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Emerging Market ADRs: Winners and Losers

Airline companies TAM (TAM - Get Report) and Gol Linhas Aereas Inteligentes (GOL - Get Report) added around 5.8% and 5.6%, respectively. These carriers reported higher traffic during Sept. 2010, according to Brazil's National Civil Aviation Agency report.

Among others, Companhia de Bebidas das Americas(Ambev) (ABV), Companhia Energetica Minas Gerais (CIG), and Gafisa (GFA) gained around 5.6%, 4.7%, and 4.5%, respectively.

Embraer- Empr Bras Aeronautica (ERJ), Companhia Paranaense de Energia (ELP), and Petroleo Brasileiro (Petrobras) (PBR) were major losers declining 4.8%, 2.2%, and 1.1%, respectively. In a report on Thursday, analysts at J.P.Morgan revised the price target to $32.0 from $35.0 and lowered the 2010 EPS estimate by 15 cents to $1.35 due to fewer-than-expected deliveries during the third-quarter.

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TAM $26.00 0.00%
KONG $0.00 0.00%
LDK $0.00 0.00%
EBR $2.52 9.09%
GOL $2.82 2.55%


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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