Public trading strategy
Oracle beats earnings and Snowflake gets an upgrade — cloud software is back in
Thesis
Strong earnings from Oracle indicate that corporate spending on cloud databases and AI infrastructure remains robust. Scotiabank's increased price target for Snowflake confirms this trend, showing confidence in data-software growth. When sector leaders report strong financials and analysts simultaneously raise targets on peers, it usually creates a positive wave for the entire software industry.
Strategy approach
Build a momentum long strategy on ORCL and SNOW using the daily timeframe. Entry: when price breaks and closes above the high of the previous 5 trading days. Exit: when price closes below the 10-day EMA. Max hold: 15 days. Stop loss: 4%.