Six Stocks You Need To Invest in Today
The first thing when investing in companies based on a rising or decreasing currency is that there are two sides to every equation. US Companies with strong sales overseas will be at risk to the currency exchange because the dollar is more expensive to foreign customers. On the flip side companies that sale in the US and companies that import raw materials will be able to purchase these materials at a lower price.
Investors with contrarian inclinations will find better deals in domestic automakers, says Whiston. Both Ford Motor (F, $16.21) and General Motors (GM, $37.19) will be hurt by unfavorable currency conversions on their European sales. But because many commodities are priced in dollars, a strong greenback also allows U.S. car manufacturers to buy the steel, copper and aluminum they need to make their vehicles at lower prices. Investors have been so spooked by the potential impact of the dollar’s rise on the foreign sales of Ford and GM that they’ve neglected to consider the positives and have unfairly trashed the stocks. Whiston thinks Ford stock is worth $23 a share and GM’s is worth $48.
Contrarian investing is just investing differently than what the public is doing. In the case of Ford and General Motors the public is scared of the impact the strong dollar will have on the foreign sale which could create a great opportunity to buy these two good stocks at a good value. The interesting play is the last one in the article with Charles Schwab & Co. Since rates have been so low it has been impossible to collect fees on very low interest money market accounts when the Fed raises the rates projected for summer Charles Schwab & Co will be able to earn on those fees again.
Learn about how to capitalize on the strong dollar with Charles Schwab & Co., Ford, GM, and 3 other companies.
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About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.