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Hedge Fund Trade Of The Week: Heinz

Thursday, 2 Sep 2010 | 5:48 PM ET

Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!

This week’s trade is long Heniz.

Check out some of the company's stats:

Heinz (HNZ)
Sector: Consumer Non-Cyclical
Industry: Food Processing
Based in Pittsburgh, PA
Market Cap: 14.8 billion
52-week high: $47.84
52-week low: $37.42


”While people are slathering their hot dogs with ketchup this Labor Day, the stock will be trading at about 15 times 2011 estimates, slightly below it’s 5 year average.”

And just like Heinz is the ketchup of anticipation, Scaramucci anticipates good things in this name.

“It beat earnings on Wednesday, it has a stable product line, great brands and a 3.9% dividend yield.”

Hedge Fund Trade of the Week
A trade that's fit for the holiday, with Anthony Scaramucci, SkyBridge Capital.


* Anthony Scaramucci runs SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management. Every week on Fast Money, Scaramucci, aka 'The Hedge', takes you behind the hedges, giving you an unprecedented look at the names getting the most chatter amongst the hedge fund community.



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Trader disclosure: On Sept. 2nd, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (RIG); Grasso owns (ASTM), (BA), (BAC), (C), (CSCO), (JPM), (LPX), (MO), (MOT), (NDAQ), (PFE), (PRST); Terranova Owns (APA), (AAPL), (BMO), (FCX), (GS), (IBM), (MRVL), (QCOM), (OXY), (SU), (TER), (XBI), (C), (POT), (GLD); Jon Najarian owns (PDE); Jon Najarian owns (SDRL) ; Jon Najarian owns (BRCD); Jon Najarian owns (MCO); Jon Najarian owns (CEPH); Jon Najarian owns (AAPL) call spreads; Jon Najarian owns (DRIV) call spreads; Jon Najarian owns (JWN)

For Steve Grasso:
Stuart Frankel & Co and it’s partners own (BAX
Stuart Frankel & Co and it’s partners own (COG)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (DHR)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HPQ)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (TRV)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)

For Joe Terranova
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (DRYS)
Virtus Investment Partners own more than 1% of (EXR)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (XLK)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)

For Brian Kelly
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own (XBI)
Accounts managed by Kanundrum Capital own U.S. Dollars
Accounts managed by Kanundrum Capital own (POT)
Accounts managed by Kanundrum Capital own (TBT)
Accounts managed by Kanundrum Capital own (RAX)
Accounts managed by Kanundrum Capital own (SGG)
Accounts managed by Kanundrum Capital is short (XLF)
Accounts managed by Kanundrum Capital is short (IAI)
Accounts managed by Kanundrum Capital is short (MCO)
Accounts managed by Kanundrum Capital is short the Mexican Peso

For David Rosenberg
***No Disclosures***

For Doug Sipkin
Ticonderoga Securities LLC makes a market in ART, BLK, EV, BEN, GS, GHL, IVZ, JNS, JEF, LAZ, LM, MS, RJF, SF, and TROW ecurities

For Anthony Scaramucci
Scaramucci and SkyBridge Capital own (HNZ)

For Brian Stutland
***No Disclosures***

For Greg Locraft
Greg Locraft owns (ACE), (CB) (TRV)

Morgan Stanley makes a market in (ACE) (ALL), (ACGL), (AXS), (CB), (PGR), (TVL), (WRB), (XL)

Within the last 12 months, Morgan Stanley has received compensation for investment banking services from (ACE), (ALL), (AXS), (CB), (PGR), (TRV), (XL)

In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from (ACE), (ALL), (ACGL), (AXS), (CB), (PGR), (TVL), (WRB), (XL).

Within the last 12 months, Morgan Stanley has received compensation for products and services other than investment banking services from (ALL), (ACGL), (CB), (PGR), (TVL), (WRB)

Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to, or has an investment banking client relationship with, the following company: (ACE) (ALL), (ACGL), (AXS), (CB), (PGR), (TVL), (WRB), (XL)

CNBC.com and wires

  Price   Change %Change
HNZ
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