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Despite the economic problems Europe is facing, there will always be companies that outperform their peers. For ideas on how to look into US-traded stocks of European companies, we ran a screen you may be interested in.

We screened US-traded stocks of companies based in Europe for those with significant net institutional purchases over the current quarter, indicating institutional investors such as hedge fund managers expect these names to outperform.

We then screened for those with strong sales trends. One way to do that is by comparing growth in revenue to growth in accounts receivable. Companies with rising revenues and falling receivables may be in a stronger sales position.

We screened for stocks with growth in revenue outpacing growth in accounts receivable year-over-year, as well as receivables decreasing as a portion of current assets.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these names will survive the storm? Use this list as a starting point for your own analysis.

1. Adecoagro S.A. (NYSE:AGRO): Operates as an agricultural company in South America. Net institutional purchases in the current quarter at 11.8M shares, which represents about 25.67% of the company's float of 45.96M shares. Revenue grew by 95.24% during the most recent quarter ($209.63M vs. $107.37M y/y). Accounts receivable grew by 49.8% during the same time period ($118.88M vs. $79.36M y/y). Receivables, as a percentage of current assets, decreased from 27.38% to 18.14% during the most recent quarter (comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30).

2. Tornier N.V. (NASDAQ:TRNX): Operates as a medical device company that designs, manufactures, and markets devices for joint replacement and soft tissue repair that enable surgical specialists to improve patients' lives by restoring motion and physical vitality. Net institutional purchases in the current quarter at 675.9K shares, which represents about 5.44% of the company's float of 12.42M shares. Revenue grew by 15.79% during the most recent quarter ($57.56M vs. $49.71M y/y). Accounts receivable grew by 2.42% during the same time period ($42.7M vs. $41.69M y/y). Receivables, as a percentage of current assets, decreased from 24.07% to 20.93% during the most recent quarter (comparing 13 weeks ending 2011-10-02 to 13 weeks ending 2010-10-03).

3. Velti Plc (VELT): Provides mobile marketing and advertising solutions for mobile operators, ad agencies, brands, and media groups. Net institutional purchases in the current quarter at 5.6M shares, which represents about 10.87% of the company's float of 51.53M shares. Revenue grew by 85.21% during the most recent quarter ($38.19M vs. $20.62M y/y). Accounts receivable grew by 69.78% during the same time period ($126.71M vs. $74.63M y/y). Receivables, as a percentage of current assets, decreased from 73.45% to 44.17% during the most recent quarter (comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 3 European Hedge Fund Stock Picks With Encouraging Receivable Trends