Fast Money World: South Of The Border Buys

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In the U.S., consumers are just starting to feel the impact of ethanol-juiced corn prices. But in Mexico, corn plays a central role in both diet and lifestyle. A 14% rise in tortilla prices has led to protests in the streets and political unrest.

Still, amid the turmoil, Mexican stocks continue to soar. Tax reform and faster economic growth than the United States, has boosted the the iShares MSCI Mexico Index ETF, (EWW) more than 10% this year.

Not to mention, Mexico’s Carlos Slim just passed Warren Buffet as the world's second-richest man. The fast money in Mexico...that's tonight's fast money world.

Eric Bolling says the trade is Gruma (GMK) the world’s largest maker of tortillas. He explains the CEO comes from General Mills (GIS) and Eric adds 2/3 of their sales are outside Mexico (That’s important because in Mexico there’s a freeze on tortilla prices.)

Tim Strazzini prefers Desarrolladora Homex (HXM) a home builder and explains in Mexico, they are not experiencing a slowdown in home sales.

Symbol
Price
 
Change
%Change
534388
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GRUMAB
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HOMEX
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Questions? Comments? fastmoney@cnbc.com

Trader disclosure:
On APR 16, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Strazzini Owns (POT), (TIN), (YHOO), (WY) Bolling Owns (NMX), Gold, Silver, (SZE), (VE) Najarian Owns (WM), (ETFC), (XLF), (EWBC)