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Josh Brown buys a cloud stock breaking out

Cloud technology
David Paul Morris | Bloomberg | Getty Images

"Halftime Report" trader Josh Brown bought Adobe Systems on Monday for his CNBC Pro model portfolio.

Adobe Systems is the leading content creation software company. It is undergoing a business model transition away from traditional desktop applications to cloud-based subscriptions.

In other moves, Brown sold McCormick & Co and Jim Lebenthal sold ProShares VIX Short-Term Futures ETF.

Read below to find out why Brown made the trades.

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