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.