With Marc Faber making the rounds and predicting that the US$ will go to zero, this week's screen for foreign stocks seems particularly timely. Unfortunately, investors looking to make a move now must contend with a very weak dollar, which makes overseas stocks more expensive. The specific criteria I used are listed below:

• (Domestic / Foreign = Foreign)
• (Current Year Free Cash Flow > 0)
• (Exchange not = OTC)
• (Dividend Yield % > 3)
• (Return on Assets % – Trailing 12 Months >= 15)

View complete results of the screen here in table format.

The complete list of Brazil ADRs traded on U.S. exchanges is listed below:

MarketWatch recently had an interesting piece on contrarian investment strategies, highlighting the fact that many of the contrarian managers who were hit hard last year are now netting some strong bounce-back gains.

"As the market has bounced back in recent weeks, [several] contrarian-style funds, with their bargain-minded ways, have been outperforming," writes MarketWatch's Sam Mamudi, discussing well-known contrarian managers like David Dreman, Bill Miller, and Marty Whitman.

At the end of each week, our market direction radar scans the Hillbent 3000 universe (minimum average daily volume of 100k and largest 3000 market capitalization stocks) for the top 3 and bottom 3 sectors based upon aggregate performance and analyzes their winners and losers.

Using this weekly sector report on a regular basis allows Hillbent.com’s readers to efficiently monitor sector rotations and investor sentiment biases.

Brazil is a lot like a person who gets a new job, pays off some of his debts, and has his credit score upgraded.

In pretty short order, all the charge-card companies boost his credit limits, cut the interest rates he’s paying on his outstanding balances, offer him new credit lines - and even make him eligible for various “rewards” programs that give him all sorts of freebies for spending money.

Last month, I wrote about Brazilian Financial Stocks and Brazilian Chemical, Energy and Mining Stocks. The fast growing country of Brazil has several telecommunications companies which are publicly traded, mostly on the New York Stock Exchange. Like the country itself, the telecom industry has also been expanding rapidly, and many of these stocks were up over 50% last year.

The following companies may be worth calling on:

Of some other recent purchases and recommendations, America Movil S.A.B de C.V (AMOV) was up 3.6% Friday, Southern Copper Corporation (PCU) was up 5.3% (plus a 10% yield at time of purchase), Telecomunicacoes de Sao Paulo SA (TSP) was up another 2% and Hartmarx Corporation (HMX) was up 1.7%. These are in various markets on different continents.

My strategy on international investments hasn't changed. Now is the time to load up on some international holdings, perhaps even in a leveraged fashion, but only invest with your speculative portion of your portfolio and diversify if exceeding about 20% of your normal holdings. Plan on gradually unloading as the year wraps up and perhaps exit out of most of your volatile plays by next spring. Not that I have a crystal ball, but come on, this isn't going to last forever. It will be agonizing to see 50-100% gains wiped out in 3 days when the precipitous decline finally occurs. It's just a matter of selling when the noise becomes deafening; right now it's getting loud in here. With a new election looming, the international markets won't need much to be spooked; continued Nigerian oil rig interruptions, China sabre-rattling, North Korea madness again. In lieu of these recommendations, I've researched several international options over the past few months in prior posts - see the top posts section.

ADRs basically serve two purposes. First, they give foreign companies access to U.S. financial markets. Second, they give U.S. investors an easy way to gain exposure to foreign companies.

Out of the nearly 8,850 names in the Reuters.com stock universe, 508 are ADRs. Yet, only 49 ADRs recently cleared the Reuters Select stock screens. (Click here for an Excel sheet comparing these ADRs.)

Eddy Elfenbein submits: A few months ago, I wrote about the hottest stock market in the world. It’s in Brazil, and things haven’t slowed down. The Brazil iShares (EWZ) are up about 500% in the last three years.

Brazil seems to be in the sweet spot of the global economy. Speaking of sweet spot, the price of sugar has doubled in the past year which helps Brazil, the world’s largest sugar producer. The reason for the rally is that more sugar is being converted to ethanol to cope with record gasoline prices.