Chinese telecom stocks are up 6.5% in the past month. The best performing stocks in the sector are China Unicom (Hong Kong) Limited, (NYSE: CHU) up 13.1%, Chunghwa Telecom Co. Ltd., (NYSE: CHT) up 5.4%, and China Mobile Limited, (NYSE: CHL) up 5.4%.

Chinese solar stocks are up 6.4% in the past month. The best performing stocks in the sector are Yingli Green Energy Holding Co. Ltd., (NYSE: YGE) up 24.9%, ReneSola Ltd., (NYSE: SOL) up 16.4% and Trina Solar Ltd., (NYSE: TSL) up 12.8%.

Oil and gas pipeline stocks are up 5.8% in the past month. The best performing stocks in the sector are Buckeye GP Holdings L.P., (NYSE: BGH) up 26.5%, Copano Energy LLC, (NASDAQ: CPNO) up 12.4%, and Targa Resources Partners LP, (NYSE: NGLS)

-24/7 Wall St.

• Dick’s Sporting Goods (DKS) Raised to Outperform at Baird.
• IDEXX Laboratories (IDXX) Started as Buy at Piper Jaffray.
• Mastercard (MA) Raised to Buy at Goldman Sachs.

• Wipro (WIT) Raised to Neutral at Goldman Sachs.
• Affiliated Computer Services (ACS) Cut to Neutral at Goldman Sachs.
• Automatic Data Processing (ADP) Cut to Neutral at Goldman Sachs.
• Chunghwa Telecom Co. Ltd. (CHT) Cut to Neutral at Goldman Sachs.
• Focus Media (FMCN) kept as Buy but Target cut to $59 from $80 at Citigroup.
• Nortel (NT) Started as Sector Perform at CIBC.
• Patni Computer Systems (PTI) Cut to Sell at Goldman Sachs.
• Total System Services (TSS) Cut to Sell at Goldman Sachs.

Jon C. Ogg
August 19, 2008