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Market Pro's Top 3 Plays on India

President Obama left Friday for a 10-day trip to Asia, where security, trade and other economic issues top his agenda.

Investors are expected to closely monitor Obama's trip, being as India outsourcing companies have outperformed the Nasdaq over the past 6 months.

As a means of cutting costs, US companies continue to outsource jobs to India and the subcontinent benefits as a result.

"Outsourcing continues to be very, very strong," said Simon Baker of Baker Avenue Asset Management. "Clearly across the country, I.T. CEOs are looking to do more with less. Outsourcing is clearly the way they're looking to do it."

To play this trend, Baker recommends these three names:

Infosys: This company should continue to push higher, said Baker. He gives it a price target of $88 a share.

Cognizant: Baker said this stock has room to run and gives it a price target of $83.

iGATE: Fifty-percent upside from here, said Baker.

Obama will travel to India, Indonesia, South Korea and Japan before returning to Washington on November 14.

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Trader disclosure: On November 5th, 2010, 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), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Weiss owns (MEE), (MS), (QCOM), (FWLT), (UAL), (CSX), (UPS); Terranova owns (APA), (AAPL), (AXP), (C), (GOOG), (GS), (FCX), (HES), (IBM), (MCD), (NKE), (ORCL), (PCP), (PEP), (UPL), (VRTS), (XBI); Terranova owns (FCX) puts; Terranova owns (FFIV) puts; Terranova owns (SLB) puts; Grasso owns (ASTM), (BA), (BAC), (C), (CSCO), (JPM), (LPX), (MO), (MOT), (NDAQ), (PFE), (PRST), (DIS), (OIH), (OXY), (PFE) and (POT)
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CNBC.com with wires. Reuters contributed to this report.

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