AbbVie, Arch Capital, Gilead Sciences And A Telecom Giant On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Rob Sechan of NewEdge Wealth said Gilead Sciences, Inc. (NASDAQ: GILD) is an inexpensive way to give biotech exposure.

Gilead Sciences, last month, said that it has purchased 15 million shares of HOOKIPA Pharma Inc (NASDAQ: HOOK) for approximately $21.25 million, at $1.4167 per share.

Jim Lebenthal of Cerity Partners said AbbVie Inc. (NYSE: ABBV) is a "good one" in the healthcare space.

AbbVie remained confident in Botox’s resilience in the aesthetics market, assured by its ability to sustain a dominant 68% share, as highlighted by Chief Commercial Officer Jeffrey Stewart during the J.P. Morgan healthcare conference.

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Jenny Harrington of Gilman Hill Asset Management said Verizon Communications Inc. (NYSE: VZ) has 7% yield and eight times earnings.

Verizon Communications disclosed a substantial $5.8 billion write-down in the value of its business services division, reflecting challenges in its enterprise operations.

Joseph Terranova of Virtus Investment Partners picked Arch Capital Group Ltd. (NASDAQ: ACGL), saying, "Buy the bounce."

Last week, UBS analyst Brian Meredith maintained Arch Capital Group with a Buy and lowered the price target from $101 to $97.

Price Action: Gilead Sciences shares gained 0.6% to close at $86.48; AbbVie gained 0.4% to close at $162.04 on Wednesday; Verizon fell 1.1% to $38.87; Arch Capital gained by 0.6% to $78.67 during Wednesday’s session.

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