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Pete Najarian reveals two of his favorite picks

Traders work on the floor of the New York Stock Exchange.
Lucas Jackson | Reuters
Traders work on the floor of the New York Stock Exchange.

Pete Najarian scooped up shares of JetBlue and Under Armour for his Halftime Report Portfolio on Tuesday, following a recent drop in both names.

After a strong performance in 2015, shares of both companies have fallen more than 9 percent in the past month, presenting a buying opportunity, according to Najarian.

Here's why the options trader thinks both stocks could rally from here: