Anbang Insurance, it is set to offer the highest bid for Portugal's Novo Banco by the end of June.
The company's share price made gains during the week, while on the securities lending front Astec's data hints at short covering taking place since mid-May, in which time the number of Fosun shares being borrowed has fallen 13 percent.
Hot stocks regular Hanergy Thin Film Power Group (0566.HK) has also been selected by Astec, despite its shares being suspended from trading in the cash market.
On the borrowing front, this has had the knock-on impact of keeping action somewhat muted, though the increase in borrowing of more than 100 million shares seen the previous week is still holding.
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 Â鶹´«Ã½ 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 Â鶹´«Ã½ Finance Times
