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 40.34
-0.33 (-0.81%) ] 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.
Check out the chart and some of the company’s stats:Teva (TEVA)Sector: Health CareIndustry: Biotechnology and DrugsBased in: IsraelMarket Cap: $42.9 billion52-week high: $62.4052-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 11th 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 25th.
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