Brazilians used to joke that their country was the country of the future – and always would be because a new crisis seemed to crop up every time the economy came close to fulfilling its potential.

Brazilian stocks have been pummeled in October’s global market rout. But Martin Hutchinson says this has created a great opportunity for investors. South America’s largest economy still has a robust growth outlook and moderate inflation. These six “bargain basement” stocks are now well worth a look.

Brazil is no longer just a tourist hot spot, but a solid profit play for savvy investors, too. And one of the best ways to profit from Brazil’s expected 4.8% growth in gross domestic product this year is to invest in one of the Latin American nation’s infrastructure-focused firms.

If you’re a global investor looking for global profits – including one potential way to double your money – you need to “Hit the BRICs.”

Brazilian stocks as measured by the country’s Bovespa benchmark stock index has fallen 20% from its May 20 record, but that doesn’t mean it’s time to give up on Latin America’s largest economy. Brazil still has plenty to offer, and with stock valuations low, it’s a good time to go bargain hunting.

Brazil is a lot like a person who gets a new job, pays off some of his debts, and has his credit score upgraded.