I am bullish on EVERY USA company, doing business in the EU, today and through the second week of July 2010.
Why? ... Smiling ... the silver lining in every cloud ...
This Euro meltdown is a GREAT opportunity for USA companies, doing business in the EU with euros in their EU bank accounts, to profit from the meltdown by exchanging their euros for USA dollars. Therefore, I expect to see companies like MSFT and HPQ to report currency exchange rate GAINS in addition to product profits.
|Price Change Today||-$2.72 (-2.14%)|
|Daily Range||$124.11 - $126.22|
|52-Week Range||$83.61 - $130.17|