It took time for the Street to digest internet and online game related news from last week. Shares of Shanda Interactive (NASDAQ:SNDA) collapsed exactly one week ago following earnings release. But as more earnings rolled in, investors realized that Shanda's numbers were not as bad as initially thought. Revenues increased and the lack of earnings growth from last quarter measured well compared to the rest of the sector - Giant Interactive (NYSE:GA) or Perfect World (NASDAQ:PWRD). For this reason  - besides being oversold -we picked Shanda Interactive (NASDAQ:SNDA) for the Weekly Stock List; and so far Advanced members are up +2.53% since Friday. We're of a view that more upside is on the road this week for SNDA.

Best & worst Chinese stocks on Monday at 12:34, sorted by $ change

Chinese internet stocks are shining today thanks to strong earnings from Sina Corp. (NASDAQ:SINA) last week. Revenue outlook from online advertisement looks promising in China, fueling share prices of online portals like Sohu.com (NASDAQ:SOHU) and Sina SCorp. (NASDAQ:SINA). Another evidence that online ad revenues are strong was evidenced by earnings from NetEase.com Inc. (NASDAQ:NTES), an online game developer and operator with a significant online ad presence. Had it not been for increased ad revenue, NEtEase.com (NASDAQ:NTES) would have reported profit slow down similar to Shanda Interactive (NASDAQ:SNDA).

Shares of Baidu.com (NASDAQ:BIDU) have advanced the most since her share price broke through the $500 mark. Baidu.com (NASDAQ:BIDU) is not overbought yet - according to the overbought monitor this morning - suggesting more upside is possible.

Shares of Chinese oil companies rose on Monday as the price of oil hit a record $82 dollars. Petrochina (NYSE:PTR), the largest Chinese oil producer, advanced $1.58 or +1.56% followed closely by CNOOC Ltd. (NYSE:CEO). Oil related Sinopec Shanghai Petrochemical (NYSE:SHI) jumped right at the open following profit related news. Related coverage: Chairman Sinopec Shanghai Petchem did not disclose the annual profit for year 2009.

There has been a lot of fuel behind China Automotive Systems (NASDAQ:CAAS) in the past, making this stock one of the most volatile among Chinese ADRs. But its hard to argue that auto companies are sloppy investment when auto sales soar in China. Policy makers in Beijing signaled today that that the stimulus exit will be gradual as trade surplus shrank, raising hopes that government stimuli to spur auto sales growth will stay in place for the first half of 2010.

Shares of City Telecom (NASDAQ:CTEL) are up +6.2% so far today - with no end in sight. Shares of the company advanced a staggering +544% in the past 52 weeks, making investors to wonder where the ceiling might just be. Chinavestor Growth portfolios benefited from part of this surge last year as we picked CTEL for the Growth portfolios for a couple of months.

Shares of Chinese solar makers are under water for today so far after soft earnings from Yingli Green Energy (NYSE:YGE) poured water over the head of overheated investors. While revenues and PV shipments rose the company reported a net loss for the last quarter of 2010, rattling nerves of investors if the sector's recovery is for real or not. But we're of a view that current sell-off is not justified because "The real reason that the company is in the red IS NOT SECTOR SPECIFIC!" Related coverage: Solar sector softens as YGE earnings sour.

March 8, 2010 (Chinavestor) The following Chinese companies are scheduled to report financial results for the fourth quarter ended December 31, 2010 during the week starting March 8.

Selected key companies:

• Yingli Green Energy (NYSE:YGE) is the first solar company to report this week. So far we have seen better than expected results from major solar companies, raising hopes that the solar sector recovery is for real. Related story: Better believe it: solar stocks recover.
• More solar earnings are on the way. ReneSolar Ltd. (NYSE:SOL) and China Sunergy (NASDAQ:CSUN) are going to report later the week.
• E-House Holdings (NYSE:EJ) is a highly visible stock reporting earnings on March 9 before the open.
• Acorn International (NYSE:ATV) appeared regularly on the overbought screen suggesting ATV is a highly volatile stock. With earnings around the corner, this stock is for investors with high risk tolerance.