Tesco PLC (LON:TSCO)
Most shorted shares ahead of earnings
The U.S. earnings seasons got off to a good start with better than expected results from Alcoa and Google. We run the rule over U.S., European and Asian stocks announcing earnings this week that have seen the greatest amount of short selling in the run-up to the results.
Supermarkets discounted by investors
Supermarkets are used to the challenge of catering to customers in a recession, but protecting profits during a prolonged slowdown in consumer spending has thrown up challenges. Unusually, we find that some of the world’s largest global brands appear amongst the list of most shorted names.
Stocks covered include: SUPERVALU INC. (NYSE:SVU), Safeway Inc. (NYSE:SWY), AEON CO LTD. (TYO:8267), Wesfarmers Limited (ASX:WES), Carrefour SA (EPA:CA), Wal-Mart Stores, Inc. (NYSE:WMT) and Tesco PLC (LON:TSCO).
Contrarian investors target Consumer Durables over Staples
Short interest amongst European Durables is double that of Staples in a sign that contrarian investors believe the crisis is not over yet.
Stocks covered include: CSM NV ( AMS:CSM), Tesco PLC (LON:TSCO),Wm. Morrison Supermarkets plc (LON:MRW), J Sainsbury plc ( LON:SBRY), Fiat Industrial SpA (BIT:FI), Peugeot SA (EPA:UG), Daimler AG (FRA:DAI).