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.
… More
| Price | 70.85 |
| Price Change Today | -$0.74 (-1.03%) |
| P&P rating | ![]() |
| Zacks Rank | 3 - HOLD |
| Open Price | $71.77 |
| Previous Close | $71.59 |
| Daily Range | $70.75 - $71.82 |
| 52-Week Range | $53.95 - $78.27 |
| Volume | 1,560,409 |
| General Dynamics Corp.'s primary businesses focus is on shipbuilding and marine systems, business aviation, information systems, and land and amphibious combat systems. Each of these businesses involves design, manufacturing and program management expertise, advanced technology, and integration of complex systems. The primary customers for the company's businesses are the United States military, the armed forces of allied nations, other government organizations and a diverse base of corporate and industrial buyers. | |




Comments: 0 | Comment
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.
What tells me they're doing that ... when you exchange euros for the USD you are "selling" Euros ... and "buying" USD. The selling in Euros ... is driving the Euros down ... and the apparent availability of the euro to exchange for the USD signals lack of euro demand ... while the raising USD signals strong demand and lack of availability ... which the USA tried to head off at the pass by opening up the window to the EU. Seems the gov'ts were aware this scenario was coming ... and points for being ahead of the curve ... or this would be WORSE.
Surprise profits, and stocks "On sale, NOW!" ... that's why I'm bullish.
Comments: 0 | Comment
Comments: 0 | Comment
Comments: 0 | Comment
Comments: 0 | Comment
Comments: 0 | Comment
Comments: 0 | Comment
Comments: 0 | Comment
Comments: 0 | Comment
Comments: 0 | Comment