Apple, Adobe, Qualcomm And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Shannon Saccocia of NB Private Wealth named The Health Care Select Sector SPDR Fund (NYSE:XLV), saying that three sectors likely lead sales growth year-over-year during the second half of the year, energy, technology and health care.

Stephen Weiss of Short Hills Capital Partners picked Apple Inc. (NASDAQ:AAPL), adding that momentum continues.

Apple is reportedly working on the next generation of its Vision Pro headset, with rumors suggesting significant changes in design and pricing. The tech giant is developing two variants of the second-generation headset. One version is expected to be a premium option, improving upon the first Apple Vision Pro, while the other is anticipated to be a more affordable, consumer-grade edition.

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Jim Lebenthal of Cerity Partners named Adobe Inc. (NASDAQ:ADBE) as his final trade.

On July 1, DA Davidson analyst Gil Luria maintained Adobe with a Buy rating and increased the price target from $640 to $685.

Joseph M. Terranova of Virtus Investment Partners named QUALCOMM Incorporated (NASDAQ:QCOM). “I think you can buy it here,” he said.

On June 19, Qualcomm agreed to pay $75 million to settle a lawsuit with its shareholders, marking a victory for investors where Apple and global regulators previously failed.

Price Action:

• Apple shares gained 0.6% to close at $221.55 during Wednesday's session.
• The Health Care Select Sector SPDR Fund fell 0.8% during Wednesday's session.
• Adobe gained 0.4% to close at $570.15 during Wednesday's session.
• QUALCOMM gained 1.8% to close at $203.81 on Wednesday.

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