NEW YORK (TheStreet) -- During the past week, global indices recovered their partial losses after a raise in debt ceiling gave hopes to the economic situation. Except Brazilâ¿¿s Bovespa, which edged up 1% at the end of the past week, all the other markets ended in red. Indiaâ¿¿s Nifty dropped 1.1% at end past week while Chinaâ¿¿s benchmark Shanghai Composite Index was down 1.2% at close last week.

The S&P 500 and the Dow Jones narrowed down their losses as compared to the previous week with a fall of 2.3% and 2.1% respectively. After facing a significant drop in markets, the U.S. economy fears were eased after the unexpected drop in jobless claims provided cushion. U.S. jobless claims touched 395,000, its lowest level since April, relaxing investorsâ¿¿ panic sentiment.

For the week ended Aug. 10, according to data compiled by international fund tracking firm EPFR, funds investing in the developing nation stocks recorded $7.7 billion in withdrawals which took the total outflows for 2011 to $14 billion. Also, the report revealed that the emerging-market equity funds recorded the third largest weekly outflows due to the S&P downgrade of U.S. credit rating and spread in Europeâ¿¿s debt crisis.

MSCI Emerging Markets Index slipped 11% for the five days ending Aug. 10 with almost $7 trillion erased from global equity values since July 26. MSCI developing nation index inched up 0.6% trimming its loss for the year to 13%.

With some of the investment banks upgrading India to market weight, indicating strong basic fundamentals and positive economic recovery, Indiaâ¿¿s Nifty index eroded its losses partially with four gainers. Most of the IT stocks declined after the U.S. downgrade as it may lead to a slowdown in the decision-making on technology spending by clients in the worldâ¿¿s largest outsourcing market. iGATE ( IGTE) emerged the top decliner, shedding 15.4% at close last week. Meanwhile, Cognizant Technology Solutions ( CTSH - Get Report) erased 8.4%. Another IT stock Patni Computer Systems ( PTI - Get Report) lost 7.4%.

On the Shanghai Index, pharma stocks, China Biotics ( CHBT) and China Sky One Medical ( CSKI) emerged as the top losersâ¿¿ with declines of 20.5% and 19.6% at close last week. Sales of automobiles in China slowed down in July with growth falling 9% from June 2011 to 1.01 million units as the government policies to boost car purchases expired after the recent crisis. Total sales including commercial vehicles dipped 11.1% from June. Following, auto parts and equipment makers like Sorl Auto Parts ( SORL - Get Report) and China Automotive Systems ( CAAS - Get Report) dived 15.5% and 12.9% lower.

The ratio of advancersâ¿¿ to declinersâ¿¿ at end past week stood at 7:18 for the Bovespa Index. Communication services and Utilities sector stocks were part of the major losers. Utilities stocks like CPFL Energia ( CPFL), Centrais Eletricas Brasileiras ( EBR) and Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP ( SBS) were among major losers with a fall of 9.8%, 7.2% and 6.6% respectively. Communication services stocks like Telecomunicacoes de Sao Paulo ( VIV), Brasil Telecom ( BTM) and TIM Participacoes ( TSU) shed 5%, 4.8% and 4.8% respectively.

Below, the stocks are listed based on last weekâ¿¿s gains, highest to least.

5. Yingli Green Energy ( YGE) is a vertically integrated photovoltaic (PV) product manufacturer. Under its own brand name, the company modules, and designs, assembles, sells and installs PV systems. The stock leaped 6.7% last week.

During the last week, Yingli and U.S. Soccer announced its multi-year agreement that establishes Yingli Green as the first official renewable energy partner of U.S. Soccer and the U.S. Men's, Women's, and Youth National Teams through the end of 2014.

As per a Digitimes report, despite photovoltaic (PV) prices falling and countries continuing to trim subsidies for the expensive technology, solar producers in China are smart enough to make investments currently in order to push down the costs later. High efficiency PV manufacturers like Yingli, JA Solar Holdings and Renesola are seeking for capacity expansion at least through 2012.

