On CNBC's “Halftime Report Final Trades,” Stephanie Link, chief investment strategist and portfolio manager at Hightower, said Broadcom Inc. ( AVGO ) reported an outstanding quarter and issued conservative guidance.

Broadcom ( AVGO ) reported second-quarter revenue of $15 billion on June 5, beating analyst estimates of $14.99 billion, according to Benzinga Pro. The semiconductor company also reported second-quarter adjusted earnings of $1.58 per share, beating analyst estimates of $1.56 per share. Broadcom ( AVGO ) expects third-quarter revenue of approximately $15.8 billion, versus estimates of $15.79 billion. The company anticipates third-quarter adjusted EBITDA of at least 66% of projected revenue.

Joseph M. Terranova, Senior Managing Director for Virtus Investment Partners, said The Boeing Company ( BA ) has never shown up on a momentum screen in the last five years, but it is starting to do that now.

Lending support to his choice, RBC Capital analyst Ken Herbert, on Monday, maintained Boeing ( BA ) with an Outperform rating and raised the price target from $200 to $230.

Don't forget to check out our premarket coverage here

Rob Sechan, CEO of NewEdge Wealth, named QUALCOMM Incorporated ( QCOM ) as his final trade.

Qualcomm ( QCOM ), on Monday, announced it reached an agreement to acquire Alphawave Semi for $2.4 billion. The company said that Alphawave’s assets will help accelerate its push into the data center market, where demand for low-power, high-performance chips is rising alongside growth in AI workloads.

Price Action:

Broadcom ( AVGO ) shares fell 1.1% to close at $244.28 on Monday.

Boeing ( BA ) rose 3.2% to close at $217.51 on Monday.

Qualcomm ( QCOM ) shares climbed 4.1% to settle at $155.41 during the session.

Check This Out:

Top 3 Financial Stocks That May Collapse In June

Image created using artificial intelligence via Midjourney.