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Is the global growth trade back on after S&P upgraded Brazil’s sovereign debt this week?

As we told you on Wednesday, Standard & Poor's Ratings Services raised Brazil's debt rating to investment grade, a key benchmark in the nation's economic transformation that sent domestic stocks soaring.

The long-awaited upgrade came two months after Brazil's Central Bank declared that the nation's debt crisis was over because Latin America's largest country had emerged as a net foreign creditor for the first time.

The upgrade suggests to me that global growth remains robust, says Tim Seymour. In EM I especially like tech names such as Taiwan Semiconductor [TSM  Loading...      ()   ] and Infosys [INFY  Loading...      ()   ], he says.

I’m also bullish on some of the media names such as Central European Media Enterprises [CETV  Loading...      ()   ], CTC Media [CTCM  Loading...      ()   ] and Net Servicos de Comunicacao[NETC  Loading...      ()   ] which I’ve spoken about in the past.

You can find more firms poised to profit from explosive global growth in the Emerging Money Top 20.



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Trader disclosure: On May 2, 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 (ATVI), (DIS), (MSFT), (HAS), (INTC); Adami Owns (AGU), (NUE), (BTU), (C), (GS), (INTC), (MSFT); Seymour Owns (AAPL), (CSCO), (INTC), (MER), (MSFT); Seygem Asset Management Owns (EEM), (INFY); Finerman Owns (GS), (C); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (NYX), (MO), (MSFT), (PLCE), (PM),(YHOO) and (YHOO) Call Spreads, S&P 500 Puts, Finerman's Firm Is Short (WWY), (IYR), (IJR), (MDY), (IWM), (SPY), (COF); Finerman's Firm And Finerman Own (C) And (C) Leaps; GE Is The Parent Company Of CNBC

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