"The Chinese Dragon strikes again," says small cap expert Jim Oberweis, Jr., adding, "So far in 2009, the MSCI China Index is up 30% and our Oberweis China Opportunities Fund (OBCHX) has gained 62%."

In his The Oberweis Report, he says, "China will be a great place to invest over the medium-to-long term, even if unpredictable in the short term."

Here, the advisor and money manager reveals four stocks that he considers "some of the most interesting Chinese ADRs to buy now: E-House (NYSE: EJ), Asia Info Holdings (NASDAQ: ASIA), New Oriental Education (NYSE: EDU), and Longtop Financial (NYSE: LFT).

Analyst upgrades:

• Deutsche Bank upgraded shares of UBS (NYSE: UBS) to Buy from Hold following the company's Q3 update as they believe the quarter marks a turning point.
• Merill raised BP Plc (NYSE: BP) and Total SA (NYSE: TOT) to Neutral from Underperform.
• DISH Network (NASDAQ: DISH) was lifted to Hold from Sell at Soleil.
  
• Friedman Billings upgraded Sovereign Bancorp (NYSE: SOV) to Market Perform from Underperform as they believe the company's deposits are showing stability despite the massive sell-off.
  
• Kaufman Bros. raised Longtop Financial (NYSE: LFT) to Buy from Hold on valuation as they believe Chinese software service stocks now reflect the investment risks.
• Lear (NYSE: LEA) was upgraded to Hold from Sell at Citigroup.

Analyst downgrades:

• Morgan Stanley downgraded eBay (NASDAQ: EBAY) to Equal Weight from Overweight citing checks that indicate deteriorating trends are worst than expected.
  
• Juniper (NASDAQ: JNPR) and Pediatrix Medical (NYSE: PDX) were downgraded to Market Perform from Outperform at Morgan Keegan.
  
• Merrill cut StatoilHydro (NYSE: STO) to Underperform from Neutral.
  
• HSBC (NYSE: HBC) was lowered to Market Perform from Outperform at Keefe Bruyette.

MOST NOTEWORTHY: SonicWALL, DG FastChannel and Thomson Reuters were today's noteworthy initiations:

• B. Riley believes SonicWALL's (NASDAQ: SNWL) long-term outlook should benefit as the company specifically targets the SMB IT security market and is increasing its focus on the Asian and Latin American markets. Shares were initiated with a Buy rating and $14 target.
  
• Merriman started DG FastChannel (NASDAQ: DGIT) with a Buy rating and believes the recent closing of the Vyvx acquisition and anticipated closing of the Enliven acquisition could create positive catalysts for the stock.
  
• Citigroup assumed Thomson Reuters (NASDAQ: TRIN) with a Hold rating. The firm finds the valuation full at current levels and prefers to wait for a better entry point.

OTHER INITIATIONS:

• Ameristar Casinos (NASDAQ: ASCA) was initiated with an Overweight rating and $26 target at Thomas Weisel.
  
• William Blair assumed Intuitive Surgical (NASDAQ: ISRG) with an Outperform rating.
  
• Longtop Financial (NYSE: LFT) was started at Oppenheimer with an Outperform rating and $25 target.

MOST NOTEWORTHY: Longtop Financial, Royal Bank of Scotland and W-H Energy Services were today's noteworthy initiations:

• Jefferies initiated Longtop Financial (NYSE:LFT) with a Buy rating and $29 target, as they expect strong earnings growth over the next several years from an acceleration in P&L performance and the company's attractive secular demand backdrop.
  
• Morgan Stanley resumed coverage of Royal Bank of Scotland (NYSE:RBS) with an Underweight rating, as they believe investors will begin to question the sustainability of the company's dividend as earnings fall.
  
• Oppenheimer views the outlook for W-H Energy Services (NYSE:WHQ) as compelling given its geographic expansion, international growth prospects, technological focus, and strong balance sheet. The firm started shares with a Buy rating and $73 target..

OTHER INITIATIONS:

• HSBC initiated Diageo (NYSE:DEO) with an Overweight rating.
  
• Banc of America resumed coverage of the softlines retailing sector, starting shares of Urban Outfitters (NASDAQ:URBN) and Pacific Sunwear (NADAQ:PSUN) with Buy ratings and a $32 target and $20 target, and Aeropostale (NYSE:ARO) with a Neutral rating.