The White House economic team says record U.S. exports are keeping our economy strong. What's the trade as the globe buys American?
Earlier on CNBC Commerce Secretary Carlos Gutierrez said, “40% of U.S. growth came from exports in the second quarter. 40% of our GDP growth. Exports are… becoming a major contributor to our economy. That says a lot about American workers and businesses. We've got to keep that going and keep on opening markets and keep on leave believing in the power of free trade.”
Dylan Ratigan asks the panel, “Will global growth stave off a recession domestically over the next 6 to 9 month?”
Jeff Macke thinks it will and he’s bullish on the global story. He recommends Yum! (YUM) and Yahoo! (YHOO) as two international plays.
Karen Finerman recommends buying Flowserve (FLS) as her global growth play because 52% of their revenue comes from outside the US and she feels Flowserve services industries that are growing rapidly.
Guy Adami thinks Boeing (BA) is a buy on global growth because so many carriers buy planes from the aerospace giant.
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Trader disclosure: On Oct 24, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (DIS), (INTC), (ATVI), (YHOO) (EMC); Najarian Owns (C), (DISH), (EMC), (MSFT), (YHOO), (SNDK), (GOOG); Finerman Owns (GS); Finerman's Firm Owns (ASD), (BIIB), (CTX), (MSFT), (NYX), (NMX), (TGT), (WMT), (PLCE), (MO), (C); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm And Finerman Own (HD), (C), (FLS), (KALU)