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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Thunderous Week for EM ADRs

NEW YORK (TheStreet) -- Emerging market ADRs had a great outing this week with our recommended stocks from the previous week gaining sharply to outperform both domestic and foreign bourses.

During the week, S&P 500 gained 2.9%, Dow Jones Industrial Average was up 1.9%, and China's Shanghai Composite Index added 2.9%, while India's Nifty was up 2.2%.

Solarfun Power Holdings (SOLF), a manufacturer of silicon ingots, photovoltaic (PV) cells and PV modules in China zoomed 27% during the last one week. Since our recommendation dated May 25, the stock has gained 19%.

On May 26, the company reported revenues of $216.2 million for the quarter ended March, a sequential increase of 17.8% and a year-over-year increase of 115.7%. Earnings increased multiple times to 35 cents per share compared to 3 cents a share in the fourth quarter of 2009 and a loss of 2 cents per share in the same quarter last year. The reported earnings were far ahead of the consensus estimate of 19 cents per share.

China's automobile sector is another space we are bullish on, as reflected in our long-term view.

China Automotive Systems (CAAS), a manufacturer of power steering systems and other automobile components, gained 22.3% during the past one week. The stock's 5-day average trading volume was up 40% to 895,922 shares compared to the 52-week average of 637,639 shares. On May 25, Oppenheimer & Co rated the stock a market outperformer with a price target of $25, implying an upside of about 30% over current levels.

Our other auto parts and equipment maker picks included Sorl Auto Parts (SORL) and Wonder Auto Technology (WATG), which have gained 14.7% and 14.3%, respectively. On May 24, Roth Capital Partners gave buy ratings to both of the companies with price targets of $13 and $50, respectively.

China's food and agriculture stocks recommended in our report dated May 24 logged in handsome gains as well.

AgFeed Industries (FEED), engaged in the animal nutrition and commercial hog producing businesses, gained 15.2% during the week. On May 26, Rodman & Renshaw rated the stock a market outperformer with price target of $5, implying a 43% upside over current levels.

Origin Agritech (SEED), a technology-focused supplier of crop seeds in China, appreciated 13.5% over the week. Rodman & Renshaw rated the stock a market outperformer with a price target of $17, representing a more than 100% upside over current levels.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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