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.
Morgan Stanley raises its price target for Salesforce shares, predicting a large increase in its sales due to its MuleSoft deal.
Barry Rosenstein's hedge fund says it also has increased its holdings in Apple, which it has already pressured about iPhone addiction.
Jim Cramer warns Tesla critics about getting their hopes up that the federal government will penalize Musk for his tweet about going private.
Square's stock is poised for further upside now that cumulative downloads of its Square Cash app have surpassed those of Paypal's Venmo for the first time, according to Nomura Instinet.
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