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Fast Money

Hot Spots


Should you send your money to places you wouldn't dare venture yourself? The rewards can be big, but they may never outweigh the risks. In the Middle East, war and conflict has dominated the region for thousands of years And it's only gotten worse after the Palestinian uprisings against Israel and the US-backed invasion of Iraq.

Still, stock markets in Tel Aviv and Dubai are surging…in Africa too, the most strife is also among countries with the most untapped oil wealth. Around the world in 80 trades; next stop: Global Hotspots

Trading Africa

Trading Africa

Because there’s so much political unrest, Eric Bolling says the only nation in Africa that he recommends is South Africa. He says Anglo-America (AAUK) is the trade there.

Eric explains that investors might hear about 1000% increases in other African markets, but he says you might not be able to get your money out.

Guy Adami adds that sometime soon, investors might be able to buy an African ETF. He suggests making that a small part of the portfolio.

Country: South Korea
Tourist Tip: China’s #4 Trading partner
ETFs:iShares MSCI South Korea Index Fund (EWY)
Stocks You Can Buy:Hanaro Telecom (HANA), Kookmin Bank (KB), Korea Elec. Power (KEP), KT Corp. (KTC)

Guy Adami likes Woori Finance Holdings (WF); SK Telecom Co.,(SKM), Posco (PKX).

Country: Israel
Tourist Tip: Economic expansion that started in 2003 is longest in Israel’s history
ETFs: First Israel Fd Inc (ISL)
Stocks You Can Buy: Teva Pharm. (TEVA), Check Point (CHKP), Cellcom Israel (CEL), Blue Square-Israel (BSI)

Jeff Macke and Pete Najarian both likes Teva because they manufacture generic drugs.

Eric Bolling recommends getting long US energy companies that do business in the region such as Exxon-Mobil (XOM).

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Trader disclosure: On June 19 2007, the day this episdoe was taped, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Najarian Owns (BMY); Bolling Owns  (ICE), (NMX), Gold: GE Is The Parent Company Of CNBC
CNBC Is A Service Of NBC Universal And Dow Jones