Trader Tim Seymour looked to plays on other European countries, such as the iShares MSCI Spain Capped ETF and the iShares Currency Hedged MSCI Germany ETF. The Spain ETF, in particular, could get a boost from the euro going higher on a yes vote, he said.
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Deutsche Bank would make a strong play either way, said trader Guy Adami. If it sells off, it looks appealing at a cheaper valuation, but if it moves higher, it could be primed for a breakout, he contended.
If U.S. markets take a hit from the referendum, large-cap biotech stocks could fall to a cheaper entry point, said trader David Seaburg. He looked to the iShares Nasdaq Biotechnology ETF.
Tim Seymour is long AAPL, T, BAC, C, DIS, F, GE, GM, GOOGL, INTC, JPM and SUNE. Tim’s firm is long BABA, BIDU, MCD, NKE, NOK, SBUX and YHOO.
Brian Kelly is long BBRY, BTC=; TAN, TLT, TSL and U.S. 30-year bonds. He is short euro, yuan and yen. Today he bought TLT and U.S. 30-year bonds.
Guy Adami is long CELG, EXAS and INTC. Guy Adami’s wife, Linda Snow, works at Merck.