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Stockonomics - Trade Like George Soros

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Want to trade like George Soros? Then you need to think like George Soros and take big picture trends such as employment, inflation and currency fluctuations and turn them into stock picks such as Coca-Cola (KO) or Citigroup (C ). Click here to find out how to make fast money from economics.

CNBC’s Senior Economics Reporter Steve Leisman joins the guys for this conversation.

Dylan Ratigan says there were two bullish pieces of data today 1) tame inflation in the form of easing consumer prices and 2) a surprise increase in housing starts. How does that translate into fast money, asks Dylan.



Steve says last week he talked about stocks with international exposure such as McDoanld’s (MCD) and Altria (MO), as a smart way for investors to navigate this uncertain environment.

Eric Bolling thinks the environment is anything but uncertain. It's fantastic, he says, 16 companies including Alcoa (AA),Citi ( C), Johnson and Johnson (JNJ) and Rite Aid (RAD) have all beat expectations so far this earnings season. Only three companies, Bed, Bath & Beyond (BBBY), Krispy Krème (KKD), and TD Ameritrade (AMTD) missed estimates. Then Eric and Steve argue so loudly no one can understand what they’re saying.

Steve later tells the panel that the trend for growth in Europe looks much better than the U.S. Steve talks about the S&P 350 and says materials, consumer discrentionary spending and industrials are 3 sectors which are doing well in Europe. He adds investors can buy the entire S&P 350 in the iShares S&P Europe 350 Index ETF (IEV.)

Tim Strazzini says he’s concerned about downward risk in Europe because of where they are in the cycle.

Guy Adami likes iShares MSCI Germany Index Fund (EWG) better, if investors are looking for a Europe play.

Symbol
Price
 
Change
%Change
VANG SC VAL
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BGES
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DIA
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SC0Y
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JNJ
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KKD
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KO
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MCD
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MO
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RAD
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Questions? Comments? fastmoney@cnbc.com

Trader disclosure:
On APR 17, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Strazzini Owns (CAH), (EWG), (IBM), (WMT), (YHOO) (USG); Bolling Owns (NMX), Gold, Silver, Corn, Bolling Is Short Soybeans