Mexican stocks rose on Monday, boosted by gains in shares of telecommunications bellwether America Movil and mining companies.
Meanwhile, word from the Institute for Supply Management that the service sector of the U.S. economy did not contract in April was received as positive news. Mexico sends around 80 percent of it exports to its northern neighbor.
I think conditions in Mexico are ideal for growth, says Tim Seymour Fast Money’s favorite emerging markets specialist. Low interest rates combined with low inflation have created an environment where the housing and infrastructure sectors are experiencing fantastic business.
Look at Cemex , America Movil, Homex, and Walmex (a division of Wal-Mart), he counsels.
Find out about all the companies in the Emerging Money Top 20, an index made up of 20 firms poised to profit from explosive global growth.
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Trader disclosure: On May 5, 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 (MSFT), (DIS), (INTC), (HAS); Adami Owns (AGU), (NUE), (BTU), (C), (GS), (INTC), (MSFT); Najarian Owns (AAPL), (TSO), (XLF); Najarian Owns (C) Calls, (MSFT) Calls, (POT) Calls, (BUD) Calls; Najarian Owns (YHOO) And Is Short (YHOO) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (MSFT), (TSO), (VLO), (VCLK); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Is Short The British Pound; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (FNM) Calls; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC
Seygem Asset Management Owns (CX)