Fundamentals count for emerging markets stocks as well, so don't randomly sell out of foreign stocks simply due to isolated bad news from Turkey and Argentina, says Conrad Saldanha, Portfolio Manager of the Neuberger Berman Emerging Markets Equity Fund. Among Saldanha's favorite emerging markets stocks are Korean water filter seller Coway, Hong Kong-based waste energy provider Everbright, Russian retailer Magnit and Hong Kong's Haier Electronics.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

If you liked this article you might like