On CNBC’s “Halftime Report Final Trades,” Rob Sechan, CEO of NewEdge Wealth, named Meta Platforms, Inc. (NASDAQ:META) as his final trade.
Lending support to his choice, Wells Fargo analyst Ken Gawrelski, on July 2, maintained Meta Platforms with an Overweight rating and raised the price target from $765 to $767.
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, said he likes Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG).
Supporting his view, Morgan Stanley analyst Brian Nowak maintained Alphabet’s Overweight rating on June 30. He also raised the price target from $375 to $415.
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Jim Lebenthal, partner and chief market strategist at Cerity Partners, picked Apollo Global Management, Inc. (NYSE:APO).
Apollo said it will release financial results for the second quarter on Tuesday, Aug. 4, before the opening bell. Analysts expect the asset manager to report quarterly earnings at $2.21 per share on revenue of $1.35 billion.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, recommended Apple Inc. (NASDAQ:AAPL).
Apple recently raised prices on several hardware products, while leaving iPhone pricing unchanged, citing tightening memory and storage supplies as AI infrastructure spending accelerates.
Price Action
- Meta shares gained 3% to close at $600.29 on Monday.
- Alphabet shares rose 1.8% to settle at $366.46 during the session.
- Apollo Global shares gained 3% to close at $122.17 on Monday.
- Apple shares rose 1.3% to settle at $312.66 during the session.
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