With U.S. markets officially going from bad to worse this earlier week (and despite the subsequent rebound two days later) the tepid prospects of a recovery in the near future still aren't apt to inspire strong buying of American stocks that rely heavily on American consumers. That's not to say we should throw in the towel though - you just have to look under different stones to find rising stocks.

IN PICTURES: How To Make Your First $1 Million

You may have to think way outside the box, as it's tough to find a name that isn't well-linked to the United States, or its trade partners, or its spenders. They are out there though, and more importantly, they are rising.

Here are a few ADRs worth serious consideration for your portfolio, at a time when most U.S. stocks are nothing but a liability.

Don't Cry For Me
If you look at a list of winning stocks on a country-by-county basis over the last several months, you might be surprised to find Argentina is usually at the top of a short list. Much of that is attributable to Mercadolibre Inc. (Nasdaq:MELI) - an Argentina-based e-commerce platform that provides service like our PayPal, as well as our eBay (Nasdaq:EBAY).

At a current P/E of around 60, Mercadolibre is priced like a tech growth stock of yesteryear. However, the "growth" is there. Mercadolibre has topped EPS estimates in three of its last four quarters, so the EPS bump from $1.12 this year to $1.50 next year - a 33% improvement - may still not do the company justice.

Avago-Go-Go
Avago Technologies Limited (Nasdaq:AVGO) - the Singapore-based semiconductor maker that someone forget to tell about the weak market. AVGO shares are up 18% for the year, yet still don't feel overbought.

While it would be inaccurate to say Avago Technologies has no U.S. customers, half of the company's sales are to Asian customers. And the company earned $0.47 per share last quarter, topping analyst estimates by four cents. There's not an iron-clad cause/effect relationship there, but the connection between the earnings "beat" (earnings were "ka-ching" by the way) and the bulk of its geographical customer base is nothing to dismiss either.

What Recession?
The obscurity of a Brazilian utility stock can't be denied, but neither can an 82% increase in last quarter's earnings, following a 65% increase in the prior quarter's earnings. That's exactly what CPFL Energia (NYSE:CPL) did though, snapping a five-quarter streak of declining profits.

It's a worthy play not just because of the 7% (ish) dividend yield, but because Brazil's one of the fastest growing countries in the world, and wasn't hit as hard as the rest of the world in the recession. Thus, its recovery is shaping up much faster and firmer than other those of other countries.

The Bottom Line
Not every stock is neck-deep in government red tape, weak consumer demand and tight corporate purse strings; a frustrating description of most of the American business environment right now. You just have to go hunt these stocks down.

Something else to note about these stocks - they've all exhibited sustained bullishness over the last several weeks, which has been just as important if not more important than the underlying fundamentals. In other words, they're proven as rising stocks - something that could be a rare find while the U.S. market flounders. (For more stock analysis, take a look at 4 Stocks The Insiders Are Buying.)

Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!

Related Articles
  1. Investing

    Build a Retirement Portfolio for a Different World

    When it comes to retirement rules of thumb, the financial industry is experiencing new guidelines and the new rules for navigating retirement.
  2. Stock Analysis

    Net Neutrality: Pros and Cons

    The fight over net neutrality has become an amazing spectacle. But at its core, it's yet another skirmish in cable television's war to remain relevant.
  3. Personal Finance

    A Day in the Life of an Equity Research Analyst

    What does an equity research analyst do on an everyday basis?
  4. Mutual Funds & ETFs

    ETF Analysis: PowerShares S&P 500 Downside Hedged

    Find out about the PowerShares S&P 500 Downside Hedged ETF, and learn detailed information about characteristics, suitability and recommendations of it.
  5. Mutual Funds & ETFs

    ETF Analysis: ProShares Large Cap Core Plus

    Learn information about the ProShares Large Cap Core Plus ETF, and explore detailed analysis of its characteristics, suitability and recommendations.
  6. Mutual Funds & ETFs

    ETF Analysis: iShares Core Growth Allocation

    Find out about the iShares Core Growth Allocation Fund, and learn detailed information about its characteristics, suitability and recommendations.
  7. Mutual Funds & ETFs

    ETF Analysis: iShares MSCI USA Minimum Volatility

    Learn about the iShares MSCI USA Minimum Volatility exchange-traded fund, which invests in low-volatility equities traded on the U.S. stock market.
  8. Stock Analysis

    Should You Follow Millionaires into This Sector?

    Millionaire investors—and those who follow them—should take another look at the current economic situation before making any more investment decisions.
  9. Professionals

    What to do During a Market Correction

    The market has corrected...now what? Here's what you should consider rather than panicking.
  10. Mutual Funds & ETFs

    ETF Analysis: Vanguard Mid-Cap Value

    Take an in-depth look at the Vanguard Mid-Cap Value ETF, one of the largest and most popular mid-cap funds in the U.S. equity space.
RELATED TERMS
  1. Equity

    The value of an asset less the value of all liabilities on that ...
  2. Hard-To-Sell Asset

    An asset that is extremely difficult to dispose of either due ...
  3. Sucker Yield

    When an investor has essentially risked all of his capital for ...
  4. PT (Perseroan Terbatas)

    An acronym for Perseroan Terbatas, which is Limited Liability ...
  5. Ltd. (Limited)

    An abbreviation of "limited," Ltd. is a suffix that ...
  6. BHD (Berhad)

    The suffix Bhd. is an abbreviation of a Malay word "berhad," ...
RELATED FAQS
  1. How do dividends affect retained earnings?

    When a company issues a cash dividend to its shareholders, the retained earnings listed on the balance sheet are reduced ... Read Full Answer >>
  2. What is the difference between called-up share capital and paid-up share capital?

    The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
  3. Why would a corporation issue convertible bonds?

    A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
  4. How does additional paid in capital affect retained earnings?

    Both additional paid-in capital and retained earnings are entries under the shareholders' equity section of a company's balance ... Read Full Answer >>
  5. What types of capital are not considered share capital?

    The money a business uses to fund operations or growth is called capital, and there are a number of capital sources available. ... Read Full Answer >>
  6. What is the difference between issued share capital and subscribed share capital?

    The difference between subscribed share capital and issued share capital is the former relates to the amount of stock for ... Read Full Answer >>

You May Also Like

COMPANIES IN THIS ARTICLE
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!