Cisco, Burlington Stores, Broadcom And More On CNBC's 'Final Trades'

It has been "a really tough year" for the healthcare sector.

That's according to Shannon Saccocia of Boston Private, who appeared on CNBC’s "Halftime Report Final Trades."

Saccocia named iShares U.S. Healthcare ETF IYH, adding that we are going to see "some rotation back into the sector next year."

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Rob Sechan of NewEdge Wealth said Broadcom Inc. AVGO trades cheap and has 62% operating margin.

Broadcom announced that it has completed its acquisition of VMware, Inc.

Jim Lebenthal of Cerity Partners said Cisco Systems, Inc. CSCO had a bad week, but it’s now "ready to recover."

Cisco Systems reported upbeat earnings for its first quarter but lowered its earnings and sales projections for 2024.

Joseph Terranova of Virtus Investment Partners picked Burlington Stores, Inc. BURL.

Burlington reported third-quarter total revenue growth of 12% Y/Y to $2.289 billion, missing the consensus of $2.31 billion.

Price Action:

• Broadcom shares fell 0.9% to close at $972.00
• Cisco shares rose 0.6% to settle at $48.08 on Wednesday.
• Burlington gained 4.1% to settle at $171.75
• iShares U.S. Healthcare ETF gained 0.6% during Wednesday’s session.

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