How To Trade Snowflakes Q3 Earnings Today

Hey team, It's the second day of December, and winter is fast approaching. It makes perfect sense then that this year's most successful IPO, Snowflake (SNOW), reports Q3 earnings today. In fact, SNOW is just one of several recent cloud technology IPOs that are reporting today. Crowdstrike (CRWD) and Zscaler (ZS) are also sharing their numbers after the close. Look, it's been a wild ride for stocks providing digital services this year… and I know these companies are trading at high valuations right now... If you ask a lot of the talking heads on CNBC or Fox Business what they think of cloud stocks now, they'll say "It's all over." But do you want to know something? All this news around Pfizer, BioNTech, and Modera is really getting to people's heads... Cloud remains an incredibly strong growth industry and these cloud companies will still be in high demand regardless whether the economy completely reopens, in my opinion. There's no shortage of trading opportunities in them now at least. Case in point, my win in Cloudflare (NET) just a few trading sessions ago…*

I'm actually enjoying watching all these shorts come in and apply pressure. While they're doubting, I'm watching the daily and hourly charts squeezing… and patiently awaiting my opportunity to strike. Check out what opportunity I'm seeing in SNOW, CRWD, and ZS right now… Continue reading...

Ben Sturgill

P.S. Corporate executives have dropped millions on this name… the company has teamed up with arguably one of most powerful celebrities in the game… and the stock is trading at a steep discount and is under $10. Any moment now, Kyle Dennis can announce this play LIVE. There's only one way for you to find out what it is and learn how he's going to trade it — by subscribing to his "set it and forget it" catalyst trading service… I mean, it comes out to less than $1 per week.

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