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LivestreamMenu(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) Snowflake is set to report earnings this week, and investors looking to scoop up shares of the software outperformer should watch two key levels, according to NYSE insider Jay Woods. “If [Snowflake] can break above this level here at 330, watch to see if it can make a run to 400,” Woods, chief market strategist at Freedom Capital Markets, said in a weekly video for CNBC Pro subscribers. “Snowflake was the first to gap and go, and now we want to watch to see if it continue that climb higher.” Snowflake traded around $326 Monday, just 1% below that $330 level and nearly 23% below the $400 mark. It last ended a session north of $400 in late 2021, marking its all-time high closing price. The stock has popped 48% year to date to outperform other software names due to its strategic investments into expanding its artificial intelligence capabilities and strong underlying fundamentals. The iShares Expanded Tech-Software Sector ETF (IGV) is up just 4% over the same period, by comparison. SNOW YTD mountain Shares are up 48% in 2026. That may make the stock too expensive for some investors. However, Woods said shares could pullback on the company’s financial report this week, creating a good entry point for prospective buyers. “If it fails, we do have some support levels,” Woods said. “Two hundred ninety [is] a good place to dip the toe in the water if Snowflake is to pull back on earnings.” As of writing time, Snowflake is expected to post earnings of 45 cents per share for its fiscal second quarter, up 28% year over year, according to LSEG. Woods is also keeping an eye on two other technology stocks, Palo Alto Networks and Broadcom, which also are slated to report this week. (This weekly Monday video is exclusively for CNBC PRO subscribers.)Read More
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