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 ADRs: Winners and Losers

Mahanagar Telephone Nigam (MTE), the state-owned telecom major, lost 5.2%, after posting a $136 million loss for the third quarter, as against a net profit of $4.8 million during the year-ago quarter. For the same period, net sales were up 10.1% to $237 million.

Sify Technologies (SIFY), an integrated Internet, network, and electronic commerce services company, declined 4.4%. The company reported a second-quarter loss of $3.38 million, higher than $2.62 million reported during the same quarter in the prior year. Revenues slumped to $38.16 million from $38.69 million generated last year.

Cognizant Technology Solutions (CTSH), an IT services provider, decreased 2.8%. Although the recent quarter results were better than projected, investors expected more from the company's earnings report.

Among others, Rediff.com (REDF) was the biggest loser, down 8.1%.

Brazil: Winners and Losers

Empresa Brasileira de Aeronautica (ERJ), the world's fourth-largest aircraft manufacturer, gained 8.2% on analysts' upgrades. Bank of America has upgraded the stock's rating to "buy" from "underperform."

Among others, Banco Bradesco (BBD), Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) (SBS), TIM Participacoes (TSU), and Companhia Paranaense de Energia (COPEL) (ELP) jumped 8.2%, 8.1%, 7.6%, and 7.2% respectively.

Banco Itau Holding Financeira (ITUB), Brazil's largest private bank in terms of assets, gained 6.8% on its share buyback program. The lender has approved a share repurchase program worth $1.58 billion, including 9 million common shares and 56.7 million preferred shares.

Petroleo Brasileiro (PBR) rose 5.9% on positive calls from a brokerage firm. Analysts at Banco Pactual (BTG) reinstated coverage of the stock, maintaining the previous "buy" rating and alleged that the earlier panic share selling was clearly unwarranted.

Emerging as the sole loser, Tele Norte Leets Partricipacoes (TNE) dipped 1.8%.

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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