Top hedge fund manager Anthony Scaramucci has been on the ground at the World Economic Forum in Davos. And after talking with some of the most influential people in the world, he put four stocks on his radar.The first two are Bank of America and Citigroup .Scaramucci tells us the sentiment in Davos is that the US Federal Reserve has done a fantastic job navigating the recent financial crisis. And that widely held belief should help the ECB stem the woes of Europe.
“All of that should benefit Bank of America and Citi,” he says. As you might remember, on Wednesday January 25th Scaramucci also recommended long positions in these two banks as plays on a housing recovery .“Household formation is much larger than people expected and home construction is down – that augers for a bottom,” he said at the time.The other two stocks he likes are Becton Dickinson and Allscripts .As campaign finance chair for Mitt Romney, Scaramucci says the chatter at Davos suggests Gov. Romney will win the nomination and the White House.
Of course Scaramucci is bias on that issue – we know that.
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But Scaramucci concedes that even if he’s wrong and President Obama is re-elected for 4 more years, he too is committed to improving health care efficiency. With at least two candidates committed to improved medical technology, the odds of new revenue opportunities are favorable for Becton Dickinson and Allscripts.
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Trader disclosure: On Jan 27, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns WFT; Grasso owns XLU; Karabell is long HON; Karabell is long CAT; Karabell is long QCOM; Karabell is long BIDU; Karabell is long VMU; Karabell is short JCP; Karabell is short XLF
For Steve GrassoStuart Frankel & Co and it’s partners own CSCOStuart Frankel & Co and it’s partners own CUBAStuart Frankel & Co and it’s partners own GERNStuart Frankel & Co and it’s partners own HPQStuart Frankel & Co and it’s partners own HSPOStuart Frankel & Co and it’s partners own MUStuart Frankel & Co and it’s partners own NYXStuart Frankel & Co and it’s partners own PRSTStuart Frankel & Co and it’s partners own WFTStuart Frankel & Co and it’s partners own XRX
For Patty EdwardsTrutina Financial is long GLDTrutina Financial is long PGMTrutina Financial is long INTCTrutina Financial is long TTrutina Financial is long SBUXTrutina Financial is long NOVTrutina Financial is long SBUX
For Adam Jonas (F) The following analysts hereby certify that their views about the companies and their securities discussed in this report are accurately expressed and that they have not received and will not receive direct or indirect compensation in exchange for expressing specific recommendations or views in this report: Adam Jonas.
For Jim Mccluney No disclosures
For Willie Williams No disclosures
For Jeff KlinefelterA Piper Jaffray officer, director, or employee (other than a research analyst who follows J. C. Penney Company, Inc.), is an officer and/or director of J. C. Penney Company, Inc.Piper Jaffray beneficially owns 1% or more of a class of common equity securities of J. C. Penney Company, Inc.Piper Jaffray usually provides bids and offers for the securities of J. C. Penney Company, Inc. and will, from time to time, buy and sell J. C. Penney Company, Inc. securities on a principal basis.
For Dan Dicker Dicker is long RIG
For Dennis Gartman Gartman is long gold
For Anthony ScaramucciScaramucci is long CScaramucci is long BACScaramucci is long GDScaramucci is long BDXSkyBridge Capital Is A Fund Of Funds Manager Anthony Scaramucci is one of 8 national finance chairs for Mitt Romney campaign Held a fundraiser for Mitt Romney Has contributed to the Romney campaignCNBC.com with wires.