Navellier Growth: your source for market-beating growth stocks

I'm thinking of a place where consumer confidence is sky high and stock prices are soaring. Since 2002, the number of investors here has grown by 15-fold. On the streets, the stock market has become the #1 topic of conversation and nearly everyone has an opinion. A country-wide market mania celebration is going on right this very moment.

So what country am I talking about?

Kenya.

That's right, Kenya. The Washington Post reports:

Stock market fever is sweeping Kenya and other sub-Saharan African countries such as Tanzania, Uganda, Nigeria and Zambia, where stock exchanges, along with national economies, have shown steady gains in recent years as people who have traditionally invested in cows or land are learning to trust in the abstraction of corporate shares.

It's not just Africa. The economy is surging all over the world. In fact, the U.S. economy is probably the global laggard—and the U.S. government just revised Q2 GDP growth 4% higher. Compare that to China where the economy has been growing over 10% for several years now, and you can see where a flood of money has headed.

Treasury Secretary Hank Paulson recently said, "This is far and away the strongest global economy I've seen in my business lifetime." Fortune went a step further and declared the world economy to be experiencing, "The greatest economic boom ever."

What we're seeing right now is an incredible transformation. Free trade and relaxed government regulations have helped spur an unprecedented level of economic activity. The difficulty for individual investors, however, is finding the best ways to profit from a brand-new world of opportunities.

That's where my Global Growth investing service comes to the rescue. The goal of Global Growth has always been to bring my award-winning investing track record to the rising sector of global investing. I'm always expanding our money-making horizons to find the best places on the globe for profit-taking. 

I started Global Growth exactly two years ago, and I have to be honest: People thought I was nuts at first. The dollar was strong, the Dow was climbing and the good times were rolling at home. Why bother going abroad?

Call me a fortune teller if you will, but now investors are finally beginning to understand my methods of so-called madness. It seems the worse things are in the U.S., the better they get "over there." Five years ago, you could have picked up shares of the Brazil ETF (EWZ) for less than $6. Today those shares fetch $60. Even little Austria has seen its ETF (EWO) rocket from $7 to $36. That certainly beats any U.S.-based index!

As hot as those investments have been, my favorite Global Growth recommendations are even hotter. For example, Chalco (ACH), the Chinese aluminum company, is one of my top-rated China stocks. Its shares have surged 82% over the last nine trading sessions.  Since August 16, China Southern Airlines (ZNH) is up over 60%! Earlier this year we took profits of 187.89% in China Life Insurance (LFC). As you can see, subscribers and I have been quietly picking up gem after gem in the Chinese market.

But the biggest story in China isn't aluminum or airlines, its coal. China used to be a net exporter of coal. Not anymore. The demand for energy is so strong that today China consumes more coal than Europe, Japan and the United States combined.

So how do you invest in China's booming demand for coal? Easy, go to Greece! Specifically, one of the favorite dry-bulk shippers is Athens-based Excel Maritime Carriers (EXM), also located on my Global Growth Buy List.

Why go to Greece for Chinese coal? Here's the story: Half of the dry-bulk trade is made up of two items, iron ore and coal. China's insatiable demand for coal has in turn caused a huge demand for coal transportation. Plus, India and the Philippines have put export taxes on their coal reserves so now China has turned to coal producers in North and South America. In other words, that means longer shipping routes which leads to more money for the carriers.

Excel has a fleet of 16 carriers and trust me, these boats aren't cheap. It can cost as much as $58,000 a day to use one of Excel's ships, and costs are rising. There simply aren't enough ships to go around so almost every ship is a goldmine. It's no surprise that Excel has been churning out the profits. For the second quarter, Excel's earnings tripled to 69 cents a share. That beat Wall Street's estimate by 12 cents a share. Sales surged 40% to $37 million. Charter rates are up 43% from a year ago.

What I really like about Excel is that it has a cash reserve of $110 million. The company recently bought two more carriers, which will expand its fleet by 108,773 deadweight tons. This is one of the best ways to invest in China's growing demand for more coal and other commodities. I currently rate EXM as a Strong Buy up to $41.19 a share.

Remember to keep an eye out for your next "What's Working on Wall Street Now" because I'm sure to have some very interesting news for you. Tomorrow, the Commerce Department will release a report on personal income for July. This will also contain a report on core PCE, which is the Federal Reserve's favorite inflation measure. If inflation continues to be benign, then we can almost certainly expect Bernanke & Co. to cut rates in September.

While the Fed will be spending its Labor Day weekend in Jackson Hole, Wyoming, one of the most beautiful spots on the planet. I'll be happily spending Labor Day with my family in Florida. I hope you have a happy and safe Labor Day weekend.

Sincerely,

Louis Navellier