Snowflakes (SNOW) rises 17% on strong earnings. The software and cloud data platform provider beat by 8 cents as sales rose 31% to $1.15 billion. Snowflake’s total customer count grew to 12,062, up 19% year over year as management said they have an enormous opportunity to empower and improve efficiency for their clients with their data and artificial intelligence products. Snowflake received a couple of upgrades with a new price target of $260 a share.

Hormel (HRL) taking a hit on earnings. The maker of Spam is down 13% making a new 52 week low after missing earnings, as revenue fell 4% to $3.03 billion. To address commodity inflation, Hormel is raising prices, but expects profit recovery to lag over the next year. Best Buy, Dicks Sporting Goods and Victoria Secret are all lower on earnings.

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