On CNBC’s "Halftime Report Final Trades," Liz Young of BNY Mellon Investment Management said she is selling VanEck Semiconductor ETF (NASDAQ:SMH), which traded slightly lower on Monday.
Stephen Weiss of Short Hills Capital Partners said he is going with UnitedHealth Group Incorporated (NYSE:UNH). The company's shares moved higher on Monday amid Medicare finalizing pay rates for 2024.
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Other picks:
- Sarat Sethi named Chevron Corporation (NYSE:CVX), saying the stock "could go up from here." Shares of several oil stocks, including Chevron, traded higher on Monday amid a rise in oil prices after OPEC+ producers announced a production cut.
- Joseph Terranova of Virtus Investment Partners picked SPDR Gold Shares (NYSE:GLD), saying that he is surprised and it’s very impressive the "strength we are seeing in gold even with oil now rallying as well."
Price Action: Chevron shares rose 4.2% to close at $169.95, while UnitedHealth rose 4.6% to settle at $494.19 on Monday.
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