On Tuesday the dollar fell against European currencies, in fact the British pound rose above $2 for the first time in 15 years. Not since George Soros was moving world currency markets like chess pieces have we seen such a stunning move in the pound. Now, why should you care?
Eric Bolling says weak dollar trades are still in play. He explains the weak dollar environment provides a tail wind for companies that have a large foreign exposure, such as Coca-Cola (KO),Altria (MO),McDonald’s (MCD) and Hewlett Packard (HPQ). (That's because as they repatriate profits, they receive more dollars.)
Guy Adami says of those 4 companies, McDonald’s is most appealing to him.
Jeff Macke adds as long as things aren’t catastrophic for the dollar all these names are good to own.