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Get Defensive with This Stock: Weiss

Trader Stephen Weiss doesn’t like most stocks in this market. Most but not all.

Weiss is bullish on Verizon, his Trade of the Day.

He believes that people who must have money in the market are going to rotate into more defensive names and as a result he sees Verizon attracting capital in the weeks and months ahead.

And with companies like Cummins citing currency headwinds as a drag on profits, he thinks investors seek out Verizon because, “they have very little foreign exposure,” he says.

Finally, he thinks the quest for yield helps VZ. “It pays a 4.5% dividend yield.”

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Posted by CNBC's Lee Brodie




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Trader disclosure: On July 10, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour is long BAC; Tim Seymour is long SBUX; Tim Seymour is long FCX; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long GOOG; Karen Finerman is long M; Karen Finerman is long CMI; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Dan Nathan is long JULY 7 Puts; Dan Nathan is long OCT 10/5 PUT SPRAED; Dan Nathan is long XLF JULY 14 PUTS; Dan Nathan is long INTC JULY 26/25 PUT SPREAD; Dan Nathan is long WMT JULY 67.5 PUT SPREAD; Dan Nathan is long SBUXAUG 50/45 PUT SPREAD; Dan Nathan is long HOG JULY 44/40 PUT SPREAD; Dan Nathan is long HOG AUG 45/40 PUT SREAD; Dan Nathan is long SDS; Dan Nathan is long QQQ AUG 68/60 PUT SREAD; Stephen Weiss is long VZ; Stephen Weiss is short JCP; Stephen Weiss is short PCAR

For Jeff Kauffman
Sterne, Agee & Leach, Inc. makes a market in the following subject company LUV
Sterne, Agee & Leach, Inc.'s research analysts receive compensation that is based upon various factors, including Sterne, Agee & Leach, Inc.'s total revenues, a portion of which is generated by investment banking activities.
Sterne Agee & Leach, Inc. expects to receive or intends to seek compensation for investment banking services from the subject company and/or companies in the next three months: LUV

For David Bailin
Nothing to disclose

For Dan Ernst
Nothing to disclose

For Chris Danely
Nothing to Disclose

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