On CNBC’s “Halftime Report Final Trades,” Josh Brown of Ritholtz Wealth Management said A O Smith Corp AOS, which makes boilers, water heaters, and filters, is a “very defensive stock.” The stock has lost 29% year to date. The company is paying a 2% yield and has raised the yield for the 28th straight year, Brown mentioned. AO Smith is a “very undervalued name in my opinion,” he added.
Shannon Saccocia of Boston Private said that Tradeweb Markets Inc TW is poised to “benefit from a shift to more electronic fixed income trading.” Trading government bonds could be a growth area for the next couple of years, she added.
Rob Sechan of New Edge Capital Group named Union Pacific Corporation UNP, saying that it has around 50% operating margins, better than most tech companies.
Stephanie Link of Hightower said the capital position of Morgan Stanley MS is “extremely strong.” The company is buying back $20 billion in stock over the next couple of years and has a dividend yield of 3.2%, she mentioned.
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