Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: J D B who wrote (12858)	10/31/2003 12:15:25 PM
From: James Strauss	Read Replies (1) of 13094

Jim, I'm interested in your opinion on this; if the USD continues its fall, then what blue-chip company might be a strong beneficiary? J.D.B.: Here are some snipits from a Motley Fool article on blue chip companies that would benefit from a weaker dollar... [[[On the other hand, you might own stock in U.S. companies that benefit from a weak dollar. Consider Coca-Cola (NYSE: KO). Two-thirds of its operations are international, and every international sale is converted into dollars when Coke reports results. Today, one euro in revenue will become $1.14 at home, so currency conversions will effectively boost the company's overseas earnings. Fourteen months ago, every euro of sales could only be converted to $0.89 back home. Other international companies that stand to benefit include the likes of Gillette (NYSE: G), Johnson & Johnson (NYSE: JNJ), and Pfizer (NYSE: PFE). Such benefits are reported as "gains from currency conversions," so it's clear they're not operational improvements -- but the gains are still better than the flipside.]]] fool.com The auto companies should benefit as prices would be more competitive both here and abroad... Companies like Mcdonald's with a large overseas presence should also get a boost on currency conversion... Jim

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