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Pro Analysis

Jon Najarian, up 16% in 2016, buys Etsy

Etsy featured at the Nasdaq
Paul Zimmerman | NASDAQ | Getty Images

CNBC "Halftime Report" trader Jon Najarian bought Etsy for his model portfolio Tuesday. His portfolio is now up 16 percent year to date, putting him in second place in the trading contest behind Jim Lebenthal.

Shares of the online craft marketplace are up more than 20 percent this year. Here is why he bought the stock.