Gaming The Beijing Olympics
Gaming the Beijing games - the centerpiece of the China growth story.
The 2008 Olympic games are in Beijing. The city alone is investing nearly $40 billion to put on China's best public face to the world.
From subways to stadiums, water treatment projects to wireless systems, companies around the world are landing big contracts to help China make the best of its coming-out party.
But one big question remains…is China actually fixing its problems - or just sweeping them under the rug until the world looks away?
In one of the more far-fetched attempts, Beijing officials will reportedly try to make it rain before the games in order to clear pollution.
Some investors wonder whether the flashpoint of the China growth story will also end up being its last chapter?
What's the trade as the torch gets passed to Beijing?
For a while on “Fast Money” Guy Adami has told viewers to own China through the Beijing Olympics. He explains that for 2 weeks in August of 2008, all eyes will be on Beijing and they want to look as modern as possible.
For example, United Technologies (UTX) won 25 contracts just for elevators and escalators getting people to and from the games. Guy says infrastructure in China is a growth story through the Olympics.
Eric Bolling thinks the hotel sector will be hot, because the world will see Beijing on TV during the Olympics and want to visit. Consequently, Eric says Wynn Resorts (WYNN) will do fantastic. They are opening 84 hotels in China.
Pete Najarian reminds the panel Barcelona saw tourism double after the Olympics.
What about Nike (NKE), asks Dylan.
They have a huge history in China, says Jeff Macke. He recommends getting long NKE.
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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