The multinational trade is thriving as global growth continues unabated and regardless of the U.S. economic slowdown. But the best way to play the world’s booming economies can be right here at home. Guy Adami highlights his favorite U.S.-based multinationals:
Guy’s Multinational Basket
Guy would buy these companies and hold them through the year because they should be able to grow earnings overseas and because they have exposure to diverse businesses. They should be strong enought that they can’t get dragged down by weakness in a particular sector.
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Trader disclosure: On Jan 24, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Najarian Owns ( C), (COP), (CSCO), (EBAY); Najarian Owns (AAPL) Options, (WM) Options, (YHOO) Options; Finerman Owns (GS), (HD), (MO), (MSFT); Finerman’s Firm Owns (HD), (MO), (SUN), (TSO),(VLO),(WMT), (YHOO),(SPG); Finerman is Short (FS); Finerman is long (FS) and long (FS) puts; Tim Seymour is Owns (AA), (DELL), (INTC), (MER), (MSFT); Tim Seymour’s firm owns (AAPL), (COP)