Snowflake (NYSE:SNOW) pioneered the data cloud, a platform that helps clients manage and make sense of big data. Of course, data is knowledge and knowledge is power, but that’s only true if you have the tools to harness data and unlock its value. And that’s become increasingly difficult as enterprises are generating data at a phenomenal pace. So Snowflake attempts to solve a critical problem.
In a somewhat surprising move, Warren Buffett’s Berkshire Hathaway invested $735 million in this high-growth tech stock around the time of its initial public offering last September. Since then, Buffett has seen big gains, and his position in Snowflake is now worth $1.5 billion.
In this Backstage Pass video, which aired on Aug. 26, 2021, Motley Fool contributors Trevor Jennewine and Brian Withers discuss Snowflake’s second-quarter earnings. Spoiler alert: The company crushed it.
Trevor Jennewine: The gist of Snowflake’s business, enterprises are creating a lot of data today and it’s spread across a lot of different systems. The idea behind snowflake is to bring all of that data together so that you can use it to make an informed business decisions, essentially. To solve the problem of data sprawl, they’ve created the data cloud, and this combines a lot of old legacy tools or point solutions like pipelines and data lakes, data warehouses.
Best Warren Buffett Stocks To Watch Right Now: OncoSec Medical Incorporated(ONCS)
We are a biotechnology company focused on designing, developing and commercializing innovative gene therapies, therapeutics and proprietary medical approaches to stimulate and guide an anti-tumor immune response for the treatment of cancer. We seek to overcome the problem of tumor-induced immune subversion via intratumoral immunotherapy.
Our Business and Mission
Our mission is to pursue the advancement of immune system-stimulating treatments through the advancement of our proprietary immunotherapy platform which is designed to overcome tumor immune tolerance. Our proprietary intratumoral electroporation-based therapy is a platform which includes immune modulating therapeutic product candidates intended to treat a wide range of solid tumor types, combined with our ImmunoPulse® delivery technology. Advisors’ Opinion:
- [By Money Morning Staff Reports]
Here are last week’s top-performing penny stocks:
Penny Stock Current Share Price Last Week’s Gain
AVEO Pharmaceuticals Inc. (NASDAQ: AVEO) $1.58 176%
Pulmatrix Inc. (NASDAQ: PULM) $2.02 68.33%
Social Reality Inc. (NASDAQ: SRAX) $3.67 66.82%
EDAP Tms SA (NASDAQ: EDAP) $1.10 48.92%
Cel-Sci Corp. (NYSE: CVM) $4.35 41.16%
Sharing Economy International Inc. (OTCMKTS: SEII) $0.17 38.66%
Riot Blockchain Inc. (NASDAQ: RIOT) $4.34 36.07%
Technical Communications Corp. (NASDAQ: TCCO) $4.15 35.90%
OnCoSec Medical Inc. (NASDAQ: ONCS) $0.67 35.78%
Lightbridge Corp. (NASDAQ: LTBR) $0.74 35.49%
As you can see, last week’s penny stocks already beat April’s average return by a large margin.
- [By Max Byerly]
OncoSec Medical Inc (NASDAQ:ONCS) traded up 5.9% on Wednesday . The stock traded as high as $1.45 and last traded at $1.43. 506,563 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 730,660 shares. The stock had previously closed at $1.35.
- [By Stephan Byrd]
HC Wainwright set a $4.00 price target on OncoSec Medical (NASDAQ:ONCS) in a research report released on Tuesday. The firm currently has a buy rating on the biotechnology company’s stock.
- [By Logan Wallace]
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
Get OncoSec Medical alerts:
OncoSec Medical (ONCS) Given Buy Rating at Dawson James (americanbankingnews.com) OncoSec Presents Update from Triple Negative Breast Cancer Program at 3rd Global Insight Conference on Breast Cancer (finance.yahoo.com) OncoSec appoints Sara M. Bonstein as CFO and COO (seekingalpha.com) Oncosec Medical (ONCS) Appoints Sara M. Bonstein as CFO and COO (streetinsider.com) OncoSec Appoints Sara M. Bonstein as Chief Financial Officer and Chief Operating Officer (finance.yahoo.com)
ONCS stock traded down $0.02 during trading on Thursday, reaching $1.28. The company’s stock had a trading volume of 367,800 shares, compared to its average volume of 916,959. OncoSec Medical has a 1 year low of $0.88 and a 1 year high of $2.95. The firm has a market capitalization of $68.05 million, a PE ratio of -1.21 and a beta of 2.98.
Best Warren Buffett Stocks To Watch Right Now: Corsair Gaming, Inc.(CRSR)
Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for content creators. In addition, the company offers coaching and training, and other services. It sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its websites. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Fremont, California. Corsair Gaming, Inc. operates as a subsidiary of Corsair Group (Cayman), LP.
- [By Thomas Niel]
Many of these names may have pulled back considerably since the last “meme stock wave” ended in June. But whether they’ve performed poorly or strongly as of late, each one has factors in its respective corner that could help it surge in a big way in the near-term.
Meme Stocks to Buy: Corsair Gaming (CRSR)
Corsair Gaming may have peaked in price well before “meme stocks” became a thing. And it may suffer valid concerns that pandemic tailwinds that turbo-charged sales growth for this gaming peripherals purveyor are fading. Nevertheless, that hasn’t hurt its appeal among Reddit traders.
- [By Stavros Georgiadis]
Corsair Gaming (NASDAQ:CRSR) designs, markets and distributes gaming and streaming peripherals, components, and systems in the Americas, Europe, Asia Pacific and the Middle East. The company’s recent second-quarter 2021 results were strong, but CRSR stock still declined.
Best Warren Buffett Stocks To Watch Right Now: NextEra Energy, Inc.(NEE)
NextEra Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources. As of December 31, 2015, it served approximately 9.5 million people through approximately 4.8 million customer accounts in the east and lower west coasts of Florida. The company had approximately 46,400 megawatts of generating capacity. It also leases fiber-optic network capacity and dark fiber to telephone, wireless, and Internet companies. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1984 and is headquartered in Juno Beach, Florida.