The following video is part of our "Motley Fool Conversations" series, in which Austin Smith, consumer goods editor and analyst, and Brendan Byrnes, industrials editor and analyst, discuss topics across the investing world.

In today's edition, Brendan and Austin discuss one dividend stock they'd buy, and one they'd sell. Brendan is looking at the defense sector, which he may get some flak for because of upcoming defense cuts, but the stock he’s looking at could still be a winner despite sector difficulties.  Austin dislikes one high-fashion retailer for its soft international track record and low dividend payment.