Mexico’s Cemex (NYSE: CX) has lost 75% of its value in one year. But emerging markets expert Irwin Greenstein says the company is like the IBM of cement. And a new public-works stimulus package from the government should breath new life into business activities. Irwin says Cemex is approaching the bottom… and could soon become a great contrarian buy

China has established itself as an emerging market powerhouse in the last decade. It continues to post double-digit growth rates, even as the US and Europe slip into recession. But Irwin Greenstein says it could be about to hit a Great Wall. Conventional wisdom has it that China is relatively immune from a global slowdown because of its growing domestic market. The problem with this theory is that many Chinese consumers have lost their shirt on the tanking domestic stock market.

Brazilian metals and mining company Vale (NYSE:RIO) has canceled its iron ore shipments to China until the country’s steelmakers cough up more dough. But China has other ideas. Vale may find its products aren’t as vital as it originally thought, says Stephanie Grimmett.

Bailout fever is spreading. China is now considering a bailout of exporters. According to China Daily, Chinese exporters are suffering mightily as the global economy weakens. This is a clear indicator that the Chinese economy could be heading for trouble, says Irwin Greenstein, writing for Contrarian Profits.

In yesterday’s Hidden Value newsletter, Andrew Snyder recommended three Russian stocks oversold in the recent market crash. One of those - Rostelecom (NYSE:ROS) - has already made over 35% gains. Andrew says its a good time to book these profits, but recommends readers continue to hold his other Russian picks: Mechel OAO (NYSE:MTL) and Vimpel Communications (NYSE:VIP).