Buy Multinationals, See The World

According to Goldman Sachs sales at multinationals are up 22.4% since January 2007 while companies with domestic sales only are up a meager 2.8%.

And other data suggests the same. Trade deficit figures, which will be released Tuesday, are expected to show that exports are still driving the U.S. economy and McDonald’s said today that overseas sales drove their results and have been outpacing domestic results for quite some time.

How should you trade?

Look at Wal-Mart and Nike , counsels Jeff Macke. They’re simply good companies.

It doesn’t get more big and boring than P&G , adds Tim Seymour. But I like the stock as well as Boeing .

Hewlett Packarrd and IBM continue to work, adds Pete Najarian. That’s how I’d trade.

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Trader disclosure: On June 9, 2008, 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), (ATVI), (INTC), (WMT), (MSFT), (DIS); Pete Najarian Owns (AAPL), (BKC), (TSO), (XLF), (HPQ), (AMLN); Pete Najarian Owns (AA) Calls, (GME) Calls; Pete Najarian Owns (LEH) Puts; Finerman Owns (GS); Finerman's Firm Owns (AAPL), (MSFT), (TSO), (VLO); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Seymour Owns (AAPL), (AA), (INTC), (MER), (TIE), (TSO), (F); Seygem Asset Management Owns (EEM), (HAL), (TTM), (MBT), (GAF)