Is It Time to Rethink Brazil?

Monday, 30 Apr 2012 | 12:55 PM ET

If you’ve been putting money to work overseas, chances are you’re none to thrilled with Brazil.

“On a 2-year basis Brazil is down 9.5% and the currency is getting weaker,” explains Fast Money trader Tim Seymour.

However, Brazil’s fortunes may be about to change, he says, and as a result Brazil is getting oversold. “What’s setting up is an interesting time to be a Brazil investor,” he says.

But don’t take that as a sign to play mega-caps – those trades haven’t worked well.

Instead, Seymour is bullish on midcaps. “I’m long TSU ,” he says.

Or if you want a basket of names, Steve Grasso suggests looking at EWZS.

Investing Billions in Brazil
CNBC's Maria Bartiromo speaks to Brazil's richest man, Eike Batista, regarding his plans to invest $50 billion in Brazil over the next 10 years. He is one of Time's "Most Influential People in 2012." Tim Seymour, EmergingMoney.com founder, also weighs in on the Brazil trade.

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Trader disclosure: On Apr 30, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long JNPR; Joe Terranova is long NXPI; Joe Terranova is long JPM; Joe Terranova is long JOY; Joe Terranova is long HPQ; Joe Terranova is long LQD; Jon Najarian is long GS CALL SPREADS ; Jon Najarian is long GLD CALL SPREADS; Jon Najarian is long RIMM CALL SPREADS; Jon Najarian is long MDRX CALL SPREADS; Jon Najarian is long LQMT; Jon Najarian is long CIGX; Jon Najarian is long CBOE; Jon Najarian is long CME; Jon Najarian is long DDMG; Steve Grasso is long ASTM; Steve Grasso is long AVAV; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long NUAN; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long PRST; Steve Grasso is long S; Steve Grasso is long XLU; Steve Grasso is long ZAZA; Mike Murphy is long HAL; Mike Murphy is long JPM; Mike Murphy is long SBUX; Mike Murphy is long FCX; Mike Murphy is short GPS; Tim Seymour is long TSU; Tim Seymour is long PBR

For Sean Clark
Clark Capital is long JPM
Clark Capital is long ABT
Clark Capital is long KO
Clark Capital is long XLY

For Catherine Arnold
The subject company currently is, or was during the 12-month period preceding the date of distribution of this report, a client of Credit Suisse: PFE
Credit Suisse provided investment banking services to the subject company within the past 12 months: PFE
Credit Suisse provided non-investment banking services, which may include Sales and Trading services, to the subject company within the past 12 months: PFE
Credit Suisse has received investment banking related compensation from the subject company within the past 12 months: PFE
Credit Suisse expects to receive or intends to seek investment banking related compensation from the subject company within the next 3 months: PFE
Credit Suisse has received compensation for products and services other than investment banking services from the subject company within the past 12 months: PFE
As of the date of this report, Credit Suisse Securities (USA) LLC makes a market in the securities of the subject company: PFE
Credit Suisse has a material conflict of interest with the subject company (PFE). A Credit Suisse analyst involved in the preparation of this report has a (long/short) position in the common stock of PFE.

For Ed Maguire
CLSA and/or Credit Agricole Securities (USA) Inc and/or the analysts involved in the preparation of this report have reason to know that an affiliate of Credit Agricole Securities (USA) Inc and/or CLSA received compensation from Microsoft for non-investment banking products/services in the past 12 months.

For Adreinne Tennant
JMS is a market maker in this security, and may at any time hold a long or short position in this security: GPS

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