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Cramer's Grooming Tip: Get A Brazilian (PBR, RIO, AMX, GFA, MELI, GOL, EWZ)
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This week on MAD MONEY on CNBC, Jim Cramer had some international advice. He wants portfolios to have Brazilians, but not the waxing type. He has an oil play, a metals and mining play, a Latin American telecom play, and even a housing play. Below are his picks and some of the stats for the stocks, and we followed up with some other recent Cramer picks for Brazil or Latin America and even threw in the more diversified ETF’s:
Another recent Cramer pick on Latin America was the individual and corporate e-commerce platform provider MercadoLibre (NASDAQ: MELI), although this one was battered and deep fried in recent weeks and we recently questioned whether or not you should buy the stock since it tapped the secondary markets this soon. It is based in Argentina, but also has ‘clientes’ in Brazil and elsewhere in Latin America. In the past Cramer also noted GOL as the airline of choice for Brazil.
We know that Cramer would rather have a diversified portfolio of roughly five large stocks at any time rather than mutual funds, but there are many diversified ways to play the Brazilian stock market without having to choose one of the individual stocks. If investors want to diversify via ETF’s, there is always the iShares MSCI Brazil Index (NYSE: EWZ). It closed at $75.11 Friday and its 52-week trading range is $39.80 to $87.67.
A way to partially play Brazil with more diversification is also the SPDR S&P BRIC 40 (AMEX: BIK), although as a "BRIC" play you have to understand that this is more geographically diversified as Brazil, Russia, India, and China. The iShares also has a similar one called the iShares MSCI BRIC Index (NYSE: BKF), and Claymore has the Claymore/BNY BRIC (AMEX: EEB).
Jon C. Ogg
February 9, 2008
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