GO
Loading...

Hedgie Hot Stock: High-Yielding, Defensive Play

Wednesday, 16 Jun 2010 | 6:20 PM ET

Amid the Gulf oil spill, a falling euro and pending financial regulatory reform, where was the big money going to work?

Reynolds American is the Hedge Fund Trade of the Week, says Anthony Scaramucci of Skybridge Capital. The Winston-Salem, N.C.-based company has a great dividend of 6.9% yield. It also outperformed the S&P 500 by 20% in the past two years.

Hedge Fund Trade of the Week
Where the fastest traders are putting their money amid the BP spill, with Anthony Scaramucci, Skybridge Capital.

Scaramucci says asset managers are looking for companies like this to avoid the oil spill in the Gulf, the European debt crisis and the debate over financial regulatory reform. He thinks RAI is a safe, defensive name.

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

  Price   Change %Change
RAI
---
PM
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report