This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Emerging Market ADRs: Winners & Losers

General Steel Holdings (GSI) followed gaining 23.7% after recording 100% year-over-year increase in its second-quarter revenue to $1 billion. The company's net loss narrowed to $1.5 million, or 3 cents per share, from a net loss of $2.1, or 4 cents per share, in the same quarter in 2010. Gross profit for the quarter increased approximately 280% year-over-year to $28 million.

China Information Technology (CNIT) rose 13.8% this past week. TheStreet Ratings rated a hold on CNIT after the company recorded significantly positive second-quarter results. Also, it was known that the company's chief executive agreed to revise the terms of his $5 million loan to the company, allowing the loan's repayment to be converted into the company's shares. The CEO believes in the company's long-term growth outlook and has approved the loan amendment.

Leading the pack of losers was AsiaInfo-Linkage (ASIA), down 30.8%. VanceInfo Technologies (VIT) plunged 24% last week after missing its second-quarter estimate. VIT recorded second-quarter earnings per share of 21 cents versus the consensus estimate of 23 cents. Moreover, for the third quarter and full year 2011, the company's earnings per share guidance were lower than expected.

Sorl Auto Parts (SORL) erased 18.1% at close last week, after its third-quarter guidance fell below analysts' estimates. For 2011 third quarter, it expects net sales of $45 million and net income of $3.6 million. However, analysts estimate SORL to record revenue of $52 million and net profit of $4.47 million.

E-House (China) Holdings (EJ) dipped 15.2% at close last week after reporting a loss for 2011 second quarter. For the quarter, the company recorded net loss of $6.7 million, or 8 cents per American Depositary Share (ADS), compared to net income of $6.7 million, or 8 cents per ADS, in the year-ago quarter.

3 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
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!
CTSH $62.00 -0.58%
HDB $62.87 -0.90%
INFY $35.47 -0.06%
IGTE $44.54 1.50%
IBN $11.53 -0.52%


DOW 18,047.13 -88.59 -0.49%
S&P 500 2,092.45 -8.59 -0.41%
NASDAQ 4,973.1670 -9.6420 -0.19%

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