One "Halftime Report" trader is picking up an interesting company to play the strength in employment growth after this stock flashed a buy on his quantitative screens.
Josh Brown added Sirona Dental Systems, makers of veneers and crowns, in Tuesday morning trading. He sold Ryder Systems shares from his portfolio Friday after the stock broke below its 200-day moving average.
"With employment growth and the economy strengthening, people that have put off dental procedures are now going in," said Brown, who is CEO of Ritholtz Wealth Management. The stock's "trend is a beast."
Sirona shares are up 32 percent over the last 12 months and with a stock price of $91.17 is approaching the psychologically important $100 level upon which Brown is basing his Halftime Portfolio Challenge strategy.
"My risk is that earnings are Friday, but given that the stock is 12 percent above its 200-day moving average the downside is limited" on any earnings pullback, he said.