The euro is rocking and the pound is sterling. The dollar, however, is falling flat on its face. It's currently sitting at the lowest level in 15 years after the latest news on the US subprime mortgage meltdown caused investors to turn up their noses at the greenback. Are there are ways you can profit from the dollar's woes and keep your money safe?
Pete Najarian says the multinationals did well Wednesday. He says Gilead (GILD) and Celgene (CELG) are two names you might not think of – which are poised to profit from the tailwind. He adds Apple (AAPL) will too. And Pete also says India’s rupee took down earnings for Infosys (INFY).
Guy Adami likes Caterpillar (CAT) and Precision Castparts (PCP).
Eric Bolling says own tech as an international play. He likes the Technology SPDR (XLK).
Dylan Ratigan says the following companies have increasing overseas revenue growth that’s worth noting.
GLOBAL GROWERS: 2006 International Sales Growth
Precision Castparts (PCP) +98%
Google (GOOG) +92%
JDS Uniphase (JDSU) +91%
PMC-Sierra (PMCS) +65%
Goldman Sachs (GS) +65%
Source: Standard & Poor's
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Trader disclosure: On July 11th 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 (EMC), (DIS), Najarian Owns (DNDN), (IMMR); Bolling Owns (ICE), (NMX), (DIS), (XOM), Gold, Silver, Copper, Corn; CNBC Is A Service Of NBC Universal And Dow Jones; NBC Universal Is The Parent Company Of CNBC