Miami: Gateway To Latin America
It's the pulse that courses through the veins of Miami; Latin flavors, Latin music and now Latin money.
Miami is America's bridge to one of the best investment opportunities unfolding on the planet right now. From Rio de Janeiro to Buenos Aires, business in Latin America is booming.
Why? Because the developing world needs more oil, more ethanol and more food. And companies such as Brazil's Petrobras have that oil and Argentina's Tenaris help deliver it, explains Tim Seymour, a global investor and familiar face at Fast Money.
Then, as that commodity wealth trickles down it creates a foundation for an emerging consumer class in the tropics. And those consumers are using credit cards, cell phones and watching satellite TV like never before.
What's the best way to play this golden opportunity?
Look at the Latin American banks, counsels Tim Seymour. Check out Banco Itau (ITU) or Banco Bradesco (BBD). Or you can look at Bancolombia (CIB). And,if you want to play it another way, check out Vale (RIO) and Petrobras (PBR) for commodities.
I’m skeptical, says Jeff Macke. I find it hard to believe that emerging markets will remain strong with so much economic weakness in the U.S.
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Trader disclosure: On Feb.29, 2008, 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 (YHOO), (ATVI), (DIS), (INTC); Najarian Owns (AAPL), (BIIB), (BKC), (C), (CSCO), (MS), (MSFT), (YRCW), (XLF); Najarian Owns (YHOO) And (YHOO) Calls; Finerman Owns (GS); Finerman's Firm Owns (AAPL), (CROX), (FNM), (GE), (MSFT), (TSO), (WMT); Finerman's Firm Is Short (IYR), (IWM), (IJR), (MDY), (SPY); Finerman's Firm And Finerman Own (HD); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm And Finerman Own (TYC); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (MO)
Finerman's Firm Owns (YHOO); Finerman's Firm Is Short (LEN); Seymour Owns (MSFT); Seygem Asset Management Owns (TS), (TSO), (HXM), (EEV), (ITU); Seygem Asset Management Is Short (EEM); GE Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of "Fast Money"