CNBC "Halftime Report" trader Jim Lebenthal purchased shares of Apple on Friday for his model portfolio. The iPhone maker is up about 7 percent on the week, cutting its loss on the year to below 2 percent.
In other model portfolio moves, Joe Terranova trimmed his positions in Pioneer Natural Resources and Concho Resources.
Watch the video below to find out why Lebenthal is bullish on Apple.
Here's a look at the companies that have entered and left the iconic index as their fortunes rose and fell.
Bitcoin drops to its lowest level in nearly a week after indications of greater scrutiny from U.S. regulators.
N.Y. Federal Reserve President William Dudley said a U.S. tax code overhaul to make it simpler and more broad-based should boost overall economic growth.
Get the best of CNBC in your inbox
Playing
Watch Next...
