They've been the biggest money maker in global markets for the last two years: Emerging Markets. But investors averse to higher risk have sent the shares of countries such as Brazil, Russia and China reeling during these tumultuous two weeks. Is now a good time to step in and get companies with strong economic growth on the cheap?
Tim Seymour feels this is a good time to buy Brazil. He recommends buying Banco Bradesco (BBD), Banco Itau Holding Financeira (ITU), Petroleo Brasileiro (PBR).
Eric Bolling likes the iShares FTSE/Xinhua China 25 Index (FXI), iShares MSCI Brazil Index (EWZ) and iShares MSCI Emerging Markets Indx (EEM).
For more Emerging Markets ETFs check out Fast Money’s “Around The World In 80 Trades”
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Trader disclosure: On Aug 6 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (ATVI), Seymour Owns (AAPL) (BX), (EEM), (EWZ), (EWT), (GLD), (ITU), (LEH), (MBT), (SSL): Red Star Asset Management Owns (EEM): Bolling (SZE), (VE), (MPEL), Owns Gold, Silver, Platinum, Copper, Bolling Is Short (FXI) But Bullish Long-term