Hi everyone.
On 11/5/2023, our system had provided one stock pick and the results are as below:
SNOW – (Buy) – Profit
SNOW – (Buy) – Break-even
The Dow Jones closed more than 200 points lower on Thursday and the S&P 500 lost nearly 0.2%, while the Nasdaq added 0.2%. Investors were digesting the latest corporate earnings results and economic data. Concerns also rose after PacWest disclosed a new drop in deposit outflows in the first week of May, sending the bank’s shares 22.7% lower.
Let’s review our stock pick on Thursday.
A call for buy for SNOW which resulted in a break-even. Our system exited with a break-even because the price fell down following index. Another call for buy for SNOW which resulted in a profit. Our system entered the market at $171.17 and the price hit our adjusted SL at $171.40.
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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