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

NEW YORK (TheStreet) -- Reversing two straight weeks of gains, emerging-market indices eroded considerable value last week. Brazil's Bovespa shed the maximum of 3% as economists have revised Brazil's 2011 GDP forecast slightly lower to 3.94% from 3.95%. Further, Brazilian banks and retail stocks pulled back on the expectation of higher interest rates. Meanwhile, China's benchmark Shanghai Composite Index and India's Nifty slipped 0.4% and 0.3% at close last week, respectively.

The S&P 500 and the Dow Jones closed on a positive note last week, gaining 1.8% and 2%, respectively. The U.S. equity markets rose last week as Greek lawmakers passed a five-year austerity package, qualifying the country for further aid. Additionally, the latest report from ADP Employer Services shows that U.S. companies added twice as many jobs as forecast in June.

For the week ended July 6, according to data compiled by international fund tracking firm EPFR, the diversified global emerging-market equity funds attracted $1.36 billion. Overall, inflows into the global equity funds aggregated $6.19 billion. Meanwhile, the MSCI Emerging Markets Index added 1.3%, reflecting a third consecutive weekly gain and its longest rally in three months.

India's Nifty closed the week with only two losers. ICICI Bank (IBN) emerged top decliner shedding 2.6% at close last week as the Reserve Bank of India proposed to cap banks' equity investments in firms, and India's largest lender State Bank of India hiked lending and deposit rates. Meanwhile, Sterlite Industries India (SLT) nudged 0.8% lower last week.

On the Shanghai Composite Index, stocks from the SOLAR space such as Yingli Green Energy Holding (YGE) and JA Solar Holdings (JASO) plunged 14% and 11.5%, respectively. Meanwhile, Canadian Solar (CSIQ) erased 9%, while LDK Solar (LDK), Trina Solar (TSL) relinquished 8.6% and 8.5%, respectively.

With Bovespa led by a major fall in banks and retailers, Companhia Brasileira De Distribuicao (CBD) was among the top losers, down 5.7% at close past week. Braskem (BAK) was at the helm of losers, declining 7.9%. Gafisa (GFA) followed shedding 6.1%. Banking stocks Itau Unibanco Holding (ITUB) and Banco Bradesco (BBD) dived 4.2% and 2.4% respectively.

The following stocks are stacked based on last week's gains, least to highest.

1 of 6

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 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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