1. Coca-Cola Femsa (KOF) : Coca-Cola Femsa is the largest franchise bottler of Coca-Cola trademark beverages in the world, delivering more than four billion unit cases a year. It services predominantly the Latin American market and will benefit from the sale of Coca-Cola products in the Cuban marketplace.
2. Lennar (LEN) : A homebuilder with a heavy focus on the Florida housing market. It is headquartered out of Miami. With Cuba just 90 miles away from Florida, it is logical to think increased Cuban immigration should help this homebuilder.
3. Seaboard (SEB) : Seaboard is an agribusiness and transportation company. It is engaged in the production, processing and ocean transportation of pork worldwide. It will benefit from increased food exports to Cuba.
4. Copa Holdings (CPA) : Copa Holdings is an airline passenger and cargo service in Latin America. It provides services within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, México, Cuba, Guatemala and Costa Rica. Increased Cuban tourism and travel only serves to aid the bottom line.
5. MasTec (MTZ) : MasTec is an infrastructure construction company and provides engineering, building, installation, maintenance and upgrade services for energy, utility and communications infrastructure. This is more a play on energy infrastructure in an auspicious location relative to Cuba. The company is headquartered out of Coral Gables, Florida.
6. Royal Caribbean Cruises (RCL) : Another logical investment because of the expected increase in tourism and cruise vacationing to Cuba.
7. Watsco (WSO) : Watsco distributes air conditioning, heating, and refrigeration equipment, as well as related parts and supplies in the United States, Canada, Mexico and Puerto Rico. Like Lennar, it could profit on increased housing and appliances via Cuban immigration.
8. Banco Latinoamericano de Comercio Exterior (BLX) The Panamanian company provides trade finance services to corporations, sovereign, middle-market companies and banking and financial institutions in Latin America and the Caribbean. It serves to benefit from increased American and Cuban fiscal and economic activity.
9. Bancolombia (CIB) : This full-service financial institution provides various banking products and services to individual and corporate customers. It is also a play on increased financing and banking activity in absence of the embargo.
10. Consolidated Water (CWCO) : Consolidated Water develops and operates seawater desalination plants and water distribution systems:, making more clean drinking water. An odd investment at first glance, it becomes more logical once you consider the state of Cuba's access to clean drinking water. As tourism and interaction with Cuba increases, so will its need for ubiquitous access to clean water. Consolidated Water should benefit handsomely from this.