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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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