This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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 Markets ADRs: Winners and Losers

Stocks in this article: NWD CNR LDK YGE TTM CHU SIFY REDF ERJ NETC GGB BBD

WNS Holdings (WNS - Get Report) was a major loser last week, slumping 9.1% after research analysts at Credit Suisse downgraded the stock to "neutral" from "outperform". Moreover, JP Morgan maintained its "underweight" rating on the stock on estimated below-industry average revenue growth during 2011. Meanwhile, the company has lowered its revenue guidance for 2011 to $367 million from the earlier $363 million to $378 million.

Wipro Technologies (WIT - Get Report) continued its downtrend, losing 6.1%. Last week, the company's third-quarter revenue missed the consensus estimate of 47 analysts polled by Bloomberg. However, the company's profit increased 10%, in line with the forecast. Sterlite Industries (SLT) dropped 5.3%. Analysts at Zacks Investment Research downgraded the stock to "neutral" from "outperform" last week.

Tata Motors (TTM) dipped 5.1%, notwithstanding a 19% growth in December global vehicle wholesales. Mahanagar Telephone Nigam (MTE) fell 4.1%.

Brazil: Winners and Losers

Embraer (ERJ - Get Report) continued its winning streak for the second consecutive week to top the advancers' list, gaining 8.1%. Last week, RBC Capital raised its price target on the stock to $35 from the earlier $30, assigning a "sector perform" rating. Braskem (BAK - Get Report) followed, on an unusually huge trading volume increase, up 3.1%. TIM Participacoes (TSU - Get Report) gained 2.4%. Last week, Brazil's telecom regulator Anatel revealed that Brazil's mobile phone subscriptions were up 16.7% in 2010, compared to 2009, with Tim garnering a 25.1% market share to occupy the third spot (in terms of market share). The first spot is occupied by Vivo Participacoes, the second by America Movil SAB de CV, which both trade on the NYSE.

Another cellular telecom service provider, Vivo Participacoes (VIV - Get Report), increased 1.5% during the past week. For the year-ended 2010, the telecom provider was ranked first, with a market share of 29.7%. Joining the rallying telecom stocks on news of growing mobile phone subscriptions in Brazil during 2010, Tele Norte Leste Participacoes (TNE) edged up 1.1% last week.

Topping the losers' list last week was Net Servicos de Comunicacao (NETC), down 12.8%. Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) (SBS - Get Report) plummeted 9.7%. However, SABESP said last week it is using recycled material to build an $18.3 million water supply system in Osasco city, which has reduced construction costs by almost half.

Companhia Energetica Minas Gerais (CEMIG) (CIG) dipped 8.4%. Companhia de Bebidas das Americas (AmBev) (ABV) continued to lose for the second consecutive week, dropping 7.4%. Last week, Goldman Sachs downgraded the stock to "neutral" from "buy," stating that the company may miss its fourth-quarter earnings estimates due to bad weather pressurizing volumes.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

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