Micron, Palo Alto, Adobe And An Industrial Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Brenda Vingiello, chief investment officer of Sand Hill Global Advisors, named Palo Alto Networks, Inc. (NASDAQ:PANW) as her final trade.

On the earnings front, Palo Alto reported first-quarter revenue of $2.47 billion on Nov. 19, beating analyst estimates of $2.46 billion. The company posted adjusted earnings of 93 cents per share for the first quarter, beating analyst estimates of 89 cents per share, according to Benzinga Pro.

Kevin Simpson, CEO and founder of Capital Wealth Planning, picked Micron Technology, Inc. (NASDAQ:MU) ahead of earnings.

Micron is expected to release earnings results for the first quarter, after the closing bell on Wednesday, Dec. 17. Analysts expect the company to report quarterly earnings at $3.91 per share, up from $1.79 per share in the year-ago period. The company projects quarterly revenue of $12.86 billion, compared to $8.71 billion a year earlier.

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Jim Lebenthal, partner at Cerity Partners, named Adobe Inc. (NASDAQ:ADBE) as his final trade.

Lending support to his choice, Adobe, on Dec. 10, posted upbeat earnings for the fourth quarter. Adobe reported quarterly earnings of $5.50 per share, which beat the analyst estimate of $5.39. Quarterly revenue came in at $6.19 billion, which beat the Street estimate of $6.11 billion, up from revenue of $5.61 billion from the same period last year.

Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked Vertiv Holdings Co (NYSE:VRT).

On Dec. 9, Goldman Sachs analyst Mark Delaney maintained a Buy rating on Vertiv and raised the price target from $182 to $204.

Price Action:

• Palo Alto shares gained 0.7% to close at $191.69 on Friday.
• Micron dipped 6.7% to settle at $241.14 during the session.
• Adobe gained 1.7% to close at $356.43 on Friday.
• Vertiv Holdings fell 9.7% to settle at $161.27 during the session.

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