Zacks’ Voice of the People Highlights user Vet67to82: “The Silver Lining in the Euro Meltdown” from the People & Picks community.
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The Silver Lining in the Euro Meltdown
I am bullish on EVERY USA company doing business in the EU, today and through Q2 reports … around 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 Microsoft (MSFT) and Hewlett Packard (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.
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