Zscaler (ZS) had a great report. They blew away their numbers, and the guidance was amazing. The stock opened at $371, and closed red at $318.
SNOW also had a great report. But here's the problem. In a rising inflation environment with markets very overvalued, tech stocks will be hit hard, especially those with no profit. ZS is profitable, SNOW is not. Add to that the new Covid variant uncertainty, and I really think SNOW may meet the same fate as ZS and the stock will be faded all day. So if you were long the stock before earnings, it's probably wise to take your profit now.$Zscaler Inc.(ZS)$ $Snowflake(SNOW)$
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