Chinese and Indian stocks? They're sooo 2006.
That's the prevailing opinion among the more than 83,000 investors participating in Motley Fool CAPS, the Fool's free investor-intelligence community.
These days, many investors want to tap the growth potential of South American stocks. In fact, four of the top 50 rated stocks in the CAPS universe hail from Argentina, Chile, or Brazil.
Feliz ano novoLast year, 2007, was a good one for many South American stocks on U.S. exchanges. Among last year's winners were Companhia de Minas Buenaventura (NYSE: BVN) and Petrobras.
Of course, not all South American stocks surged in 2007. Like many U.S. banks, financials like Banco Macro (NYSE: BMA) struggled with the global credit mess.
While the Argentinean, Brazilian, and Chilean economies are expected to maintain strong growth in 2008, this doesn't necessarily mean that the region's stock markets will keep pace.
Bringing South America to you
The Fool was so intrigued by investment opportunities in South America, we recently sent members of our Motley Fool Global Gains team to Argentina, Brazil, and Chile to meet with local companies and get a better understanding of investing opportunities in the region. Among the companies they visited were MercadoLibre (Nasdaq: MELI), the eBay of South America, and Cresud, an Argentinean farm products manufacturer -- essentially a smaller version of farm giants like Archer Daniels Midland (NYSE: ADM) and Bunge (NYSE: BG) here in the U.S.
By Todd Venning - www.fool.com
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