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'Trading Nation' Traders Like Nike, Target And More

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'Trading Nation' Traders Like Nike, Target And More

On CNBC's "Trading Nation," Delano Saporu of New Street Advisors shared his stock picks in the current market environment. He likes Target Corporation (NYSE: TGT) because it has some upside potential and it also provides some yield and cash flow to investors. Target's yield of 1.5% is at a lower end, but the company is managing to pay dividends while it is shifting its business model, said Saporu.

He also likes Nike Inc (NYSE: NKE) because of its strong performance. The company pays 0.8% dividend, which provides some cash flow to investors.

Matt Maley of Miller Tabak likes 3M Co (NYSE: MMM) because it pays a nice dividend and it has raised its dividend yield every year for more than 50 years. The stock also has a bullish momentum as it has broken above its trend line and it is trying to make a new higher high.

Verizon Communications Inc. (NYSE: VZ) is also on Maley's shopping list. It pays a dividend of 4% and it provides exposure to 5G. Verizon has increased its dividend for 14 years in a row and it is trying to break above its all-time highs.

 

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