Of the 28 analysts covering the stock, 32% recommend a hold while the rest rate a buy on it. Analysts polled by Bloomberg project 43.8% upside to $9.13 in value from current levels.

4. Braskem ( BAK) is a producer of thermoplastic resins worldwide. Besides, it also produces ethylene, polyethylene and polypropylene in Brazil. Braskem operations consist of four production business units and one distribution business unit. The stock leaped 6.3% last week.

During the past week, the company recorded a sequential growth of 25% to $0.74 billion for the second quarter 2011. Consolidated net revenue rose 24% year-over-year to $5.16 billion. Net income for the quarter stood at $258 million, indicating an increase of 38% from the first quarter of 2011.

For the third quarter of 2011, Braskem expects a recovery in resin-naphtha spreads in the international market. Looking ahead to 2011, the company estimates to maintain its ethylene capacity utilization rate at around 87%, stable compared to 2010. With the medium and long term outlook of the petrochemical industry remaining positive, the company maintains its commitment to sustainable growth and development.

Of the nine analysts covering the stock, 33% recommend a hold while the rest rate a buy on it. There are no sell ratings on the stock. Analysts polled by Bloomberg project 41.6% upside to $28.80 in value from current levels.

3. Zhongpin ( HOGS) is mainly engaged in the meat and food processing and distribution business in China. HOGS sells its products to wholesalers, retailers and processing factories. Its products include 390 meat products, including chilled pork, frozen pork and prepared meats, and over 35 vegetable and fruit products. The stock leaped 5.1% last week.

During the past week, the company recorded a growth of 70% in its second quarter 2011 revenues to $366.5 million from the year ago quarter. Net income soared 56% to $19.3 million from $12.4 million in the second quarter of 2010. Diluted earnings per share increased by 37% to 48 cents.

For 2011, the company raises its guidance range for its sales to $1.33-$1.37 billion compare to the previous range of $1.18-$1.23 billion. Also, diluted earnings per share are seen in the range of $1.80 to $2.05 as compared to the previous range of $1.89 - $2.18 per share. Gross profit margin is expected to be within the range of 11.2% to 11.8%, while net profit margin is expected to be within the range of 5.2% to 5.8%.

Of the nine analysts covering the stock, 78% recommend a hold while the rest rate a buy on it. There are no sell ratings on the stock. Analysts polled by Bloomberg project 96% upside to $18.25 in value from current levels.

2. Companhia de Bebidas das Americas - AmBev ( ABV) along with its subsidiaries produce, distribute and sell beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated products in 14 countries across the Americas. The stock leaped 4.9% last week.

For the second quarter 2011, the company recorded net sales organic growth of 6.2% to $3.6 billion mainly due to price increases across regions. Profit for the quarter increased 20.4% to $0.67 billion from the year ago quarter. EBITDA during the quarter recorded a organic growth of 9% while margin levels expanded by 110 basis points.

Also, during the past week Morgan Stanley maintained its equal weight rating on the stock. It further added that despite not being a great second quarter, the management is sticking to price increases and controlling costs amid a slower volume environment than expected.

Of the 12 analysts covering the stock, 67% recommend a hold while the rest rate a buy on it. There are no sell ratings on the stock. Analysts polled by Bloomberg project 12.4% upside to $34.06 in value from current levels.

1. India ( REDF) along with its subsidiaries is involved in business of providing online Internet based services, focusing on India and the global Indian community. Its operations are divided into India Online business and US Publishing business. At close last week, the stock surged 4.1%.

Indian internet companies have been faring considerably well in the past few months following favorable second quarter earnings. Rediff foresees strong growth in the long term with the National Broadband Plan to reach 160 million broadband connections by 2014. This is believes is a major step ahead in the proliferation of broadband in India and follows the recent launch of 3G services by private telecom operators in India.

Last week, Bedford assigned a neutral rating on the stock based on the companyâ¿¿s strong advertising revenues last month. Also, it added that the company announced rollout of a group deals service a Groupon-like service attracting users.