After Olympics, This Nation Will Be on Top: Traders
It’s only a matter of hours now until the world comes together in London for the 2012 Olympic games.
And in celebration of the competition, CNBC's Fast Money held its own contest.
Each day this week, we presented what our pros believe to be the best investments in four categories related to the summer games.
Two weeks from now -- after the closing ceremonies -- we’ll reveal the gold medal winners in each event.
We kicked off the competition on Monday with the best picks in the metals and mining space. On Tuesday we talked travel and leisure. On Wednesday we looked at sponsors. Now on Thursday we’re looking at countries.
If you were to park money in the stocks of any particular nation over the next two weeks, which would end in the top spot? The race begins now!
Trader Joe Terranova: United Kingdom (FTSE 100)
“If you go back over the last 6 Olympics you’ll see the nation that hosted the games outperformed the global benchmark every time,” says Terranova, chief market strategist for Virtus.
Trader Keith McCullough: China (Shanghai Composite)
McCullough's is largely bearish and his trade is a bet on which index is most likely to bounce. “I go with Shanghai. It’s gone down the most. Now, I think it’s got to go up." McCullough is CEO of Hedgeye Risk Management.
Trader Mike Murphy: USA (Russell 2000)
Murphy, founder and managing partner at Rosecliff Capital, suggest a trade based on his interpretation of bullish technicals. “It looks like the Russell is breaking out. I think it can hit new highs,” he says.
Trader Steve Grasso: United Kingdom (FTSE 250)
"Same trade as Joe," says Grasso with grin. "But play it with the MCX." Steve Grasso is director of institutional sales trading at Stuart Frankel
Trader Mike Khouw: Brazil Bovespa
(We didn't have enough time for Khouw to explain his trade on TV.)
Posted by CNBC's Lee Brodie
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CNBC.com with wires.