SunGard's hottest stocks
11 june 2015 Global
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SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 1 June 2015.
British telecoms giant Vodafone Group (VOD.L) is Astec’s top pick in the Europe, the Middle East and Africa region after it confirmed it is in talks with Liberty Global over a possible asset exchange, though talks are still in the early stages.
On the borrowing front, data from Astec has suggested short sellers have been increasing their positions since the beginning of June—in which time the number of Vodafone shares being borrowed has climbed 55 percent.
Transocean (RIG) has held its place as focus in the oil market turned towards the Organization of the Petroleum Exporting Countries biannual meeting, in which the association agreed to keep levels of output high, initiating a knock-on effect on most related companies.
With this, Transocean saw its share price edge lower, though this seemingly helped spur additional short covering—the number of its shares being borrowed now down 21 percent since 1 May.
US technology firm Cisco Systems (CSCO) is Astec’s top pick for the Americas after it undertook a shakeup of its senior management.
Its share price slipped lower during the week, and Astec's data has suggested short selling has also been on the decline for the past month with the number of Cisco shares being borrowed falling 58 percent since 1 May.
MannKind Corp (MNKD) has held its place in Astec’s list as it continues to see positive attention build around its Afrezza drug, which has helped to bring about a 40 percent rise in its share price in June so far.
Data from Astec has hinted that these gains have been met by increased demand to short sell, with the cost of borrowing MNKD shares climbing from around 50 percent two weeks ago, to more than 90 percent.
Hyundai Motor Company (005380.KS) is Astec’s top pick for the Asia Pacific region after its shares closed at their lowest since 2010.
Astec’s data has shown growing short selling activity even before these latest sales figures were released, with borrowing volumes in the company climbing 67 percent in the past three weeks.
Finally, Australian grocery store Metcash (MTS.AX) has made it into Astec’s list after it announced it would be suspending dividend payments in 2016, not declaring its final dividend for 2015, and saying it expects it will be writing down $495 million of assets.
This brought about a spurt of downgrades from most of the major players, including JP Morgan, Credit Suisse, Macquarie, UBS and Deutsche Bank.
The stock plummeted around 20 percent in the week, while on the borrowing front Astec's data suggests short selling activity has also increased rapidly—the number of MTS shares being borrowed climbing 12 percent in the past two weeks.
British telecoms giant Vodafone Group (VOD.L) is Astec’s top pick in the Europe, the Middle East and Africa region after it confirmed it is in talks with Liberty Global over a possible asset exchange, though talks are still in the early stages.
On the borrowing front, data from Astec has suggested short sellers have been increasing their positions since the beginning of June—in which time the number of Vodafone shares being borrowed has climbed 55 percent.
Transocean (RIG) has held its place as focus in the oil market turned towards the Organization of the Petroleum Exporting Countries biannual meeting, in which the association agreed to keep levels of output high, initiating a knock-on effect on most related companies.
With this, Transocean saw its share price edge lower, though this seemingly helped spur additional short covering—the number of its shares being borrowed now down 21 percent since 1 May.
US technology firm Cisco Systems (CSCO) is Astec’s top pick for the Americas after it undertook a shakeup of its senior management.
Its share price slipped lower during the week, and Astec's data has suggested short selling has also been on the decline for the past month with the number of Cisco shares being borrowed falling 58 percent since 1 May.
MannKind Corp (MNKD) has held its place in Astec’s list as it continues to see positive attention build around its Afrezza drug, which has helped to bring about a 40 percent rise in its share price in June so far.
Data from Astec has hinted that these gains have been met by increased demand to short sell, with the cost of borrowing MNKD shares climbing from around 50 percent two weeks ago, to more than 90 percent.
Hyundai Motor Company (005380.KS) is Astec’s top pick for the Asia Pacific region after its shares closed at their lowest since 2010.
Astec’s data has shown growing short selling activity even before these latest sales figures were released, with borrowing volumes in the company climbing 67 percent in the past three weeks.
Finally, Australian grocery store Metcash (MTS.AX) has made it into Astec’s list after it announced it would be suspending dividend payments in 2016, not declaring its final dividend for 2015, and saying it expects it will be writing down $495 million of assets.
This brought about a spurt of downgrades from most of the major players, including JP Morgan, Credit Suisse, Macquarie, UBS and Deutsche Bank.
The stock plummeted around 20 percent in the week, while on the borrowing front Astec's data suggests short selling activity has also increased rapidly—the number of MTS shares being borrowed climbing 12 percent in the past two weeks.
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