Key insights
- The author suggests ZS, Rubrik, SNOW, Adobe, PLTR, and CRM may be nearing a short-term bottom based on price action and after-hours trading. They highlight slower downward momentum and higher closing prices relative to daily lows. SNOW and Rubrik saw large orders after trading through tariff lows. The author discloses personal positions in these stocks, adding to them today. PANW, CRWD, and NOW are not considered near a bottom.
ZS,rubrik,snow, adobe,pltr, CRM
The above had a slower meomentum of dropping today and has a closing price that is higher than the low of the day. Today is friday, so if it wasn’t a bottom, the close would have seen very large volume of dumps.
snow, crm and pltr even see higher after close prices.
Those are my thoughts
PANW, crwd and Now are probably not near bottom yet. Panw sees a director insider sale 1572 shares on 04/08. even though ceo bought more.
MS sold restricted shares of CRM last a few days purchsed in 2022.
I personally think it’s safe to grab a few fractional shares in snow, rubrik. those two see very big orders after burning through tarrif trade low.
CRM basically is flatenning out.
anyways, disclaimer: I have positions in all of those and added a little more today.
Feel free to share your thoughts