Key Market Movers Expected for Wednesday’s Session

In Wednesday’s market preview, investors are watching several key developments. Snowflake and Salesforce are set to release earnings after the market close, with Snowflake having risen 2.6% over the past three months but still down 37% from its November peak. Salesforce has declined 10% in the same period and is 36% below its recent high. Both companies have mixed analyst sentiment: Snowflake boasts 46 buy or overweight ratings, six holds and one sell, with an average price target of $231.38 versus a current price of $177.60. Salesforce enjoys 46 buy or overweight ratings, 13 holds and two sells, and trades near $179.08 with an average target of $254.43. Implied volatility stands at 12% for Snowflake and roughly 8% for Salesforce, indicating expectations of moderate movement after earnings. Earlier Wednesday, a series of corporate reports will be highlighted on Squawk Box, including results from Abercrombie & Fitch, Dick’s Sporting Goods, and Manchester United, alongside economic data from Bank of Montreal and updates on airline stocks. Delta Air Lines, United, American Airlines and Southwest have all posted gains in the past month, while FedEx Freight spinoff (ticker FDXF) is set to begin trading next week, potentially reshaping less‑than‑truckload logistics. Overall, market participants are focusing on these earnings and sector movements as they position for the next trading session.

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