- Encore Capital Group ( NASDAQ: ECPG ) stock gained 4.2% in Tuesday trading after Ritholtz's Josh Brown mentioned the publicly traded debt collector in the U.S. in CNBC's Halftime Report .
- "I have a small position, I intend to add to it," Brown said
- "Basically, this is an essential part of life. You may not love debt collection, but we are going to have a very big uptick in non-performing loans," he added.
- He prefaced his comments with: "Don't buy something just because it gets mentioned on TV.
- SA's Quant system, which historically outperforms the market, has a Hold on Encore Capital ( ECPG ), compared with the average Wall Street rating of Buy .
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Encore Capital Group stock gains after positive mention on CNBC