NEW YORK ( TheStreet) -- The S&P 500 Index gained 2.2% during this week, in comparison to the gains of 2.2% for Brazil's Bovespa, 2% for Dow Jones Industrial Average and 1.3% for India's Nifty Index. The Shanghai Composite Index gained 0.8%, the least among all indices as the country's July manufacturing Purchasing Managers Index expanded at the slowest pace in 17 months to stand at 51.2.Few emerging market ADRs have outperformed both domestic and foreign bourses. Among China ADR gainers, Guangzhou Global Telecom (GZGT) escalated 25% during the past one week. Nam Tai Electronics (NTE) was up 17.3% after the maker of electronic goods announced that its second-quarter sales increased 12% year-over-year and earnings per share stood at 7 cents.
Emerging Market ADRs Outperform on Earnings
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.