Gains in global markets have attracted the "Fast Money" traders as the move higher in U.S. stocks pales in comparison.
Trader Tim Seymour said he likes the iShares MSCI Emerging Markets ETF (EEM) (NYSE Arca: EEM) and SPDR Euro STOXX 50 ETF (FEZ) (NYSE Arca: FEZ) because they have outperformed the S&P 500 index (INDEX: .SPX) since the beginning of the year. He said the euro is strengthening and will help a rally in European markets. The SPDR S&P 500 Trust ETF (SPY) (NYSE Arca: SPY) is up over 5 percent year to date, while EEM is up over 12 percent year to date and the FEZ is up almost 9 percent year to date.
Trader Karen Finerman said she is expecting a lot of upside from global markets and the revival is early. She said the move higher with commodities such as copper and led supports her fervor for the global play as they push those economies forward. She likes EEM, iShares MSCI Mexico Capped ETF (EWW) (NYSE Arca: EWW) and WisdomTree India Earnings ETF (EPI) (NYSE Arca: EPI).
Trader Guy Adami said he likes the Deutsche Borse DAX Index (: .GDAX)because it has gained back major losses from 2015 and 2016 and has more room to run. The DAX is up over 7 percent year to date.
Trader Steve Grasso said he made a move into EEM right after the election. He said if the Trump administration continues to struggle to push its policies, emerging markets will continue to climb higher and he's staying put.
Tim Seymour is long ABX, AAPL, APC, AVP, BAC, BBRY, C, CLF, CVX, DO, DVYE, EDC, EWN, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD, MOS, MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, SQ,T, TWTR, VALE, VZ, XOM. short: EEM, SPY, XRT; Tim's firm is long ABX, BABA, BIDU, CBD, CLF, EEM, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, TCEHY, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM
Karen is long AAL, BAC, BAC short calls, C, DAL, EEM, EPI, EWW, DVYE, FB, FL, GLMP, GOGO, GOOG, GOOGL, JPM, LYV, KORS, KORS calls, KORS puts, MA, SEDG, SPY puts, TACO, WIFI long call spreads. Her firm is long ANTM, BAC, C, C calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, PLCE, SPY puts, WIFI, her firm is short IWM, MDY. Karen Finerman is on the board of GrafTech International.
Steve Grasso's firm is long AON, BX, CUBA, DIA, EXAR, F, HES, ICE, KDUS, MAT, MFIN, MJNA, MSFT, NE, RIG, SNAP, SPY, SQBG, TITXF, WDR, WPX, ZNGA. Grasso is long CHK, EEM, EVGN, GDX, KBH, MJNA, MON, OLN, PFE, PHM, T, TWTR, VRX. Grasso's children own: EFA, EFG, EWJ, IJR, SPY. NO SHORTS.
Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.
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