21 January 2015
Global
Reporter: Stephen Durham

SunGard’s hottest stocks


SunGard’s Astec Analytics has compiled the hottest stocks from around the globe for the week beginning 12 January 2015.

The Paris-based operator of the cross-channel tunnel, Groupe Eurotunnel (GET.PA), is Astec’s top pick for the Europe, Middle East and Africa (EMEA) region after a lorry caught fire in the tunnel, causing a full-scale evacuation and the cancelation of all trains for the day.

This came as the company's share price has been making gains since the start of 2015, in which time the stock price has climbed about 8 percent, though data form Astec also suggests short sellers have been building positions in line with these gains; borrowing volumes now 29 percent higher than 1 January.

CNH Industrial (CNHI) is again suffering amid concerns over farming industrial sales.

Astec commented: “Despite some mixed trade in the cash market, [our] data suggests short sellers may be re-entering positions following a few weeks of closures, albeit only slightly, with borrowing volumes climbing 4 percent last week.”

In the Americas, Google (GOOG) is Astec’s top pick after its well-publicised Google Glass product was placed under new management within the company—management who suspended sales of the test model and put on hold the plans to bring out a revised model.

Though the company insists it is not abandoning the project, the move is being seen by most commentators as an admission of failure due to poor sales.

Astec's data has hinted at some growing interest form short sellers over the past few weeks, as borrowing volumes having climbed 21 percent in that time.

GoPro Inc. (GPRO) has also seen fresh attention in the Americas with news that it may be subjected to increased competition after Apple was granted a patent for a wearable camera device.

The news hurt GoPro's shares in the cash market, thought these declines seemingly brought about falling demand to borrow its shares, with the cost of borrowing falling from 24 percent to just 15 percent during the week.

In the Asia Pacific region, Sharp (6753) has seen focus build ahead of its latest earnings numbers—the announcement of which was dominated by a full-year profit warning which caused the shares to gap-down more than 5 percent.

On the borrowing front, Astec’s data has hinted at growing short selling activity for almost two months, with the number of shares being borrowed now 19 percent higher than 1 December 2014.

Finally, Japan’s Gree (3632) has been experiencing an ongoing share price slump that has seemingly brought about additional loss of demand to borrowing its stocks in the wake of the dividend related activity seen in December 2014.

The week's final session saw the cost of borrowing Gree shares fall from almost 12 percent per annum to just 5 percent.

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