Each of these stocks traded to 52-week lows or year-to-date lows on Friday, so the earnings bar has been lowered significantly after the market declines of the past two weeks.
Yeartodate, the Wisdom Tree India Earnings (EPI) exchange traded fund is up 10.06 percent, beating the iShares MSCI Emerging Markets (EEM) ETF, up 7.21 percent.
When I turn to year-to-date performers a distinct pattern emerges which is concentrated in companies with leveraged earnings power that sell at low valuations.