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

India: Winners and Losers (REDF) topped the advancers' list jumping 30.6% at close last week. Tata Communications (TCL) accumulated 12.7% after HSBC upgraded the stock to neutral from the earlier underperform.

Wipro (WIT) reversed its earlier week's losses and rose 8.3% last week. Senior executives at top IT companies in India forecast double-digit growth rates of 18%-22% for the year ending March 2011. Meanwhile, brokerage houses estimates a growth rate of 4% to 7% for the March 2011 ending quarter.

Cognizant Technology Solutions (CTSH) and Tata Motors (TTM) increased 7.9% and 7.8%, respectively. Meanwhile, Tata Motors is in talks to buy a car factory from Poland-based Fabryka Samochodow Osobowych, which has an installed capacity of 150,000 cars a year and produces several car models through licensing pacts with global automakers such as GM Daewoo.

iGATE (IGTE) closed 7.5% higher. Zacks Investment Research reaffirmed a neutral rating on the stock. Mahanagar Telephone Nigam (MTE) and Infosys (INFY) gained 7.3% each. Meanwhile, as inflation rate increases and wages and attrition rates of key staff rise, outsourcing contracts billing rates are likely to go up by 5%.

Banking stocks ICICI Bank (IBN) and HDFC Bank (HDB) advanced 6.7% and 4.4% during the past week, respectively.

Even after the Indian market gained a huge 5.5% last week, only one stock registered losses. WNS Holdings (WNS) erased 5.4% last week.

Brazil: Winners and Losers

Telecom operators in Brazil accumulated gains above 10% during the past week. It was revealed last week that Spain-based Telefonica, largest telecom group serving Latin America, is planning to invest $14.6 billion in Brazil during the 2011 to 2014 period leveraging on the country's rising demand for telecommunications services. Meanwhile, during the period 2007 to 2010 Telefonica has invested $9.6 billion in Brazil.

Telecom operator Vivo Participacoes (VIV) emerged the top gainer rising 11.8% during the past week. The stock advanced on takeover speculation after Deutsche Telekom agreed to sell its wireless unit to AT & T. An industry analyst commented that Tim being a focused wireless service provider, it can be a likely target among competitors offering landlines and cable.

Major telecom service provider Vivo Participacoes (VIV) was up 10.5%, after its board of directors approved a dividend payment of $3.2 per share for 2010. The shares will be traded as ex-dividend as of April 1, 2011. Tele Norte Leste Participacoes (TNE) and Brasil Telecom (BTM) gained 10.1% and 7.2% at close last week, respectively.
2 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 $173.81 -0.80%
ERJ $21.92 -2.50%
GSOL $8.38 -3.30%
GIGM $2.51 0.00%


Chart of I:DJI
DOW 17,738.27 +77.56 0.44%
S&P 500 2,056.21 +5.58 0.27%
NASDAQ 4,729.1080 +12.0140 0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs