Ternium (NYSE: TX) is one of the largest Latin American steel producers, with operations primarily in Mexico and Argentina. Much of the company’s raw materials are produced at three iron ore mines and an ore processing facility located in Mexico, which supplies the company’s mills which are capable of producing 10 million tons of finished flat and long steel products per year. About 85 percent of the company’s production is flat rolled steel, primarily used in the automotive market.

Wall Street estimates for the company have become increasing optimistic over the past few months, with analysts forecasting full-year earnings of $1.54 per ADR, up from just 95 cents three months ago and representing year-over-year growth of 120 percent. Despite that strong shift in analyst sentiment, shares are up only 3 percent over the same period.

With strong growth prospects in a growing market, Ternium is a great buy up to 34 and a new addition to the portfolio.

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While Vietnam is an extremely attractive market for 2014, it is a relatively difficult one for retail investors to access. But Market Vectors Vietnam ETF (NYSE: VNM) is an easy way to tap into Vietnam’s attractive growth prospects while enjoying broad diversification.

Vietnam is benefiting from raising labor costs in China as well as its own improving economic fundamentals, making Market Vectors Vietnam ETF the newest addition to our portfolio as a buy up to 25.

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Given a slowing automation market and deteriorating Sino-Japanese relations, we’re selling KEYENCE Corp to lock in a hefty gain of about 50 percent over the year.

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