Dow Jones Futures: Stocks At Highs As Oil Prices Tumble, Marvell, Snowflake Jump Late On Earnings - Investor's Business Daily
Earnings
Marvell beat Q1 estimates and issued strong guidance, rallying after-hours despite a -4.6% intraday drop, while Snowflake surged on a Q1 beat and raised full-year guidance. Salesforce also beat on earnings but fell on soft guidance, creating a split post-earnings tape that rewards selective positioning rather than a blanket tech-earnings trade.
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↔ PAIR+7% target-4% stop1-2 weeks
Long MRVL into the gap-fill setup — earnings beat + strong guide reverses the -4.6% intraday flush; short CRM as soft guidance overpowers the profit beat with the stock already extended.