Top Weak-Euro Stock Plays

If you're not interested n playing the currency trade off of a potential weak euro, than you might want to consider some U.S.-based companies that should benefit from a weaker euro. The most likely winners would be domestic companies that don't have a lot of foreign exposure.

I would look toward playing U.S.-based utilities, which not only have zero euro risk but should also hold up well if a financial crisis were to break out, due to their solid dividends and stable cash flow. Some names to consider are Duke Energy(DUK), Wisconsin Energy(WEC), Progress Energy(PGN) and American Electric Power(AEP).

>>>Also see: Top-Rated Electric Utility Stocks

Another group of stocks that could be big winners off a weak euro are German exporters. Germany is the second-largest exporter in the world, so any decline in the euro will make the country's products much cheaper for overseas customers. A weaker euro will also bring down bond yields for Germany and make it cheaper for them to borrow money. Some German exporter stocks that should benefit include SAP AG(SAP), Siemens AG(SI), Daimler AG and Fresenius Medical Care AG(FMS).

>>>Who Owns Siemens AG?: Ken Fisher

You could also play Germany buy just simply buying the iShares MSCI Germany Fund Index ETF(EWG). This fund seeks to provide investment results that correspond generally to the price and yield performance of publically traded securities in the aggregate in the German market.

To see more stocks that could benefit from a falling euro like CurrencyShares Swedish Krona Trust(FXS) and WisdomTree Dreyfus Emerging Currency ETF(CEW), check out the Top Weak Euro Stock Plays portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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