This Day On The Street
Continue to site
ADVERTISEMENT
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

Emerging-Market Stocks to Watch

NEW YORK ( TheStreet) -- Global indices have had a rough ride this past week as the S&P 500 lost 4.3%, the Dow Jones Industrial Average declined 4.1%, the Shanghai Composite was down 6.7%, Brazil's Bovespa fell 4.2% and India's Nifty Index inched down 0.3%.

Despite this mayhem, there are a few emerging-market ADRs that outperformed both domestic and foreign bourses, gaining anywhere between 2% and 12%. BMP Sunstone (BJGP), a China-based pharmaceutical company, gained 12.3%. Average five-day volume stood at 410,037 shares, compared with the 52-week average of 103,690 shares. Recently, Susquehanna Financial Group assigned a positive rating to the stock and a price target of $7, implying 30% upside over current levels.

Gigamedia (GIGM - Get Report) gained 11.3%. The company provides online entertainment software and services to the online gaming industry in China. Recently, Roth Capital Partners assigned a hold rating to the stock with a price target of $3, representing 32% upside over current levels.

Global Sources (GSOL - Get Report) increased 7.5%, touching a 52-week high of $8.04 earlier this week.

The stock was among the major gainers last week as well. The company's board recently increased its upcoming cash tender offer to purchase 11.12 million shares, up from 6.67 million shares. However, the purchase price remains at $9 per share.

JA Solar Holdings (JASO - Get Report), a Chinese manufacturer of solar cells, was up 6.8%. Recently, Goldman Sachs and Nomura assigned a buy rating to the stock with price targets of $7.50 and $8, respectively, representing an upside of approximately 50%-60% over current levels.

Another solar cell maker, Trina Solar (TSL - Get Report), gained 4.6%. The company has partnered with Australia's Ingenero in order to install the country's largest rooftop solar power system. Trina solar will supply the solar panels for installation.

Shifting focus to Indian ADRs, IT and ITeS provider Syntel (SYNT - Get Report) increased 2.9%, while Tata Communications (TCL) gained 2.4%.

Among the Brazilian ADRs, the country's largest retailer, Companhia Brasileira De Distribuicao (CBD), increased 3.8%. According to the Brazilian Association of supermarkets, Brazil's May supermarket sales increased 3.8% year over year compared with a decline of 0.5% during April.

Braskem SA (BAK) was up 2.9%, while energy major Companhia Paranaense de Energia (ELP) gained 2.7% during the past week.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
GSOL $5.57 0.91%
GIGM $0.92 -1.10%
JASO $10.31 1.60%
TSL $12.82 1.90%
SYNT $46.61 -0.04%

Markets

DOW 18,118.71 +38.57 0.21%
S&P 500 2,121.25 +3.56 0.17%
NASDAQ 5,100.1650 +8.08 0.16%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs