By David Sterman
It's been a tough year for Chinese stocks that trade in the United States. Many of them have sold off -- and stayed cheap --- even as they sport impressive growth rates and low valuations. Thanks to a sharp drop last week on renewed concerns about an overheating economy, these cheap stocks have become even cheaper.
To be sure, the Chinese economy faces hurdles on its path to higher gross domestic product. (Read 5 Landmines for Chinese Stocks in 2011).
Nevertheless, even as investors stay focused on near-term challenges the long-term opportunities remain as robust as ever, a message perhaps lost when you look at the stock charts of many China-based firms, a number of which are now off more than 40% from their 52-week highs.I've pulled together a short list of beaten-down names. Let's take a closer look at some potential rebound candidates.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV