NEW YORK ( TheStreet) -- 10 China ADRs outperformed the Shanghai Composite Index and S&P 500 Index over the past week. These top 10 performers registered double-digit gains; in comparison Shanghai Composite Index gained 1.4% and S&P 500 Index declined 0.7%.Among these top 10 China ADRs, China Techfaith Wireless Communication Technology (CNTF - Get Report) soared 17.7% during the past week after the company reported a 62% increase in its second-quarter profit. Revenue increased 32% to $65.5 million as compared to the same period a year ago led by sale of 691,000 mobile products. For the third quarter, the company predicts revenue in the range of $66 million to $68 million.
10 China ADRs Outperform S&P, Shanghai
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $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
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
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.