Few things are more prestigious than triumph at the Olympics. Now, Fast Money breaks down the nations vying for victory to see if their stocks could turn your portfolio into gold.
No Olympics has meant more to a home nation than the current Olympics in Beijing.
It’s the culmination of a 30-year economic expansion sparked by an ancient culture's embrace of free markets.
This transformation of the world's most populous nation created insatiable demand for oil, steel and grain. As the Chinese built roads, buildings and blossomed into a wealthy society China's stock market surged sevenfold in just the last two years.
But now the games are here and the story is beginning to unwind.
With the stock market losing half its value in '08 alone should you go for gold and continue betting on Beijing after the Olympics?
The best China trade out there is probably Yum! Brands , says Guy Adami. Pizza Hut and KFC are both huge there. (Of course, Taco Bell hasn’t really taken hold though, adds Karen Finerman with a wink.)
I have issues with trading China, says Jeff Macke. It’s a communist nation that can repatriate assets whenever they want. If you must trade China I suggest McDonald’s because they’re simply exporting American taste.
Look at Sohu, an internet company, exclaims Pete Najarian.