You might know that global growth has been the key driver of our bull market. But did you know the USA is contributing very little to that growth story. In fact, our nation is expected to have the slowest growth among major economies this year. Does the globe have what it takes to keep huge American companies going? Also Tim Seymour’s Brazil plays.
Tim Seymour says economies of the world are absolutely strong enough to keep US companies profitable. He says Ford (F), Procter & Gamble (PG) and General Motor (GM) are just three examples; they’re all over the world and making money. Also, he adds India, China and Turkey are all big parts of the Coke (KO) revenue model.
Eric Bolling says the international consumer is spending and he feels General Electric (GE), Caterpillar (CAT) and United Technologies (UTX) are solid large conglomerates poised to profit from growth around the globe.
Pete Najarian also likes Honeywell (HON) and 3M (MMM) as infrastructure plays.
Tim adds that he likes playing Banco Bradesco S.A. (BBD) and Banco Itau Holding Financeira (ITU) as Brazil plays.
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Trader disclosure: On July 17th 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 (ATVI); Bolling Owns (BP), (XOM), Corn, Soybeans, Gold, Silver, Platinum, Copper; Najarian Owns (SNDK); Seymour Owns (BAC), (BBD), (COP), (INTC), (ITU); GE Is The Parent Company of CNBC; CNBC Is A Service Of NBC Universal And Dow Jones