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Cloud data platform Snowflake launched it's IPO Wednesday under the symbol $SNOW and priced at $120 a share. It hit a high of $319 just after the open fueled by news Berkshire Hathaway and Salesforce bought shares in concurrent private sales. 

Machine data analytics specialist Splunk reported mixed second quarter earnings, missed on revenue but beat on earnings. In a mirror of last quarter $SPLK traded sharply down initially but bounced after the conference call focused on the successful shift to a SaaS model accelerating with cloud driving.

The Conference Board said Consumer Confidence declined in August for the second consecutive month in the US with the index at 84.8 v 93.0 expected and 92.6 in July as the Covid-19 lockdown angt continued and stimulus paymetns expired. Consumers appear to see low interest rates and stimulus payments as a one-off event. Consumers were also more pessimistic about the short-term outlook. 

Apple’s 4-for-1 stock split has propelled $AAPL, the S&P 500 and NASDAQ to record highs it has also prompted major changes in the Dow Jones Industrial Average. Salesforce.com will replace Exxon Mobil, Amgen will replace Pfizer and Honeywell International will replace Raytheon Technologies. 

Occidental Petroleum reported for the second quarter on Monday a loss of $8.13 billionn including impairment charges of $6.6 billion.  $OXY is  the biggest Permian Basin producer is living on a knife edge. ExxonMobil , Chevron and Diamondback reported a much sounder position.

Cloud based e-commerce company BigCommerce Holdings launched it's IPO Wednesday under the ticker BIGC after raising $216.5 million. IPOs can be boom or bust, Uber, Dropbox, Pinterest, Lyft, Spotify are some of the recent names.

Video game publisher Activision Blizzard reported better than expected second quarter earnings and guided its full year 2020 guidance. $ATVI saw growth from World of Warcraft Classic and core games include Overwatch, Call of Duty, and Candy Crush mobile games.

Video game publisher Take-Two Interactive Software raised guidance despite lower than expected earnings Monday. NBA® 2K20, Grand Theft Auto® Online, Grand Theft Auto V, Red Dead Redemption 2 , Red Dead Online, Sid Meier’s Civilization® VI and Social Point’s mobile games helped $TTWO raise guidance.

Texas independent oil and natural gas company Diamondback Energy reported better than expected adjusted second quarter earnings after the market close Monday. $FANG however took a $2.54 billion impairment charge against its oil and gas properties.

Chevron reported second quarter results Friday along with fellow oil major ExxonMobil.l. $CVX reported an $8.3 billion loss as the coronavirus “significantly reduced demand.” Chevron's average price per barrel of oil and NGL fell more than 60% year over year.

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