A Tailwind for Boeing

Like a jet airliner leaving the tarmac and soaring into the sky, the European currency continues to glide higher. Today, the euro reached its highest level since October, and it is trading comfortably above 1.37 against the U.S. dollar.

Which stocks are poised to benefit from euro strength? I'm going with Boeing (BA). Boeing's chief competitor, Airbus, incurs its costs mostly in euros. Therefore, a rising euro makes an Airbus product more expensive to manufacture, placing upward pressure on its price. Additionally, the stronger euro makes the dollar seem weaker by comparison. A weaker dollar makes Boeing products more attractive to potential buyers that are outside of the U.S. Thus, Boeing benefits in multiple ways from the rising euro....398 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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