SUPRATRADE 3 Euro Zone Export Stocks to Buy at the Bottom 0906101150



he euro fell against the U.S. dollar yesterday, pushing it back down close to a four-year low against the greenback. Sovereign debt woes were the old news behind past trends, and Thursday’s declines were driven by upbeat U.S. economic reports and optimism over tomorrow’s unemployment data contrasted with some lackluster euro zone data.

Europe is not a friendly place for stocks right now â€" and we’re not just talking about Greece, which has been grabbing all the headlines. Just look at some of these Europe ETFs and their poor performance in 2010 thanks to the debt woes of euro zone nations. All ETF returns are year-to-date from January 1 to Thursday’s close:

iShares MSCI Germany Index ETF (EWG), down -13.5%
iShares MSCI Italy Index ETF (EWI), down -26.5%
iShares MSCI Spain Index ETF (EWP), down -31.5%
iShares MSCI France Index ETF (EWQ), down -19.2%
After those steep declines, however, it’s worth noting that there are actually some big opportunities presented by the current trouble in the euro zone. If you can find a company that is one the way up, then you can buy in at great valuations.

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