Hedge Funds Love These 5 Rallying BRIC Stocks

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 |  Includes: CEDU, ERJ, JOBS, NTES, VNET
by: Kapitall

Do you like the potential growth prospects that emerging markets can offer? For ideas on how to invest with this idea, we ran a screen you may be interested in.

We screened US-traded stocks from the BRIC countries (Brazil, Russia, India, and China) for those that have been rallying above their 20-day, 50-day, and 200-day moving averages. We then screened these names for those with the most significant net institutional buying over the current quarter, indicating institutional investors such as hedge fund managers expect these names to outperform.

‪Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these names are poised to outperform? Use this list as a starting point for your own analysis.

1. ChinaEdu Corporation (NASDAQ:CEDU): Provides educational services to the online degree programs of universities in the People's Republic of China. The stock is rallying 5.62% above its 20-day moving average, 6.58% above its 50-day MA, and 4.87% above its 200-day MA. Net institutional purchases in the current quarter at 437.6K shares, which represents about 4.61% of the company's float of 9.50M shares.

2. Embraer SA (NYSE:ERJ): Engages in the development, production, and sale of jet and turboprop aircraft for civil and defense aviation markets. Brazil. The stock is rallying 6.13% above its 20-day moving average, 13.95% above its 50-day MA, and 12.09% above its 200-day MA. Net institutional purchases in the current quarter at 10.2M shares, which represents about 5.98% of the company's float of 170.53M shares.

3. 51job Inc. (NASDAQ:JOBS): Provides integrated human resource services primarily in the People's Republic of China. The stock is rallying 11.58% above its 20-day moving average, 15.52% above its 50-day MA, and 1.55% above its 200-day MA. Net institutional purchases in the current quarter at 1.1M shares, which represents about 12.24% of the company's float of 8.99M shares.

4. NetEase.com, Inc. (NASDAQ:NTES): Engages in the development of applications, services, and other technologies for the Internet in China. The stock is rallying 1.17% above its 20-day moving average, 5.11% above its 50-day MA, and 7.52% above its 200-day MA. Net institutional purchases in the current quarter at 4.6M shares, which represents about 7.07% of the company's float of 65.03M shares.

5. 21Vianet Group Inc. (NASDAQ:VNET): Provides carrier-neutral Internet data center services in China. The stock is rallying 7.60% above its 20-day moving average, 18.32% above its 50-day MA, and 10.15% above its 200-day MA. Net institutional purchases in the current quarter at 3.2M shares, which represents about 9.08% of the company's float of 35.24M shares.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.