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A European Foursome

12/09/2005 12:00 am EST


Louis Navellier

Editor, Growth Investor, Breakthrough Stocks & Accelerated Profits

Louis Navellier has compiled the top long-term performance record in the advisory field, and with the launch of his Global Growth newsletter, he extends his time-proven skills to the global arena. Here, he looks at Russia, the UK, and other European favorites.

"Tatneft (TNT NYSE) is one of Russia's largest integrated oil and gas companies. It currently has about six billion barrels of proved crude oil reserves and accounts for about 8% of Russia's total oil production. It also has proved reserves of 1.5 trillion cubic feet of natural gas. The Tatar government owns a third of Tatneft, which has formed its first joint venture to develop fields outside Tatarstan (which is a republic in Russia, about 600 miles south of Moscow.) Thanks to the company's Western alliances and technology, it will likely discover more oil and gas reserves. We caution that this stock is more volatile than many stocks on our Buy List, so please don't overweight this new buy.

"Royal & Sun Alliance Insurance Group PLC (RSA NYSE) is one of Britain's largest insurance companies, covering everything from pets to palaces. The company has vast worldwide operations in more than 30 countries. Although the company focuses predominately on commercial insurance, it also offers personal auto, home and life insurance. Royal also offers individual and pooled investment products in the United Kingdom. The stock has been appreciating steadily from persistent institutional buying pressure.

"ABB Ltd. (ABB NYSE) is based in Zurich, Switzerland. The initials stand for Asea Brown Boveri. The company was one of the first to market alternating current technologies in the 1890s. The power technologies unit provides the power supply industry with equipment and services for transmission, distribution and automation. The automation unit offers equipment used to monitor and control processes in plants and utilities. The company has undergone extensive restructuring to focus on these two core business units, and that has resulted in outstanding earnings increases. ABB's third-quarter earnings rose to 9 cents per share, a near-double from the 5 cents in the same quarter one year ago. Sales rose 13% to $5.65 billion due to operational improvements and improving business in its key markets.

"Tenaris S.A. (TS NYSE) is a steel pipe maker. It has its corporate headquarters in Luxembourg, but its fastest-growing markets are in Latin America. Argentine stocks were down last week on inflation worries. Argentina's President Nestor Kirchner has been talking down inflation by making price-leveling deals with some companies, or by accusing recalcitrant sectors of hiking prices. Investors are worried that the combination of rising costs and de facto price controls will have a negative effect on corporate earnings. However, this steel stock has bucked that trend, and has been one of the few strongly rising stocks on the Argentine exchange."

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