Stocks on Sale: Is Snowflake a Buy Now?
Ever so slightly, optimism is creeping back into the stock market. After months of downward pressure, the Nasdaq Composite index is trying to find a bottom. And while this move could be temporary and the selling pressure could return, investors should be asking themselves which former highfliers are poised to bounce back once overall market sentiment improves.
In my opinion, Snowflake (NYSE: SNOW) is one name to keep an eye on. Let's have a closer look as to why.
Simply put, the cloud market is on fire. For years, businesses have been shifting toward the cloud, where data, applications, and security can all be centralized and maintained more efficiently at a lower cost.
Source Fool.com
