This Day On The Street
Continue to site
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

Emerging-Market ADRs: Winners and Losers

NEW YORK ( TheStreet) -- Global market indices recovered a fraction of losses during the past week as risk appetite returned subsequent to the progress made in resolving Japan's nuclear crisis. Among emerging market indices, India's Nifty posted the highest increase of 5.5%. China's Shanghai Composite Index followed rising 2.7%. Meanwhile, Brazil's Bovespa rose 1.3%. Furthermore, the Dow Jones and the S&P 500 advanced 3.1% and 2.7%, respectively.

China: Winners and Losers

China Shen Zhou Mining & Resources (SHZ) topped the gainers' list, rising 28.2% last week. TheStreet Ratings rate the stock a hold. Ku6 Media (KUTV) and GigaMedia (GIGM - Get Report) followed increasing 26.9% and 25.7% last week, respectively.

Sina (SINA - Get Report) surged 17.4% at close last week. Internet portal operator Sina dropped Google's search service from its website and will now use its own search technology, diminishing Google's market presence further in the country.

Global Sources (GSOL - Get Report) advanced 15.7%. In its recently reported quarterly results, revenue increased to $62.4 million from $54.9 million while net income stood at $9.5 million, compared to $8.6 million in the year-ago period. For the first half of 2011, the company estimates revenue in the range of $102.5 million to $103.5 million, 9%-10% year-over-year increase.

Telecom stocks, Telestone Technologies (TSTC) and Qiao Xing Mobile Communication (QXM) were up 15.4% and 13.8%, respectively.

Baidu (BIDU - Get Report) rose 12% on reports of new product launches. The company revealed that it is planning to develop a mobile operating system and is testing web-browsing software for personal computers that will place it in direct competition with Microsoft's Internet Explorer and Google's Chrome. Further, Baidu is likely to gain after Beijing blocks Google's e-mail services.

Airline stocks China Southern Airlines (ZNH) and China Eastern Airlines (CEA) were up 15% and 9% during the past week, respectively. Silvercorp Metals (SVM) gained 9.6% on rising silver prices.

New Oriental Energy & Chemical (NOEC) headed the losers' list, down 23.8% during the past week. China Information Technology (CNIT) slumped 15.3% after the company reaffirmed its 2011 revenue guidance in the range of $165 and $187 million and net income in the range of $42 and $45 million.

Auto Parts & Equipment stocks, China Automotive Systems (CAAS) and Wonder Auto Technology (WATG) fell 9.2% and 5.8% last week, respectively. Meanwhile, software stocks CDC Software (CDCS) and Longtop Financial Technologies (LFT) shed 9.7% and 6.2%, respectively.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SHZ $0.10 0.00%
BIDU $194.30 0.00%
ERJ $23.10 0.00%
GSOL $8.50 0.00%
GIGM $2.51 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs