Weekly American Depositary Receipt Investment Report
An American depository receipt (ADR) is a stock that trades in the United States but represents a specified number of shares in a foreign corporation. The best scoring ADRs from every week since 2010 have outpaced the EFA by an average 428 bps over the following year, with 0% turnover. The top performers from our list one year ago (12/10/2012) include NMR up 86%, IX up 72%. SMI up 64%, and TRIB up 62%.
The average ADR score is 52.61, below the four week moving average score of 53.98. The average ADR is trading 6.19% above its 200 day moving average, has 3.6 days to cover short and is expected to see EPS growth of 26.89% next year.
| ADRS | 12/9/2013 | 4 Week MA | ||||||
| Company Name | Symbol | Sector | INDUSTRY | REGION | COUNTRY | ZONE | SCORE | SCORE |
| BEST | ||||||||
| ARM | ARMH | TECHNOLOGY | Tech.Hardware&Equip. | United Kingdom & Ireland | United Kingdom | Europe | 95 | 88.75 |
| JINPAN INT'L | JST | TECHNOLOGY | Diversified Electronics | North Asia | China | Asia | 95 | 96.25 |
| Smith & Nephew | SNN | HEALTHCARE | HealthCareEquip.&Ser | United Kingdom & Ireland | United Kingdom | Europe | 95 | 95.00 |
| Grupo Aeroportuario del Sureste | ASR | SERVICES | IndustrialTransport. | Latin America | México | Latin America | 90 | 88.75 |
| AB InBev | BUD | CONSUMER GOODS | Beverages | Continental Europe | Belgium | Europe | 90 | 87.50 |
| Infosys Technologies | INFY | TECHNOLOGY | Software&ComputerSvc | South Asia | India | Asia | 90 | 88.75 |
| 51job | JOBS | SERVICES | Support Services | North Asia | China | Asia | 90 | 86.25 |
| China Life Insurance | LFC | FINANCIALS | Life Insurance | North Asia | China | Asia | 90 | 92.50 |
| Novo Nordisk | NVO | HEALTHCARE | Pharma. & Biotech. | Continental Europe | Denmark | Europe | 90 | 76.25 |
| Rio Tinto | RIO | BASIC MATERIALS | Mining | United Kingdom & Ireland | United Kingdom | Europe | 90 | 88.75 |
| SIGNET GROUP PLC | SIG | SERVICES | Jewelry Stores | Bermuda | 90 | 92.50 | ||
| Alto Palermo | APSA | FINANCIALS | Real Estate Inv&Serv | Latin America | Argentina | Latin America | 85 | 82.50 |
| Advanced Semiconductor Engineering | ASX | TECHNOLOGY | Tech.Hardware&Equip. | North Asia | Taiwan | Asia | 85 | 87.50 |
| Honda Motor | HMC | CONSUMER GOODS | Automobiles & Parts | North Asia | Japan | Asia | 85 | 87.50 |
| Home Inns & Hotels Management | HMIN | SERVICES | Travel & Leisure | North Asia | China | Asia | 85 | 83.75 |
| Orix | IX | FINANCIALS | Financial Services | North Asia | Japan | Asia | 85 | 87.50 |
| ArcelorMittal | MT | BASIC MATERIALS | Indust.Metals&Mining | Continental Europe | Luxembourg | Europe | 85 | 86.25 |
| Prudential | PUK | FINANCIALS | Life Insurance | United Kingdom & Ireland | United Kingdom | Europe | 85 | 87.50 |
| Roche | RHHBY | HEALTHCARE | Pharma. & Biotech. | Continental Europe | Switzerland | Europe | 85 | 87.50 |
| Shire | SHPGY | HEALTHCARE | Pharma. & Biotech. | United Kingdom & Ireland | United Kingdom | Europe | 85 | 83.75 |
| TIM Participacoes | TSU | TECHNOLOGY | Mobile Telecom. | Latin America | Brazil | Latin America | 85 | 83.75 |
| Wipro | WIT | TECHNOLOGY | Software&ComputerSvc | South Asia | India | Asia | 85 | 83.75 |
| Akzo Nobel | AKZOY | BASIC MATERIALS | Chemicals | Continental Europe | Netherlands | Europe | 80 | 82.50 |
| BASF | BASFY | BASIC MATERIALS | Chemicals | Continental Europe | Germany | Europe | 80 | 82.50 |
| Bayer | BAYRY | HEALTHCARE | Chemicals | Continental Europe | Germany | Europe | 80 | 83.75 |
| BP | BP | BASIC MATERIALS | Oil & Gas Producers | United Kingdom & Ireland | United Kingdom | Europe | 80 | 78.75 |
