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 Teva

TEVA loading...

Quote  |  Chart  |  News  |  Profile

[TEVA  Loading...      ()   ] a pharmaceutical company specializing in generic medicines.

According to its website, Teva produces generic drugs in all major therapeutics and steriles in a variety of dosage forms, from tablets and capsules to ointments, creams and liquids.

In addition, Teva manufactures innovative drugs in niche markets where it has a relative advantage in research and development.

(TEVA) Loading...       (%)

Check out the chart and some of the company’s stats:

Teva (TEVA)
Sector: Health Care
Industry: Biotechnology and Drugs
Based in: Israel
Market Cap: $42.9 billion
52-week high: $62.40
52-week low: $44.86

Anthony Scaramucci selects this stock as his Hedge Fund Trade of the Week because it’s been beaten up recently. The stock touched a 52-week low in Monday's session.

As you might recall, this stock was also his hedge fund trade of the week back on February 11^th when the stock was trading around $51.

Scaramucci admits he deserves a little Fast Fire for being early, but as you might imagine, he thought it was a value at $51 and now he finds it even more of a value at $45.71, the stock’s closing price on Monday April 25^th.

”I still like this name and I’m bringing it back out as a hedge fund trade of the week,” he says.

He thinks reports that that Biogen is in Phase 3 trials of a rival drug to treat MS were largely behind the recent sell-off - a move he calls "an over reaction."

He’s reiterating a price target of $70 on the stock.

And Scaramucci isn’t the only top hedgie that’s bullish. Blue Ridge, Maverick, and John Paulson also hold long positions in Teva.

Click here to check out other Hedge Fund Trade Of The Week posts

* 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.

 

FAST MONEY // Latest Rapid Recap

Go to Main Page

 

Current DateTime: 06:06:28 29 May 2012
LinksList Documentid: 26256943

• • Desperately Seeking Dividend Yield
  • Tech Is Trying to Tell You Something: Terranova
  • Charts Suggest S&P Revisits Flat on Year: Top Analyst
  • Airlines Taking Flight?
  • Three Stocks For Thursday
  • Next Stop for Oil - $88.55
  • QE3 Likelihood Still ‘Pretty Good’: Jan Hatzius

Current DateTime: 06:06:28 29 May 2012
LinksList Documentid: 26256941

• Super Traders Slideshow
• Daily Poll: Tell Us What You Think!
• Word On The Street

______________________________________________________
Got something to to say? Send us an e-mail at 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 Web site send those e-mails to .

Trader disclosure: On April 25, 2011, 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); Seymour owns (BX); Seymour owns (F); Seymour owns (GE); Seymour owns (POT); Grasso owns (AMD); Grasso owns (ASTM); Grasso owns (BA); Grasso owns (BAC); Grasso owns (C); Grasso owns (CSCO); Grasso owns (D); Grasso owns (JPM); Grasso owns (LIT); Grasso owns (LPX); Grasso owns (MHY); Grasso owns (NDAQ); Grasso owns (PFE); Grasso owns (PRST); Grasso owns (TEVA); Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finerman and Finerman's firm own (CVS); Finerman's firm owns (IBM); Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman owns (UNG); Finerman owns (USO); Finerman's firm is short (IWM), (MDY), (SPY); Finerman's firm is long S&P 500 puts; Finerman's firm is long Russell 2000 puts; Terranova owns (VRTS); Terranova owns (JPM); Terranova owns (V); Terranova owns (BX); Terranova owns (UPL); Terranova owns (HOC); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (FCX); Terranova owns (OXY); Terranova owns (APA); Terranova owns (SLV); Terranova owns (XOM); Terranova owns (AKAM)

For Anthony Scaramucci
SkyBridge Is A Fund Of Funds Manager
Funds Held May Or May Not Own The Recommended Securities

For Steve Grasso:
Stuart Frankel & Co and its partners own (AMD)
Stuart Frankel & Co and its partners own (AOL)
Stuart Frankel & Co and its partners own (CSCO)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HPQ)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own (MSFT)
Stuart Frankel & Co and its partners own (NYX)
Stuart Frankel & Co and its partners own (PFE)
Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners own (UAL)
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners are short (QQQQ)
Stuart Frankel & Co and its partners are short (AAPL)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of  DOMINO'S PIZZA UK & IRL PLC

For Brian Kelly
Accounts Managed by Brian Kelly Capital own (SLV)
Accounts Managed by Brian Kelly Capital own (GLD)
Accounts Managed by Brian Kelly Capital own (EBAY)
Accounts Managed by Brian Kelly Capital own (ARMH)
Accounts Managed by Brian Kelly Capital own (BCSI)
Accounts Managed by Brian Kelly Capital own (SU)
Accounts Managed by Brian Kelly Capital own (CNQ)
Accounts Managed by Brian Kelly Capital own (UPL)
Accounts Managed by Brian Kelly Capital own silver futures
Accounts Managed by Brian Kelly Capital own gold futures
Accounts Managed by Brian Kelly Capital own soybeans futures
Accounts Managed by Brian Kelly Capital own natural gas futures

For John Stephenson
Stephenson is long gold and silver futures
Stephenson is long (SSRI)
Stephenson is long (SLV) and (GLD)

For Michael Pachter SOT from FMHR 4/25/11
Wedbush Securities Is A Market Maker in (NFLX)

For Carter Worth
**No Disclosures

For Brian Stutland
**No disclosures

Mike Khouw
**No Disclosures


CNBC.com with wires.