100 Year Old Company New Play on Emerging World: Seymour
This company has been around for over 100 years, but trader Tim Seymour sees it as a new emerging markets play.
We’re talking about GE, the minority owner of CNBC.
Seymour points to a slew of positive developments happening at GE, all of which involve emerging markets in some way. For example:
- GE sees $90 billion in China opportunities over the next 5 years
- Emerging markets will account for 50% of revenue in 10 years
- GE has a $10 billion Latin American venture in 2012
- 42 new products are coming out in India.
- GE expects sales to rise as much as 25% this year in Australia
“This company is growing where the world is growing,” says Seymour. “GE is one of the most exciting structural long term plays on emerging.”
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to email@example.com.
Trader disclosure: On March 7, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Najarian is long (AAPL); Najarian is long (FIO); Najarian is long (VMW); Najarian is long (P); Najarian is long (CRM); Najarian is long (FSLR); Najarian is long (VERX); Najarian is long (CIGX); Najarian is long (CME); Najarian is long (CBOE); Finerman is long (AAPL); Finerman is long (JPM); Finerman is long (HPQ); Finerman is long (GOOG); Finerman is short (IWM); Finerman is short (SPY); Finerman is short (MDY)
For Mike Khouw
For Ron Insana
For Abigail Doolittle
Doolittle is long (SDS)
For Mark Mahaney
Firm makes market in (AMZN)
For Geoffrey Jacobs
Firm owns foreclosed homes in Phoenix
CNBC.com with wires.