No.1 - Trading China: The Stocks
You know the China bull story. It's stock market up 50% this year alone. But you don't need to go to China to participate in this rally. You can buy a slew of Chinese companies that trade right here on the NYSE as ADR’s, or American Depository Receipts. What does that term mean for you? It simply means your dollars can directly participate in this historic Chinese bull market. What names should you buy?
Telecom, energy and financials are the sectors that attract most investors to China, says Dylan.
Eric Bolling adds as growth in China occurs, peasants move from farms to the cities and that creates a demand for electricity. In China, Eric explains electricity is mostly produced by coal. Consequently, Eric likes Yanzhou Coal Mining Co.(YZC) as a coal play.
Guy Adami likes PetroChina (PTR) because they just found the largest oil find in the last 30 years in China. Guy adds there are potentially 7.5 billion barrels of oil in this field. Guy also likes China Mobil (CHL) because they have 321 million subscribers with room to grow. (In case you’re wondering, that’s about the entire population of the US)
Pete Najarian also likes the mobile play and Baidu (BIDU) which he thinks could become the next Google (GOOG).
Jeff Macke likes video game maker The 9 Limited (NCTY) because they’ve signed a deal with US based Electronic Arts (ERTS).
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to firstname.lastname@example.org.
Trader disclosure: On May 22, 2007 (the day this show was taped), the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (SWY); Najarian Owns (MDT), (STI); Bollings Owns Coffee, Sugar, Gold, Silver; Bolling Owns March Natural Gas Futures and Is Short April natural Gas Futures