Hi,
moomoo ID:NaN
Log Out
English
Back
Log in to access Online Inquiry

Snowflake Stock News: Why Are Investors Bullish About SNOW This Week?

InvestorPlace ·  {{timeTz}}

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Snowflake (NYSE:SNOW) stock has been on the rise these last couple of days and we're diving into what has investors bullish on the shares.

Source: Sundry Photography / Shutterstock

The positive sentiment on SNOW stock this week comes as the company reveals the launch of the Retail Data Cloud. This is a solution that combines the company's data platform, partner-delivered solutions, as well as industry-specific datasets.

According to a press release from Snowflake, the Retail Data Cloud will act to empower retailers, manufacturers, distributors, and several other industries. That's due to the wealth of data these companies will gain from the service.

Rosemary Hua, Retail and CPG Industry GTM lead at Snowflake., said this about the news sending SNOW stock higher.

"This package of joint solutions to the Retail & CPG industry in Snowflake's Retail Data Cloud can fuel the next wave of transformation by providing the data access, governance and sharing required to activate data and drive business value."

Snowflake notes that several large companies are already making use of Retail Data Cloud for their businesses. Among them are 84.51°, Albertsons (NYSE:ACI), Kraft Heinz (NASDAQ:KHC), and Rakuten (OTCMKTS:RKUNY).

SNOW stock jumped yesterday when this news was announced. While the shares aren't seeing that same movement today, it's worth noting that they are pulling back after the rally. That's a positive sign that means we might see further growth throughout the week.

SNOW stock is up slightly as of Tuesday afternoon.

There's more stock market news for investors to look into below!

We've got all the stock news traders need to know about for Tuesday! Among that is an overview of PayPal (NASDAQ:PYPL) stock, stocks to consider as interest rates increase, as well as why shares of China SXT Pharmaceuticals (NASDAQ:SXTC) stock are up today. You can find all of this news at the following links!

More Tuesday Stock Market News

  • Is PayPal Stock a Buy? What 5 Wall Street Pros Have to Say About PYPL.
  • 5 Stocks Insiders Are Buying as the Fed Hikes Interest Rates
  • Why Is China SXT Pharmaceuticals (SXTC) Stock Up Today?

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

The post Snowflake Stock News: Why Are Investors Bullish About SNOW This Week? appeared first on InvestorPlace.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.