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Emerging Market ADRs Outperform on Earnings

Among Brazil ADRs, NET Servicos de Comunicacao (NETC), Tim Participacoes (TSU), Petrolea Brasileiro (PBR) and Braskem (BAK) gained 23.2%, 12.3%, 8.6% and 7.5%, respectively.

The world's fourth largest aircraft maker Empressa Brasileira de Aeronautica (ERJ) increased 7.5% after the company reported second quarter results broadly in line with analyst expectations. Revenues stood at $1,354 million as against analyst estimation of $1,336 million. On Tuesday, Credit Suisse (CS), JP Morgan (JPM) and Banco Santander (Brasil) (BSBR) upgraded the stock. In yesterday's trading session, the stock closed at its 52-week high of $27.1.

Karvy Global Services (, a subsidiary of the Karvy group (, provides specialized research in asset classes including stocks, mutual funds and insurance to leading Wall Street firms.
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NTE $4.83 1.90%
CSUN $2.01 0.00%
SINA $38.54 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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