Chevron, Wynn Resorts And A Tech Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management said he is staying long on Chevron Corporation CVX and added that the stock still looks good to him.

On Feb. 12, Chevron announced intentions to begin major layoffs this year, aiming to complete the majority by the end of 2026. The move is part of a broader cost-cutting plan, with the company targeting a reduction of $2 billion to $3 billion by the end of 2026, reported CNBC

Jim Lebenthal of Cerity Partners named Wynn Resorts, Limited WYNN, saying there is news that billionaire Tilman Fertitta is increasing his stake in company. There is value in the stock, just give it little more time, he added.

Adding support to his choice, Wynn Resorts, on Feb. 13, reported better-than-expected fourth-quarter financial results. Wynn Resorts posted adjusted earnings of $2.42 per share, beating market estimates of $1.22 per share. The company's sales came in at $1.840 billion versus expectations of $1.769 billion.

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Stephanie Link of Hightower named Palo Alto Networks, Inc. PANW her final trade.

Citigroup analyst Fatima Boolani supported her view on Feb. 25, maintaining Palo Alto Networks with a Buy rating and raising the price target from $205 to $220.

Price Action:

• Chevron shares gained 0.6% to close at $165.94 on Tuesday.
• Wynn Resorts rose 1.4% to settle at $86.03 during Tuesday's session.
• Palo Alto shares gained 2.9% to close at $189.95 on Tuesday.

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