×

The "What's Next" Trade: Olympics

graphic_fast_money.jpg

The Beijing games are a little less than two months away but as far as Wall Street is concerned they might as well be over. The spending on roads, airports and stadiums is all but done.

Now attention turns to another powerful and controversial country set to take the world stage in 6 years. Russia will be hosting the winter Olympics in 2014. And while that might seem like a long time from now, it’s just a stone’s throw as Russia attempts to transform the small snowy town of Sochi into the "gateway to the future."

Russia is pledging a $12 billion budget for the town but like China, the biggest investment windfall will come from the estimated $200 billion in rail and energy improvements.

Make no mistake, Russia will want to show off at the games. How can you trade what's next?

I think you play infrastructure, says Tim Seymour. The Market Vector Russia ETF Trust is probably the best way to do it in this country. But when you’re buying Russia you’re not only playing the Olympics, you’re buying forward earnings that are probably as cheap as anything you’ll find in emerging markets.


Read More:

What’s Next: iPhone


















______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On June 10, 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 (INTC), (MSFT), (DIS), (WMT); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman Owns (GS); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (AAPL); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (XME) Puts; Finerman's Firm Is Short British Pound; Finerman's Firm Is Short (GLD), (IYR), (IJR), (MDY), (SPY), (IWM); Seymour Owns (AAPL), (F), (INTC), (MER), (MSFT), (TSO), (EEV); Seygem Asset Management Owns Gazprom, (HAL), (TUR; Gazprom Trades Over The Counter In The U.S. But Trades On The Exchange In London