What’s the trade?
As Fast Money often tells you, focus on companies that do a considerable amount of business abroad. They benefit from a weak dollar as they repatriate their profits. Here are some to consider:
U.S. Companies with Foreign Focus
Company % Sales Foreign
Texas Instruments 88%
Procter & Gamble 60%
United Technologies 52%
Economies are growing at 5%-10% in Asia and certain parts of Latin America, says Tim Seymour. That, combined with the weak dollar, makes me long-term bullish all the names listed above.
Out of all the stocks listed above I like Hewlett-Packard, says Guy Adami.
I like Intel, says Pete Najarian.
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Trader disclosure: On November 18th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (POT), (NUE), (AAPL), (BAC), (EEM), (GE), (INTC), (FXI), (VIP); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman Owns (FLS); Finerman's Firm Owns (MSFT), (NOK), (PLCE), (TGT), (WMT), (DRI); Finerman's Firm Is Short (USO), (IJR), (MDY), (IWM), (UNG); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm Owns (FLS), Is Short (FLS) Calls; Najarian Owns (DELL) Calls; Najarian Owns (EXPE) Calls; Najarian Owns (FXI) Call Spread; Najarian Owns (INTC) & (INTC) Calls; Najarian Owns (LAZ) & short (LAZ) Calls; Najarian Owns (MCD) Call Spread; Najarian Owns (RIMM) Call Spread; Najarian Owns (QLOGIC) Call Spread; Najarian Owns (TXN) & Short (TXN) Calls; Najarian Owns (YHOO) & (YHOO) Puts; Najarian Owns (BG) Call Spread; Najarian Owns (TXN) & (TXN) Call Spread
For Jon Najarian
J. Najarian Own (PALM)
J. Najarian Owns (ADS)
For Doug Kass
Kass Owns (BAC)
For Toni Sacconaghi
Sanford Bernstein Owns (DELL)
(DELL) Was A Client Of Bernstein In Past 12 Months
Sanford Bernstein Makes A Market In (DELL)
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