GO
Loading...

Ain't No Stopping The Globe

Thursday, 22 May 2008 | 6:14 PM ET

Emerging markets need petroleum to fuel their progress. But with crude surging to new highs how much longer can they withstand oil’s super-spike?

There appears to be no end in sight to demand for oil in the developing world, explains emerging markets trader Tim Seymour. In fact the shippers and the rails are booming on emerging market demand despite the fact that oil is setting record after record.

You pick the trading route and it’s packed to the gills, he adds. That’s because a lot of these countries are stockpiling grains, oil and other commodities.

As a result the shippers and rails (which move commodities) are maintaining their outlook even in the face of oil’s recent rise. In the space check out Genesee & Wyoming which moves grains from Australia to China, he counsels.

Tomorrow's Trades #3
Rising oil isn't fazing emerging markets, with the Fast Money crew.

I like DryShips , adds Jon Najarian.
















______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On May 22, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (GS), (AGU), (NUE), (BTU), (INTC), (MSFT); Macke Owns (ATVI), (MSFT), (DIS), (INTC), (WMT); Jon Najarian Owns (AAPL), (AMR), (BHI), (BNI), (C), (CRM), (FRO), (WMT). (WLP), (FTEK); Jon Najarian Is Short (DBC), (DKS); Seymour Owns (AAPL), (CSCO), (F), (INTC), (MER), (MS), (TSO)

  Price   Change %Change
DRYS
---
GWR
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report