Today we are featuring top-performing "European" equity mutual funds, which primarily invest in equity securities of companies based in Europe.

Investors can find such funds by checking out the entire list of Zacks #1 Rank European Equity Funds.

3 Solid Samples

ING European Real Estate Fund A (IAERX) seeks to provide investors with high total return, consisting of capital appreciation and current income. It was incepted in November 2007.

The fund normally invests at least 80% of net assets in a portfolio of equity securities of real estate companies located in Europe. The fund may invest in convertible securities, initial public offering and depositary receipts.

The fund has an expense ratio of 1.75%. As of July 2009, it has a portfolio turnover of 166%.

Steven D. Burton has been lead manager of the fund since November 2007. Burton is a managing director at ING and has 24 years investment experience.

T. Rowe Price European Stock

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View Systems Inc., a security and teledata solutions provider, announced today an initial order for 40 ViewScan units from Belcom, a company based in Dubai, the United Arab Emirates (UAE). Belcom, which conducts business in the Middle East, North Africa and Central Asia, is one of the fastest growing telecom, IT, and security services firms in the Middle East. It is also a dealer for and business partner of View Systems.

The company’s ViewScan product is fast becoming the choice screening system, both domestically and internationally. It’s a computer-based system that can scan up to 1200 people per hour. As a person passes through the portal, a photograph is taken and stored on the laptop computer that comes with the unit. “Threat” objects are visually located on the computer screen and an audible alert can easily be set to sound.

The company is currently procuring the parts necessary to build more than

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Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Thursday October 22, 2009

DrStockPick.com Stock Report!

AQNM, WMT, PSFT, APA, PWRM, NOC, CSRH, IP, CVAT, CVX

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WMT, Wal-Mart Stores Inc.

WMT operates retail stores in various formats worldwide.

WMT today presented its global plans for store and club growth next year at its annual conference for the investment community and updated its projections for capital expenditures through the fiscal year ending on Jan. 31, 2011.

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PSFT, Powersafe Technology Corp., PSFT.PK

Powersafe Technology Corp.’s (Other OTC: PSFT.PK) Subsidiary Amplification Technologies has just patented a revolutionary solution for low-level signal detection: multichannel Discrete Amplification (DA).

DA photodetectors could function in both analog and photon counting modes. The

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Occidental Petroleum Corporation (OXY) posted better-than-expected numbers for the third quarter of 2009 based on higher sales volumes and lower operating expenses.

Net income from continuing operations was $1.14 per share, higher than the Zacks Consensus Estimate of $1.08. However, net income in the quarter was lower than the $2.77 per share reported in the same period last year.

Daily oil and gas sales volumes increased 6.8%, averaging 628,000 barrels of oil equivalent (BOE) during the reported quarter, compared with 588,000 BOE sold in the third quarter of 2008. Volumes increased by approximately 6% domestically, mainly from California and the Permian, and by about 15% in the Middle East/North Africa, largely in Oman and Dolphin. This was offset by a 6% decline in Latin America, mostly due to a labor strike in Argentina. Increased California volumes resulted largely from the new exploration discoveries in Kern County.

Revenue decreased 41.9% to $4,104

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Early today, Weatherford International Ltd. (WFT) reported weaker-than-expected third-quarter 2009 recurring earnings of 13 cents per diluted share, compared to the Zacks Consensus Estimate of 13 cents and year-ago earnings of 55 cents. The year-over-year decrease primarily reflects the sharp drop in North American revenue on the back of 52% lower rig count. We have adjusted the reported earnings of 11 cents per share for one-time charges (mainly expenses associated with Weatherford’s withdrawal from some countries and severance costs related to restructuring activities) of 2 cents per share. Total revenue declined more than 15% year-over-year to $2.15 billion. Of this, North America, Middle East/North Africa/Asia, Latin America and Europe/West Africa/CIS segments accounted for 29%, 28%, 24% and 19%, respectively. North American revenue decreased 47% year-over-year to $620 million on the back of a 52% lower rig count. This segment posted an operating income of $33 ...

