You know that Tim Seymour is bullish on China but now he’s got three new reasons to get long. Should you follow any of them?
Disney
The Ambassador was jazzed to hear that Disney is another step closer to opening a new theme park in China.
Government approval came down this week allowing Shanghai -- China's biggest city -- and Disney to work on final details for the amusement park, to be located in the city's eastern Pudong district.
The initial phase of the project would include a "Magic Kingdom-style theme park with characteristics tailored to the Shanghai region." Amenities will be consistent with other Disney resorts in the world.
Novartis
Seymour was keen to hear Novartis is investing $1 billion to build the largest pharmaceutical research plant in China, emphasizing the importance of developing markets for future growth.
Novartis said it was also investing $250 million in a second research and development and manufacturing facility in Changshu.
Cisco
Seymour also has an eye on Cisco after learning the computer networking colossus inked a deal to buy DVN Holdings.
Hong Kong based DVN is a leading maker of set-top boxes for digital cable and the acquisition bolsters Cisco’s presence in China, significantly.
What’s the trade?
80 million people will live within 3 hours of Disney’s Shanghai theme park, says Joe Terranova. Long-term it’s a reason to own Disney but in the near term valuations are rich.
I like the direction Novartis is taking, adds Pete Najarian.
I’m not sure the acquisition mentioned above is a reason to own Cisco, adds Guy Adami, but their earnings release on Thursday sure is.
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Trader disclosure: On November 4th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (CSCO), Is Short (CSCO) Calls; Najarian Owns (GE) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (UUP) Calls; Najarian Owns (YHOO), (YHOO) Puts; Najarian Owns (TXN); Terranova Owns (GS), (RIMM), (CAM), (MA), (OIH); Terranova Owns December Gold Futures; Seygem Asset Management Owns (BSBR)
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