You might say the land down under is over-performing. Following more than 15 straight years of economic growth, the Australia index is breaking out. And you can play it here at home through the Aussie ETF iShares MSCI Australia Index Fund (EWA). Forget Foster's and Outback Steakhouse, as commodity prices continue to soar, the real money has been in the miners such as Melbourne-based BHP Billiton (BHP). Around the world in 80 trades; next stop: Australia.
Tourist Tip: The world’s largest coal exporter
ETFs:iShares MSCI Australia Index Fund (EWA)
Stocks You Can Buy:BHP Billiton (BHP), Natl. Australia Bank (NAB), Westpac (WBK), Australia & New Zealand Banking (ANZ)
Pete Najarian says Australia is filled with natural resources.
Eric Bolling says BHP is a fantastic stock.
Jeff Macke likes Rinker Group (RIN) which is a manufacturer and supplier of heavy building materials in the United States and Australia.
Since Australia is separated from the rest of the world, Eric Bolling says they’re more susceptible to shipping issues. He suggests getting long shippers as a hedge.
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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
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