4 stocks to watch as US-Cuba relations thaw

As the United States and Cuba start to normalize relations, "Fast Money" traders picked stocks that could benefit from business on the island.

President Barack Obama arrived in Cuba on Sunday, becoming the first sitting president to visit since 1928. He met with Cuban President Raul Castro on Monday amid a path to normalized relations that remains complicated by the island's political environment.

Still, some companies have jumped at the opportunity to reach the Cuban market as the U.S. eases economic restrictions.

US President Barack Obama, accompanied by first lady Michelle Obama and their daughters Malia and Sasha, arrives at the Jose Marti international airport in Havana, Cuba March 20, 2016.
Carlos Barria | Reuters
US President Barack Obama, accompanied by first lady Michelle Obama and their daughters Malia and Sasha, arrives at the Jose Marti international airport in Havana, Cuba March 20, 2016.

Cruise operator Carnival is among those firms. It announced Monday that it received Cuban approval to sail to the island starting in May.

Trader Brian Kelly said new cruises could boost Carnival, as they may bring "incremental" revenue.

PayPal CEO Dan Schulman traveled to Cuba this week. In a blog post Sunday, he said he hoped to bring the company's Xoom money transfer service to the island by the end of the year.

Trader Dan Nathan highlighted the company as a possible play on Cuban commerce.

Trader Karen Finerman looked to Coca-Cola, which she said could potentially benefit from business on the island.

Airline operator Copa Holdings may also get a boost from increased travel to the island, said trader Tim Seymour. The stock has soared about 45 percent this year.

Disclosures:

Karen Finerman

Karen is long BAC, C, FL, GOOG, GOOGL, JPM, LYV, KORS, M, SEDG, SPY puts, URI. Her firm is long ANTM, AAPL, BAC, C, C calls, FINL, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, NRF, PLCE, SPY puts, URI, her firm is short IWM, MDY. Karen Finerman is on the board of GrafTech International.

Brian Kelly

Brian Kelly is long BBRY, Bitcoin, GLD, GLD puts, SH, SLV, TLT, US Dollar, UUP, Yen; he is short Aussie Dollar, BLK, British Pound, CS, DB, Euro, EWH, FRC, Hong Kong Dollar, UBS, SPY, Yuan, 5-Year Note Futures

Dan Nathan

Dan is long AAPL April Put Fly, long PFE buy-write, long TWTR, long UUP March calls, long GE May 28 puts, long JPM April puts, long XLP March put spread, long XRT March puts, long XLB March puts, long HD put butterfly, long QQQ puts, long INTC March/April put spread, long QCOM April put spreads, long HYG June puts, long IWM May and September puts, long XLE April/June put spread

Tim Seymour

Tim Seymour is long AAPL, AVP, BAC, BBRY, DO, EDC, F, FCX, GM, GOOGL, INTC, NKE, SINA, T, TWTR, VZ, XOM. Tim's firm is long BABA, BIDU, CLF, KO, MCD, MPEL, PEP, PF, SAVE, SBUX, VALE, WMT,YHOO, short HYG, IWM.