All week we’re talking with the most influential traders that specialize in BRIC nations. On day 3 of this series we look at China.
Of all the BRIC nations, none makes headlines more regularly than China. In the news on Wednesday, there’s chatter that Beijing may be ready to revalue the yuan.
The flames of speculation are being fanned by Secretary Geithner’s trip to Beijing on Thursday in which he will meet with Vice Premier Wang Qishan.
Although the administration gave no details of the agenda, it’s widely believed the decision to hold such a high-level encounter suggests Washington and Beijing are moving toward settling the currency dispute.
Considering all the rapid developments, it’s critical for an investor to be nimble. And few investors are more nimble than Richard Kang, CIO and Director of Research at Emerging Global Advisors; he manages $100 million in China.
Kang tells us he's broadly bullish on China and a buyer of dips though he feels the nation is now more of a consumer play. If you're looking for a trade “Look at Jiangxi Copper,” he counsels.
“I like playing China with PetroChina , and China Petroleum,” adds Tim Seymour.
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Trader disclosure: On Apr 7, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Jon Najarian Owns owns call spreads in (PALM), (TXT), (AAPL); Jon Najarian Owns (AAPL) Call Spreads; Jon Najarian Owns (AKS), Is Short (AKS) Calls; Jon Najarian Owns (BAC) Preferred; Jon Najarian Owns (FCX), Is Short (FCX) Calls; Jon Najarian Owns (C) Preferred; Jon Najarian Owns (GS), Is Short (GS) Calls; Jon Najarian Owns (IP) Call Spreads; Jon Najarian Owns (MCD), Is Short (MCD) Calls; Jon Najarian Owns (MS) Preferred; Jon Najarian Owns (NYT); Jon Najarian Owns (PALM) Call Spreads; Jon Najarian Owns (RIMM), Is Short (RIMM) Calls; Jon Najarian Owns (WFC) Preferred; Jon Najarian Owns (WMT), Is Short (WMT) Calls; Jon Najarian Owns (PALM) Call Spreads, (TXT) Call Spreads, (AAPL) Call Spreads; Terranova Owns Gold, Oil; Terranova Is Short (XLY); Kelly Owns (FXE) Puts; Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leap; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm And Finerman Own (CVS); Finerman's Firm And Finerman Own (JPM); Finerman Owns (USO); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (WMT), (YUM), (MCD), (SKS); Funds Managed By Dennis Gartman Are Short S&P 500; Funds Managed By Dennis Gartman Are Short Euro; Funds Managed By Dennis Gartman Are Short Yen’ Funds Managed By Dennis Gartman Are Long Gold; Funds Managed By Dennis Gartman Are Long Natural Gas Trusts; Funds Managed By Dennis Gartman Are Long Copper; Funds Managed By Dennis Gartman Own (AAPL); Funds Managed By Dennis Gartman Own (DRI); Funds Managed By Dennis Gartman Own (FCX); Funds Managed By Dennis Gartman Own (GLD); Funds Managed By Dennis Gartman Own (PNRA); Funds Managed By Dennis Gartman Are Short (RIMM); Funds Managed By Dennis Gartman Are Short (SPLS)
For Deborah Weinswig
Citi Employees Own (WMT)
A Citi Employee Owns (JCP)
A Citi Employee Owns (LOW)
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (SKS)
Citigroup Global Markets Or Affiliates Has Managed Or Co-Managed An Offering Of (KR), (SVU), (WMT) In Past 12 Months
Citigroup Global Markets Or Affiliates Have Received Investment Banking Compensation For Services Provided In Past 12 Months From (KR), (SKS), (SVU), (WMT)
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation In Past 12 Months From (HD), (JCP), (KSS), (KR), (M), (SWY), (SVU), (WAG), (WMT), (COST)
(KR), (SKS), (SVU), (WMT) Are Or In Past 12 Months Were Investment Banking Clients Of Citigroup Global Markets
(CVS), (HD), (JCP), (KSS), (KR), (M), (SWY), (SKS), (SVU), (WAG), (WMT),
(COST) Are Or In Past 12 Montsh Were Clients Of Citigroup Global Markets (Non-Investment Banking, Securities-Related Services)
(HD), (JCP), (KSS), (KR), (M), (SWY), (SVU), (WAG), (WMT), (COST) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment-Banking, Non-Securities Related Services)
Citigroup Global Markets Is A Market Maker In (CVS), (M), (COST)
Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (CVS), (HD), (JCP), (KSS), (KR), (LOW), (M), (JWN), (SWY), (SKS), (SVU), (WMT), (COST)
Citigroup Global Markets Or Affiliates Beneficially Owns 5% Or More Of (SKS)
For Richard Kang
Emerging Global Advisors Owns Jiangxi Copper Co. HK Listed Shares In Its ETFs
Emerging Global Advisors Owns China Telecom Corp. HK Listed Shares In Its ETF
For Ben Fulton
Invesco PowerShares Sponsors And Manages (XLYS), (XLPS), (XLES), (XLFS), (XLVS), (XLIS), (XLKS), (XLBS), (XLUS)
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