This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Four Emerging Market ADRs Outperform

Stocks in this article: SPRD DSWL NINE

NEW YORK ( TheStreet) -- Markets across the world have been in doldrums this week driven by the euro-zone debt crisis and uncertainty over trading errors in the U.S. As on close Thursday, the S&P 500 was down 6.5%, Dow Jones was down 5.8%, China's Shanghai Composite lost 6.3%, India's Nifty is down 4.9% while Brazil's Bovespa is down 6.7%.

While stocks across sectors and geographies have been on a decline, four emerging market ADRs, surprisingly, have generated positive returns this week.

Spreadtrum Communications (SPRD), a fabless semiconductor company that designs, develops and markets baseband processor solutions for the wireless communications market in China, has gained 7.9% during the past one week and is currently trading at $7.27.

With no fundamental news flow on the stock this week, this price rise can be attributed to technical factors. Average trading volumes this week was 811,692 shares, more than double the 1-year average of 331,624 shares. During the last month, Bank of America (BAC), Merrill Lynch, HSBC (HBC) and Auriga have rated the stock a buy with price targets of $8.0, $8.5 and $8.0, respectively.

Deswell Industries (DSWL - Get Report), a Chinese manufacturer of injection-molded plastic parts and components, electronic products and subassemblies and metallic molds and accessory parts for OEMs and contract manufacturers, has gained 3.3% last week and is currently trading at $4.88. Average volumes are up 50% at 36,649 shares this week compared to the one-year average of 24,267.

Ninetowns Internet Technology (NINE), a software company that enables enterprises and trade-related People's Republic of China government agencies to streamline the import/export process in China, has gained 3.0% in the past one week and is currently trading at $1.69.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs