Power To The People

While Venezuela President Hugo Chavez shuts down TV stations and threatens to takeover banks and steel companies in the name of the people the rest of Latin America is truly empowering their people.

After years of having economies based solely on commodity exports such as grains and metals, many countries in Latin America including Brazil and Mexico are starting to foster growth from within. More credit, higher wages, and lower interest rates are all allowing the people to buy more. What's the trade as Latin America learns to spend like its neighbor to the north?

Constance Hunter, Managing Partner at Coronat Capital joins the guys for this conversation

Hunter says the trade is Homex (HXM) because there is a shortage of homes in Mexico, as well as Bancolombia (CIB).

Eric Bolling likes Companhia de Bebidas das Americas (AVBPF) in Brazil and Cemex (CX) in Mexico.

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Trader disclosure: On June 11 2007, 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 (MNKD), (AAPL), (VSE), (ELN), (MYGN), (TXN) Bolling Owns Sugar, (BP); Bolling Is Short S&P And Nasaq Futures; Bolling Has Closed Out Of His Coffee Trade
GE Is The Parent Company Of CNBC; CNBC Is A Service Of NBC Universal And Dow Jones
Coronat Capital Management Owns (HXM), (UBB), (CIB) Grupo Famsa