McDonald's (MCD) said Wednesday that they’re going to open a series of coffee chains called "McCafe's" in Japan, a country typically thought of as tea drinkers... What's behind McDonald's move and will it work?
Pete Najarian says McDonald’s is introducing McCafe’s because Starbucks (SBUX) has already opened 700 stores in the same country. Pete says it’s their version of a Starbucks, and he likes MCD stock.
So does Jeff Macke. He adds short Starbucks.
Dylan Ratigan explains that the weak dollar should also provide a tailwind for McDonald’s profits overseas.
On a related note, Jeff Macke adds Toyota (TM) , Nintendo (NTDOY) , Honda (HMC) and Sony (SNE) also benefit from weak currency – in their case the yen is weak and that benefits their exports.
For the same fundamental reasons Eric says precious metals are a good play. He likes gold.
In another related note -- Pete Najarian likes Daimler (DCX) and Honda for their diesel technology.
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Trader disclosure: On July 12th 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), (SWY), (JWN); Bolling Owns (MPEL), (ICE), (NMX), Gold, GE Is The Parent Company Of CNBC