Josh Brown: Victoria's Secret stock breaking out

Pedestrians pass in front of a Victoria's Secret store in New York.
Scott Mlyn | CNBC

Josh Brown, whose "Halftime Report" model portfolio is up 5 percent this year, is buying L Brands.

The CEO and co-founder of Ritholtz Wealth Management decided to buy the company that owns Victoria's Secret and Bath & Body Works as the shares have shown recent strength.

Here's why he's buying the stock…