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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Oct.07
5:52 PM ET
Wednesday, 7 Oct 2009
Emerging Boom

It seems investors are growing more and more bullish on emerging markets. The EEM [EEM  Loading...      ()   ], an ETF that tracks emerging market stocks, rose to a 13- month high buoyed at least in part by the weaker dollar.

It seems investors are turning to emerging markets as a proxy for commodities, which typically move higher as the dollar moves lower.

(EEM)
Loading...       (%)

However, it’s not only a commodities play. Not only did BRIC nation Brazil just win the 2016 Olympics they also staged the largest IPO in the world this year, after financial giant Banco Santander raised $8.1 billion with an initial public offering of shares in its Brazilian subsidiary. The stock trades on the NYSE under symbol BSBR [BSBR  Loading...      ()   ].

What’s the best emerging markets play going forward? For insights we turn to Fast Money’s favorite EM trader, Tim Seymour.

I’d be cautious of this IPO, says Tim Seymour. The deal did not come cheap. If you’re looking to play Brazil I’d do it with cellular companies such as TIM Participacoes[TSU  Loading...      ()   ] , Vivo Participacoes [VIV  Loading...      ()   ] and Telecomunicacoes de Sao Paulo [TSP  Loading...      ()   ] .



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Trader disclosure: On October 7, 2009, 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 (AGU), (C), (GS), (INTC), (MSFT), (NUE), BTU); Terranova Owns (NOV), (MOS), (JPM); Terranova Is Short (CCL); Terranova Is Short (WYNN); Terranova Is Short (GRMN); Terranova Owns Dec. Gold Futures; Terranova Owns March Sugar Futures; Terranova Owns Crude Futures; Seymour Owns (ACI), (AA), (STD), (BX), (BAC), (SBUX); Seymour Owns (RTP); Najarian Owns (C) Calls; Najarian Owns (BRCD) Call Spread; Najarian Owns (DFS) Calls; Najarian Owns (DELL) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (JPM) & Short (JPM) Calls; Najarian Owns (HMY) Calls Spread; Najarian Owns (LAZ) & Short (LAZ) Calls & Long (LAZ) Put Spread; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (MYL) Calls; Najarian Owns (PLCM) Call Spread; Najarian Owns (TEVA); Najarian Owns (ORCL) & Short (ORCL) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (WFC) Puts; Najarian Owns (YHOO) Call Spread; Najarian Owns (DFS) Calls

For Deborah Weinswig:
Citigroup Global Markets Inc. acted as a joint bookrunner on the announced debt offering of (WMT)
Citi Owns (TGT)
Citi Owns (SKS)
Citi Co-Managed An Offering Of Securities of (WMT)
Citi Has Received Compensation From (M)
Citi Has Received Compensation From (TGT)
Citi Has Received Compensation From (WMT)
Citi Has Received Compensation From SKS)
Citi Expects To Receive Compesation From (WMT)
Citi Has Received Compensation From (COST)
Citi Has Received Compesation from (HD)


CNBC.com with wires

© 2009 CNBC.com

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