This Ikea of specialty retail is quite a phenomenon. In Pasadena, CA, lines of twenty and thirty somethings run out around the store. The company trades on pink sheets under the ticker HMRZF but this should not prevent investors from buying. H&M employs over 60,000 people to operate over 1400 stores in 28 countries, yet only 118 of these stores are in the US, primarily on the east coast. The company has big plans for expansion towards the west in both US and Canada, and recently opened 2 stores in China, and 1 in Hong Kong. With Kylie Minogue as their icon for new swimwear, Australia is probably just around the corner. The company's philosophy is to provide fashion and quality at the best price and they are able to do that by using independent suppliers in Asia and Europe rather than running its own factories. Additionally, its biggest market, Germany, is the fastest growing non-emerging market in Europe. Back in March, I briefly mentioned this stock. Since then it is up approximately 15%. Another 15% this year would not be out of the question.

This Brazilian jet maker (ERJ) is up over 25% in 9 months since I recommended it last August. With new orders rolling in every day, specially from private jet companies, the company has a record number of units on order. At 12 times earnings, I like this company for its lower cost and increased travel in Latin and South American markets.

I first blogged about this stock back in January when it was under $32. Since then, on the heels of 40-50% growth and intense Wii and DS demand, the stock (NTDOY) has run up almost 30%. I still like this stock as Wii consoles are still hard to find and new titles are being released regularly.

My case for water stocks now is even more compelling now than it was last year when I called water the next oil and with exposure to over 50 countries, a significant presence in developing countries like China, and clean water's supply-demand conundrum, Veolia (VE) is poised to do well over the long run. The stock has had a very pleasant run over the last 12 months, with gains of about 60%, but clean drinking water remains a problem that will become worse every year.

Sasol is a lesser known energy giant, which has developed world-leading technology for the commercial production of synthetic fuels and chemicals from low-grade coal as well as the conversion of natural gas to environment-friendly fuels and chemicals. Along with oil and natural gas, the company also produces diesel and liquid gas. Headquartered in South Africa, SSL has access to the growing Africa markets, and maintains a steady presence in Europe, Asia and Australia. Currently, the stock trades at less than 10 times earnings, and offers a $2.50 dividend. The company has a dominant position in the business of converting coal to gas and is one of the few players that can do it well. With coal in abundance (and Sasol owns coal reserves all over Africa), the process of using coal for gas is a fruitful and profitable venture with a bright future. Apparently, SSL's management thinks so because the company recently bought back 1.2% of their outstanding shares at under $33 per share as part of a 3% share re-purchase program. The stock is down 10% from a recent high of around $39.50 due to some problems at their Oryx GTL (gas-to-liquid) plant in Qatar, but these issues will be fixed soon. According to Motley Fool: In 2006, Sasol pulled in roughly $2 billion in net income from continuing operations on roughly $10 billion in revenues. The company, which operates in 30 countries and recently opened offices in China and India, sees its patented gas-to-liquid (GTL) and coal-to-liquid (CTL) technologies as a potentially huge driver of long-term growth. The CTL technology, in particular, could catch on in the U.S. given our vast coal deposits, growing desire for energy independence, and sustained high energy prices. Sasol has been in talks with at least two U.S. governors of coal-rich states who have expressed an interest in Sasol's patented CTL technologies. Should the technology gain traction in the U.S., Sasol's shareholders would likely be richly rewarded. In addition, Sasol has an enviable return on equity of greater than 27% and a PEG ratio of 0.7. The stock is a buy at these levels.

NICE is a defense company that specializes in video surveillance for land security, along with analytics and software tools for security. It is a relatively small cap stock, with no debt and is growing revenue and EPS at 32% and 23% respectively.

If you believe that Turkey will be added to the EU at some point over the next few years, and democracy will prevail, TKC is definitely for you. If not, TKC is still a good bet. The wireless telecommunications providers serves over 31 million customers and grew earnings 45% in its most recent quarter. With strong cash flow, a PEG ratio just under 1, and returns on equity at 25%, TKC is currently valued at a mere 11 times earnings. Buy!

In their most recently announced fourth quarter this Indian generic drug maker (RDY) reversed losses from a year ago by posting $75 million in earnings on revenues of $361 million, which itself is twice the amount of revenues from their 4th quarter last year. Increase in overseas market sales was the primary contributor to their earnings growth. On the heels of the earnings report, JP Morgan upgraded the stock to neutral from underweight. The company did forecast lower earnings for the next fiscal year, due to some one-time gains this year, but new products should help the company's earnings going forward.