Hi everyone.
On 9/5/2023, our system had provided one stock pick and the result is as below:
SNOW – (Buy) – Profit
The Dow Jones finished more than 50 points lower on Tuesday, while the S&P 500 and Nasdaq slid 0.5% and 0.6%, respectively as investors await an update on the debt ceiling negotiations and inflation data due tomorrow. The upcoming CPI report is expected to show inflation remained elevated with the monthly rate rising by 0.4% and the headline number staying at 5%.
Let’s review our stock pick on Tuesday.
A call for buy for SNOW which resulted in a profit. Our system entered the market at $160.80 and the price hit our adjusted SL at $162.50.
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products.
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