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. 

Austin Smith owns shares of Berkshire Hathaway. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool owns shares of Berkshire Hathaway, Lockheed Martin, and  lululemon athletica. Motley Fool newsletter services have recommended buying shares of lululemon athletica. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.