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

Emerging-Market Stocks to Watch

Stocks in this article: BJGP GIGM GSOL

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) 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) 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), 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), 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) 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.

Select the service that is right for you!

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 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • 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