Latin Stocks Making a Bundle Selling Commodities to China
There is no shortage of Latin American stocks that are making a bundle selling to the Chinese. Here is a short list of Latin American natural resource stocks that are traded on the NYSE and Nasdaq.
Cresud Inc. (Nasdaq:CRESY) owns almost 700,000 acres of farmland, primarily in Argentina, and produces beef, milk, wheat, corn, soybean, and sunflower, and sorghum.
Compania de Minas Buenaventura SA (NYSE:BVN) is primarily a precious metals company but it also produces a significant amount of zinc, lead, and copper.
Gruma, SAB (NYSE:GMK) is a Mexican company that produces rice, oats, corn flour, and wheat flour.
Petrobras Argentina SA (NSYE:PZE) engages in the oil exploration and production activities in Bolivia, Ecuador, Peru, and Venezuela as well as Argentina.
Tenaris SA (NYSE:TS) produces seamless and welded steel tubular products and related services for the oil and gas industry.
Petroleo Brasileiro SA (NYSE:PBR) is an oil and natural gas exploration, production, and refining company.
BRF Brasil Foods SA (NYSE:BRFS) produces 40% of Brazil’s pork exports.
Vale SA (NYSE:VALE) engages in the exploration, production, and sale of basic metals — iron, copper, nickel, and aluminum — in Brazil.
Those are just some of the ADRs (American Depositary Receipts), so if you’re savvy enough to not limit yourself only to the U.S. exchanges, there are DOZENS of other fantastic Latin American energy, mining, and agriculture stocks to consider.
If you’re more of an exchange traded fund investor, there are plenty of Latin American ETFs, such as iShares S&P Latin America 40 Index (NYSE:ILF) and SPDR Emerging Latin America (NYSE:GML), to consider.
If you’re looking for more in-depth research and investment ideas for Latin America, I highly recommend Emerging Markets Winners, edited by my good friend Rudy Martin. Rudy is one of the top experts on Latin America stocks.
Lastly, please keep in mind that I’m not suggesting that you rush out and buy any of these stocks or ETFs. As you know, timing is everything when it comes to investing, so you should do your own homework and wait for stocks to go on sale before jumping in.
Best wishes,
Tony
P.S. I will soon be flying to Malaysia, one of the most dynamic, fastest growing economies in the world, so keep your eyes open for an invitation to an upcoming webcast about the most exciting opportunities you’ve never heard of. |
