Set Your Sights on Sweden

I'd bet that few Americans could point to Sweden on a map, let alone name a Swedish stock -- maybe LM Ericsson (ERICY Quote) or Volvo (VOLVY Quote), though even fewer would know that Volvo has sold its car business to Ford and is now primarily a maker of trucks and buses.

Nonetheless, the country is home to a number of dynamic companies and I believe it will be an excellent investment destination over the next year or two. Its GDP growth has been very good for the last couple of years and it looks like the Swedish krona could rise substantially against the dollar.

Through the third quarter, Sweden's GDP was growing at a 3.4% annual rate, well above the 1.3% growth rate for the euro-zone economy. Sweden's unemployment rate, at about 5%, is also much lower than most of the continent's unemployment rate. ...