Siemens AG (SI) is set to acquire the solar thermal power company Solel Solar Systems Ltd. To date, the majority stake has been held by Ecofin Ltd., a London-based investment firm, and another major shareholder. The purchase price is about $418 million (currently equivalent to around €284 million). The transaction is subject to approval by the responsible authorities. It is anticipated that the closing will take place before the end of this calendar year. Solel is a successful company in the future-oriented solar power sector, with decades of experience in the development and manufacture of solar field equipment and the planning and construction of solar fields. Since 2006, Solel has also been present on the Spanish market, supplying key components for 15 solar thermal power plants with a combined capacity of 750 megawatts. In addition, the company is also active on the important U.S. market....

Acxiom Corporation (ACXM) recently announced that it has acquired DMS (Direct Marketing Services), a premier provider of direct marketing services in the Middle East-North Africa (MENA) market.  This acquisition will enable Acxiom to enter the markets of Saudi Arabia and United Arab Emirates. The company plans to service its current global partners who plan to expand in the Middle East as well as regional marketers in that region.  The new Acxiom MENA organization will serve global and regional clientele from offices in Jeddah and Dubai. The operation will be led by DMS Managing Director Yousef Hamidaddin, who becomes CEO of Acxiom MENA.  Other terms of the deal were not disclosed.  Acxiom Corporation integrates data, services and technology to create and deliver customer and information management solutions for companies. Acxiom has a customer base that includes firms in the financial services, insurance, information services, and ...

NEW YORK, Sept. 3, 2009 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), a leading developer of advanced communication technologies designed to improve connectivity, productivity, and communication, today announced it has signed a Value Added Reseller agreement with Globalstar, Inc., (Nasdaq:GSAT), a world leader in providing mobile satellite voice and data services to business, governments and consumers.

TIE Technologies plans to integrate the coverage and service offered by the Globalstar Simplex data network into its virtual gateway, providing worldwide data communications and specific asset tracking solutions. These solutions will allow customers to track their assets using the Globalstar satellite network and TIE’s Point B Telematics software.

The Globalstar Simplex data offering is an affordable and highly reliable one-way satellite data service that permits customers to use satellite modems and integrated back office management solutions to track mobile assets — such as vehicles, trailers, cargo containers and maritime vessels, using

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Government-owned National Bank of Abu Dhabi (NBAD), the nation’s second-largest bank by assets and largest by market value, was ranked among the 50 safest banks in the world in 2009, per Global Finance. The annual ratings compare the long-term credit ratings and total assets of the 500 largest banks around the world.  This on the heels of a second-quarter profit fall of 9.3% from a year ago (though net profits were up 17.7% from the first quarter).

Earlier this month NBAD formally announced its intentions to not only double its operations in Egypt, but also to expand into the “fast-growing” Indian market.  Earlier this year, the government-owned bank set up a representative office in Libya, with the aim of strengthening its presence in that country and North Africa.  And sources also suggested last month that the bank, which already has three outlets in Sudan, plans to be one

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It’s become widely accepted when talking about emerging economies to focus on the so-called BRIC countries - Brazil, Russia, India and China. But there is a very important region that gets lost in that discussion.

And it’s a region that holds the key to growth opportunities that could eclipse the growth in the BRIC countries.

In fact, this region collectively has a bigger economy than Brazil, Russia or India already. And in terms of growth, it is growing faster than any of these countries. In terms of population, it’s bigger than the U.S. and nearly as populous the EU. It holds 60% of the world’s proven oil reserves and nearly half of its natural gas.

That last clue probably gives it away. I’m talking about the Middle East and North Africa, or MENA.

Among its largest economies are Saudi Arabia and the United Arab Emirates.

In one of my presentations at Agora Financial’s 10th Annual

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