Chevron, Chubb, Toast And More On CNBC's 'Final Trades'

Author: Avi Kapoor | April 12, 2024 08:45am

On CNBC’s "Halftime Report Final Trades," Shannon Saccocia of NB Private Wealth named iShares S&P GSCI Commodity-Indexed Trust (NYSE:GSG) as her final trade.

Jason Snipe of Odyssey Capital Advisors said he likes Chubb Limited (NYSE:CB). The company’s operating income was up 42% year-over-year.

On April 11, Evercore ISI Group analyst David Motemaden maintained Chubb with an Outperform and raised the price target from $270 to $281. The company is scheduled to issue its first quarter earnings release after the closing bell on Tuesday, April 23, 2024.

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Richard Saperstein of Treasury Partners said Chevron Corporation (NYSE:CVX) is a geopolitical hedge. “I love the sector,” he added.

On April 11, Scotiabank analyst Paul Cheng upgraded Chevron from Sector Perform to Sector Outperform and raised the price target from $170 to $195.

Joshua Brown of Ritholtz Wealth Management named Toast, Inc. (NYSE:TOST), which is expected to release financial results for the first quarter ended March 31, 2024 on Tuesday May 7, 2024. He expects a good quarter from the company.

Analysts expect the company to report a quarterly loss at 13 cents per share, versus a year-ago loss of 15 cents per share. The company is projected to post quarterly revenue of $1.04 billion.

Price Action:

• iShares S&P GSCI Commodity-Indexed Trust fell 0.5% on Thursday.
• Chubb shares fell 1.4% to settle at $244.53 on Thursday.
• Chevron shares fell 0.5% to settle at $161.89 during Thursday’s session.
• Shares of Toast surged 6.9% to close at $24.56 on Thursday.

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Posted In: CB CVX GSG TOST