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Emerging Names You Don’t Know but Should

Tuesday, 1 Feb 2011 | 6:09 PM ET

The S&P and Dow weren’t the only major market indexes surging on Tuesday. The emerging markets also closed higher.

Should you follow the crowd and also put money to work overseas?

“With inflation, higher interest rates, and rising oil prices there are still headwinds facing emerging markets,” explains Ron Shah Of Jina Ventures.

And despite the sell-off in the space, he continues to think "there's further room on the downside."

However, that's not to say that Shah doesn't see opportunity. He does. "There's tons of growth in the market. But you have to look at companies with sustainable margins. It's going to be a margins game going forward."

In other words he thinks you need to do your homework, then pick and choose.

"If you want to participate in the space the best way to play is with technology," he says. "Bet on emerging market companies that have R&D and technology development."

His picks follow:

Mindray Medical International
China-Biotics
Spreadtrum
Longtop Financial Technologies
Embraer
Dr Reddy's

Baidu
Sohu
VimplelCom
Turkcell

Shah thinks these are the companies that can navigate the headwinds. "They can withstand the currency valuations and other issues."



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Trader disclosure: On Feb 2, 2011, 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); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is short (IJR); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman's firm owns (AAPL); Finerman owns (BAC); Finerman's firm owns (BAC) leaps; Finerman's firm owns (BBY); Finerman owns (BP); Finerman's firm owns (BP); Finerman owns (C); Finerman's owns (GOOG); Finerman owns (HPQ); Finerman's firm owns (HPQ); Finerman's firm owns (IBM); Finerman owns (JPM) and (JPM) leaps; Finerman's firm owns (JPM) and (JPM) leaps; Finerman's firm owns (MCD); Finerman owns (MSFT); Finerman's firm owns (MSFT); Finerman's firm owns (TGT); Cortes is long U.S. Treasuries; Cortes owns (TSN); Cortes owns (EXC); Cortes owns (MO); Cortes owns (PM); Cortes owns (GS); Cortes owns (MS); Cortes owns (SVU); Cortes is short (LVS); Cortes is short (BAC); Cortes is long U.S. Treasuries; Cortes owns (TSN); Cortes owns (EXC); Cortes owns (MO); Cortes owns (PM); Cortes owns (GS); Cortes owns (MS); Cortes owns (SVU); Cortes is short (LVS); Cortes is short (BAC)

BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (ATW)
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Accounts Managed By Kanundrum Capital Are Short Australian Dollar
Accounts Managed By Kanundrum Capital Are Short The Yen

JOSHUA BROWN
Brown owns (AAPL) for clients
Brown owns (AIG) and for his clients
Brown owns (AMZN) for clients
Brown owns (ARMH) for clients
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Brown owns (BA) for clients
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Brown owns (C) and for his clients
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Brown owns (GLD) for clients
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Brown owns (JPM) and for his clients
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RICH ILCZYSZYN
Ilczyszyn Has No Disclosures

KEITH WIRTZ
Wirtz has no disclosures

KEVIN CRISSEY
Within the past 12 months, UBS AG, its affiliates or subsidiaries has received compensation for investment banking services from (UAL)
UBS AG, it's affiliates or subsidiaries expect to receive or intend to seek compensation for investment banking services from (UAL), (LCC) in next three months
(UAL) is an investment banking client of UBS Securities within the past 12 months
UBS AG, its affiliates or subsidiaries own 1% or more of a class of (UAL), (LCC) common equity
UBS Securities LLC is a market maker in (JBLU), (UAL), (LCC)
UBS Securities LLC is acting as an advisor to Continental Airlines on its announced agreement to merge with UAL Corp

ALEXANDRA LEBENTHAL
Lebenthal has no disclosures

RON SHAH
Shah has no disclosures

WILLIE WILLIAMS
Societe Genarale facilitates transactions in tradeable currencies

SCOTT NATIONS
Nations has no disclosures

FAST MONEY 360
Stifel Nicolaus is a market maker in (CVS)

GUY ADAMI FAST FIRE 12/21/2010
Adami had no disclosures in (JEF) on 12/21/2010

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CNBC.com with wires.

  Price   Change %Change
DJIA
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S&P 500
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BIDU
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CHBT
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EEM
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EMBR
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MR
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DRREDDY-IN
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SOHU
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SFV
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TCELL-TR
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