Why Snowflake, Shopify, and Palantir Rocketed Higher This Week
Shares of Snowflake (NYSE: SNOW), Shopify (NYSE: SHOP), and Palantir (NYSE: PLTR) each surged this week, with shares climbing 19.9%, 14.8%, and 14.8%, respectively, by the end of trading on Thursday. First, long-term bond yields fell this week, along with commodity prices. An economic slowing is actually somewhat bullish for high-growth stocks like these three since a lower long-term discount rate would benefit stocks with earnings well out into the future.