Forget what happened in 1787, there’s a French Revolution happening now and smart investors stands to benefit.
French President-elect Nicolas Sarkozy takes office on May 16 and he’s expected to usher in sweeping reforms such as slashing the country’s 9% unemployment rate and prying the French from their quasi-socialst corporate practices.
Students, immigrants, and labor workers staged an 18th century style riot at the Bastille after the win.
But as the protestors took the streets, investors bid up companies that stand to benefit from more business-friendly policies.
Shares of France-based Areva (CEI.FR) surged because investors believe the new president is more likely to allow a takeover of the nuclear power station builder.
And European aerospace giant Eads climbed on speculation the president may shake up management at the parent of Airbus.
How can you get behind this fast money revolution?
Eric Bolling likes energy in France because 50% of their power is nuclear. He expects Areva to continue to do well. He also likes Veolia Environnement (VE) and Suez (SZE) as water plays.
Tim Strazzini expects France Telecom (FTE) to benefit from anticipated changes to French employment regulations. (In France, it’s traditionally very difficult to fire a worker). Tim also recommends taking profit in AXA (AXA).
Jeff Macke likes Manpower (MAN) because the Milwaukee based company is the biggest provider of temp workers in France.
Guy Adami likes Vivendi (VIV), the second largest telecom company in France also for anticipated changes in employment regulations.
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Trader disclosure: On May 7, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Strazzini Owns (SNDK), (TIN); Bolling Owns (SZE), (DIS), (NMX), (VE), Gold, Silver; CNBC Is A Service Of NBC Universal And Dow Jones, Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC