Anthony Scaramucci's Hedge Fund Trade Of The Week: General Dynamics Corporation (GD)

On CNBC's Fast Money, Anthony Scaramucci said that hedge funds are holding eight to ten trillions dollars, and he suggested hedge fund managers to use that money, and start buying stocks. His hedge fund trade of the week is General Dynamics Corporation

. He said that this company is in the defense industry, and there is a lot of uncertainty about defense budgets right now. Anthony Scaramucci believes that this stock is cheap, because it is trading at six times EBITDA, and 8.4 times 2011 earnings. This stock also has 2.4% dividend yield, and its balance sheet looks very good. A lot of hedge funds own this stock. General Dynamics Corporation (

) fell 1.49% today, and closed at $59.33.