The Top Snowflake Stocks to Watch in 2019!

The Top Snowflake Stocks to Watch in 2019!
The past few years have been tough on investors, but 2019 is shaping up to be a much better year. One of the sectors that is poised for a strong rebound is the snowflake stock market.
There are a few reasons why snowflake stocks are set to take off in 2019. First, the overall market conditions are improving. The stock market has been on a tear so far this year, and that is expected to continue. Second, many of these stocks were beaten down in 2018 and are now trading at attractive valuations. And finally, there are several key catalysts...
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The past few years have been tough on investors, but 2019 is shaping up to be a much better year. One of the sectors that is poised for a strong rebound is the snowflake stock market.
There are a few reasons why snowflake stocks are set to take off in 2019. First, the overall market conditions are improving. The stock market has been on a tear so far this year, and that is expected to continue. Second, many of these stocks were beaten down in 2018 and are now trading at attractive valuations. And finally, there are several key catalysts that could drive these stocks higher in the coming months.
In this blog post, we will take a look at three of the best snowflake stocks to watch in 2019: Snowflake Inc., Constellation Brands, Inc., and The Scotts Miracle-Gro Company. We will discuss why these stocks are poised for success and how you can profit from them in the coming year. Photo by Julia M Cameron on Pexels The Best Snowflake Stocks to Watch in 2019.
Snowflake Inc.
Snowflake Inc. (NYSE: SNOW) is a cloud-based data warehousing company that went public in September of 2019. The company offers a unique product that allows users to consolidate data from multiple sources and analyze it in real time. Snowflake’s stock has been on a tear since its IPO, and is up over 70% since then.
Constellation Brands, Inc.
Constellation Brands, Inc. (NYSE: STZ) is one of the largest producers of beer, wine, and spirits in the world. The company owns some of the most iconic brands in the alcohol business, including Corona, Modelo, and Svedka vodka. Constellation’s stock has been volatile in recent years, but it has still managed to outperform the market over the long term.
The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company (NYSE: SMG) is the world’s largest manufacturer of lawn and garden products. The company’s products are sold under a variety of brand names, including Scotts, Miracle-Gro, and Ortho. Scotts Miracle-Gro’s stock has been a consistent performer over the years, and is up nearly 20% so far in 2019.
Why These Snowflake Stocks Are Poised for Success.
Snowflake Inc.
Snowflake Inc. is a cloud-based data warehousing company that IPOed in September of 2019. The company’s technology allows users to store and analyze data in the cloud, making it easier for businesses to glean insights from their data. Snowflake’s stock has been on a tear since its IPO, and it is one of the top snowflake stocks to watch in 2019.
There are several reasons why Snowflake is poised for success in 2019:
First, the company has a strong business model. Snowflake charges customers based on the amount of data they store and analyze, which gives the company a high degree of pricing power. This pricing power has allowed Snowflake to grow its revenue at an impressive clip; in its most recent quarter, revenue grew by 142% year-over-year.
Second, Snowflake has a large addressable market. The global market for data warehousing is expected to grow from $24 billion in 2019 to $77 billion by 2024, according to research firm Gartner. This represents a compound annual growth rate (CAGR) of 28%. Snowflake is well positioned to capture a significant portion of this growth.
Third, Snowflake has a strong competitive position. The company’s main competitors are Amazon Web Services (AWS) and Microsoft Azure, both of which are much larger companies with diverse businesses. While AWS and Azure offer data warehousing services, they don’t have the same focus or expertise as Snowflake. This gives Snowflake an advantage in terms of product quality and customer service.
Fourth, Snowflake has a proven management team. The company is led by CEO Bob Muglia, who joined Snowflake in 2014 after serving as president of Juniper Networks. Muglia is a veteran tech executive with a track record of success; under his leadership, Junipe...