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Bullish Case: Recent sizable insider purchases signal confidence in Snowflake's long-term trajectory, alongside strategic investments in growth markets like data observability and AI.


Bearish Case: Historical price decline, CEO transition, and high volatility indicate near-term challenges against a backdrop of economic uncertainty.


Potential Outcomes: 65% chance renewed investor confidence from insider buys and strategic growth; 25% likelihood of continued near-term volatility due to transition and market; 10% chance stabilization with mixed signals balancing out.


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April 04, 2024


Snowflake Forecast

SNOW        Snowflake
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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XMTR Forecast + Options Trading Strategies   XMTR  Xometry (0.88)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (0.75)


OTEX Forecast + Options Trading Strategies   OTEX  Open Text (0.74)


IYT Forecast + Options Trading Strategies   IYT  BlackRock Institutional Trust Company N.A. - iShares U.S. Transportation (0.72)


IDCC Forecast + Options Trading Strategies   IDCC  Interdigital (0.72)



Uncorrelated Stock Forecasts

Assets with little price relationship to SNOW



WEAT Forecast + Options Trading Strategies   WEAT  Teucrium Wheat (-0.0)


XLU Forecast + Options Trading Strategies   XLU  Utilities Select Sector SPDR (-0.0)


CQP Forecast + Options Trading Strategies   CQP  Cheniere Energy (-0.0)


MLCO Forecast + Options Trading Strategies   MLCO  Melco Resorts & Entertainment (0.0)


AGX Forecast + Options Trading Strategies   AGX  Argan (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SNOW



CIVI Forecast + Options Trading Strategies   CIVI  Civitas Resources Inc New (-0.67)


PDBC Forecast + Options Trading Strategies   PDBC  Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 (-0.67)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (-0.67)


NFG Forecast + Options Trading Strategies   NFG  National Fuel Gas (-0.71)


XOM Forecast + Options Trading Strategies   XOM  Exxon Mobil (-0.77)





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