Meta, Palo Alto And A Financial Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors said he likes Palo Alto Networks, Inc. (NASDAQ:PANW).

On Friday, Keybanc analyst Eric Heath maintained Palo Alto Networks with an Overweight rating and raised the price target from $400 to $435.

Kevin Simpson of Capital Wealth Planning said he is buying Meta Platforms, Inc. (NASDAQ:META) ahead of earnings. They are paying dividends and buying back shares, he added.

Meta Platforms recently initiated a new round of layoffs that will affect multiple departments, including WhatsApp, Instagram, and Reality Labs. These layoffs are smaller, department-specific cuts rather than a mass companywide reduction, the Verge reported. The job cuts are reportedly part of internal team reorganizations.

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Stephanie Link of Hightower Advisors named Truist Financial Corporation (NYSE:TFC) as her final trade.

On Oct. 17, Truist Financial posted better-than-expected earnings for the third quarter. The company reported quarterly earnings of 97 cents per share which beat the analyst consensus estimate of 91 cents per share. The company reported quarterly sales of $5.14 billion which beat the analyst consensus estimate of $5.09 billion.

Price Action:

• Palo Alto fell 0.4% to close at $374.83 during Friday's session.
• Meta shares fell 0.1% to settle at $576.47.
• Truist Financial shares gained 1.7% to close at $43.67 during Friday's session.

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