The Fast Money traders are keeping an ear open for some juicy news out of China. Literally!
On Wednesday Coke , the world's largest soft drinks maker, offered to buy juice maker China Huiyuan for a hefty premium, making it the biggest takeover in China by a foreign company.
The all-cash deal of $2.5 billion, which still requires regulatory approval, values Huiyuan at nearly three times its closing price on Friday.
"The move is a big surprise to the market and the offer is super-generous," said Lawrence Chor, analyst at Tai Fook Securities. "It's very possible Coca-Cola will leverage the Huiyuan brand, acquire other Chinese juice makers, then boost their output for export."
The deal made us think, maybe the way to play international growth right now is with American companies such as Coke that are making aggressive moves overseas and winning greater market share.
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At current levels I like Nokia as my emerging markets play, says Jon Najarian on Fast Money. Nokia makes cheap handsets and they have 55% market share in India. With the stock down over 30% I think Nokia is one of the best buys.
Also Yum! Brands is an interesting way to play China, Najarian adds. McDonald’s is worth a look too, although its sales could be harmed by softness in Europe.
Jeff Macke brings the conversation back to Coke. I like the deal, he exclaims. They’re developing a consumer nation in China.