| BT Group | BT | TECHNOLOGY | Fixed Line Telecom. | United Kingdom & Ireland | United Kingdom | Europe | 80 | 77.50 |
| China National Offshore Oil-CNOOC | CEO | BASIC MATERIALS | Oil & Gas Producers | North Asia | China | Asia | 80 | 82.50 |
| Cresud | CRESY | CONSUMER GOODS | Food Producers | Latin America | Argentina | Latin America | 80 | 82.50 |
| CRH | CRH | INDUSTRIAL GOODS | Construct.&Materials | United Kingdom & Ireland | Ireland | Europe | 80 | 82.50 |
| Giant Interactive Group | GA | SERVICES | Leisure Goods | North Asia | China | Asia | 80 | 78.75 |
| IRSA Inversiones y Representaciones | IRS | FINANCIALS | Real Estate Inv&Serv | Latin America | Argentina | Latin America | 80 | 77.50 |
| Melco Crown Entertainment | MPEL | SERVICES | Travel & Leisure | North Asia | Hong Kong | Asia | 80 | 80.00 |
| Nortel Invesora - Series B | NTL | TECHNOLOGY | Fixed Line Telecom. | Latin America | Argentina | Latin America | 80 | 83.75 |
| Swisscom | SCMWY | TECHNOLOGY | Fixed Line Telecom. | Continental Europe | Switzerland | Europe | 80 | 82.50 |
| Companhia Siderurgica Nacional-CSN | SID | BASIC MATERIALS | Indust.Metals&Mining | Latin America | Brazil | Latin America | 80 | 78.75 |
| TOTAL | TOT | BASIC MATERIALS | Oil & Gas Producers | Continental Europe | France | Europe | 80 | 86.25 |
| Trinity Biotech | TRIB | HEALTHCARE | HealthCareEquip.&Ser | United Kingdom & Ireland | Ireland | Europe | 80 | 82.50 |
| Yanzhou Coal Mining | YZC | BASIC MATERIALS | Mining | North Asia | China | Asia | 80 | 72.50 |
| WORST | ||||||||
| Advantest | ATE | TECHNOLOGY | Tech.Hardware&Equip. | North Asia | Japan | Asia | 10 | 12.50 |
| Rediff.com India | REDF | TECHNOLOGY | Software&ComputerSvc | South Asia | India | Asia | 10 | 11.25 |
| Spirent Communications | SPMYY | TECHNOLOGY | Tech.Hardware&Equip. | United Kingdom & Ireland | United Kingdom | Europe | 10 | 12.50 |
| CGG Veritas | CGG | BASIC MATERIALS | OilEquip.,Serv.&Dist | Continental Europe | France | Europe | 15 | 15.00 |
| Gold Fields | GFI | BASIC MATERIALS | Mining | Sub-Saharan Africa | South Africa | Africa | 15 | 13.75 |
| Linktone | LTON | TECHNOLOGY | Mobile Telecom. | North Asia | China | Asia | 15 | 12.50 |
| Mahanagar Telephone Nigam | MTENY | TECHNOLOGY | Fixed Line Telecom. | South Asia | India | Asia | 15 | 22.50 |
| Magyar Telekom | MYTAY | TECHNOLOGY | Fixed Line Telecom. | Central & Eastern Europe | Hungary | Europe | 15 | 12.50 |
| The9 | NCTY | SERVICES | Leisure Goods | North Asia | China | Asia | 15 | 21.25 |
| Perfect World | PWRD | TECHNOLOGY | Leisure Goods | North Asia | China | Asia | 15 | 25.00 |
| STMicroelectronics - New York Shares | STM | TECHNOLOGY | Tech.Hardware&Equip. | Continental Europe | Italy | Europe | 15 | 17.50 |
| Suntech Power | STP | TECHNOLOGY | Alternative Energy | North Asia | China | Asia | 15 | 21.25 |
| Volvo | VOLVY | CONSUMER GOODS | Industrial Engineer. | Continental Europe | Sweden | Europe | 15 | 16.25 |
Commentary:
The best scoring sector is healthcare (SNN, NVO, SHPG, RHHBY, TRIB, BAYRY). Services (SIG, JOBS, ASR, HMIN, MPEL, GA) and basic materials (RIO, MT, YZC, TOT, SID, CEO, BP, BASFY, AKZOY) also score above average. Consumer goods score in line. Financials, technology, industrial goods and utilities score below average.
The top zone is Latin America (ASR, TSU, APSA, NTL, IRS, CRESY, SID). Europe (ARMH, SNN, NVO, BUD, RIO, SHPG, RHHBY, PUK, MT) is also strong scoring. The top scoring regions are UK/Ireland (ARMH, SNN, RIO, SHPG, PUK, BT, CRH, TRIB, BP), LatAm, and MENA (PTNR). The best countries are Argentina (APSA, NTL, IRS, CRESY), Germany (BAYRY, BASFY, SI, SAP), and Ireland (CRH, TRIB).
None.
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