Sweet on Nestle
The euro has bounced a bit over the past 48 hours, but it remains in a downtrend after its vicious selloff. Yesterday, I told you about the aircraft manufacturer European Aeronautic Defense and Space Company (EADSY). The Airbus A380 manufacturer's stock should perform well if the euro continues to weaken, probably at the expense of U.S.-based competitor Boeing (BA).
Since the Swiss franc is now pegged to the euro, it too will fall if the euro falls. If European exporters are likely to benefit from a weak currency and if the Swiss franc is tied to the euro at 1.20, then it stands to reason that some beaten-down Swiss exporters might be in for a boost as the Swiss franc loses strength along with the euro. One such Swiss company is Nestle SA (NSRGY)....500 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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