Bull Case For MDT, UNP, GD

Roughly 7-8 stocks currently make up 90% of the S&P 500's returns, says Max Wasserman. He brings 3 stock picks to the Watch List: Medtronic (MDT), Union Pacific (UNP), and General Dynamics (GD). He thinks MDT will see growing in products like Micra, the world's smallest pacemaker, and the Hugo robotic system. He calls UNP a dividend growth story and sees favorable risk/return for the next 12-18 months. For GD, he notes the uptick in private jet travel and its leadership in defense manufacturing and thinks it should see sustained demand.