Palo Alto, Taiwan Semiconductor, Fortive And A Major Financial Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors said he is staying long on Palo Alto Networks, Inc. PANW.

Supporting his choice, Morgan Stanley analyst Hamza Fodderwala, on Jan. 21, maintained Palo Alto Networks with an Overweight rating.

Fodderwala raised the price target from $223 to $230, while Scotiabank analyst Patrick Colville maintained the stock with a Sector Outperform rating and boosted the price target from $200 to $225.

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Stephen Weiss of Short Hills Capital Partners said no matter what happens, Taiwan Semiconductor Manufacturing Company Limited TSM is the “winner.”

Contract chipmaker Taiwan Semiconductor can soon heave a sigh of relief as Taiwan's government promised to consider possible support for the domestic industry over tariff threats by U.S. President Donald Trump, Reuters cites Premier Cho Jung-tai Wednesday.

In the tech sector, Karen Firestone of Aureus Asset Management named Fortive Corporation FTV as her final trade.

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On the earning front, Fortive said it will webcast its earnings conference call for the fourth quarter on Friday, Feb. 7, 2025.

Rounding out the trades, Joseph M. Terranova of Virtus Investment Partners picked Chubb Limited CB.

Chubb, meanwhile, reported better-than-expected fourth-quarter adjusted EPS results. Also, JP Morgan raised its price target on the stock from $296 to $300.

Price Action:

Palo Alto shares fell 3.9% to close at $185.42 on Wednesday.
Taiwan Semiconductor Manufacturing shares slipped 0.03% to settle at $202.33 during Wednesday's session.
Fortive shares gained 0.3% to settle at $80.65 during Wednesday's session.
Chubb shares rose 1.3% to close at $275.83.

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