Brazil has now rallied past China to become the world’s biggest emerging market. What's going on down there?

On Thursday, the Bovespa index of the Sao Paulo Stock Exchange gained 0.09 percent to 65,555.08 points, helped by a rise in stocks of mining giant Vale (RIO).

It’s an export driven economy, explains Tim Seymour. And they have commodities that the world needs. That’s what’s driving Brazil. If you want to play this country look at the iShares MSCI Brazil Index ETF (EWZ), home builders and cellular companies.

I prefer Cisco (CSCO), adds Pete Najarian, as an American company that will likely build out Brazil’s infrastructure.

Look at Pepsi (PEP), says Guy Adami, as an international play, or Potash (POT).

Look at Pepsi (PEP), says Guy Adami, as an international play, or Potash (POT).

______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .

Trader disclosure: On Feb.28, 2008, 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 (YHOO), (INTC); Seymour Owns (AAPL), (BX), (DELL), (INTC), (MER), (MSFT), (TMA), (TSL), (SHLD), (SBUX); Seygem Asset Management Is Short (PBR); Seymour Is Short (S); Pete Najarian Owns (AAPL), (BIIB), (C), (MS), (MSFT), (NVS), (XLF), (CSCO), (BKC), (MCD); Pete Najarian Owns (XTO) Calls, (IVN) Calls; Pete Najarian Owns (YHOO) And (YHOO) Calls; Jon Najarian Owns (FRE), (FNM), (GS)