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I am upgrading the WisdomTree Cloud Computing Fund (WCLD) to a buy due to improved valuation and a technical turnaround. WCLD trades at a 22.2x P/E with a 14%+ long-term EPS growth rate, yielding an attractive PEG ratio near 1.5x. Recent breakout to multi-year highs, bullish rounded bottom, and rising 200-day moving average signal renewed technical strength.
AI adoption, surging infrastructure spending and accelerating cloud revenues are boosting the cloud computing industry. Here are four cloud ETFs to watch.
Looking for broad exposure to the Technology - Cloud Computing segment of the equity market? You should consider the WisdomTree Cloud Computing ETF (WCLD), a passively managed exchange traded fund launched on September 6, 2019.
Brazilian equities, tanker shipping, utilities, cybersecurity and cloud computing ETFs led last week's winners. Here's what fueled their gains.
Software spending continues to grow, with extra tailwinds in many cases thanks to AI, and a recent spate of earnings wins affirms this. Of course, as the landscape shifts with the influx of AI and the threat of a "SaaSpocalypse" that could eliminate or reduce the value proposition of many software-as-a-service (SaaS) firms, investors must be more cautious: strong revenue growth, expanding margins and free cash flow, customer and net revenue retention, and other factors all matter more than ever.
WisdomTree Cloud Computing Fund (NASDAQ: WCLD - Get Free Report)'s share price traded down 2.9% on Tuesday. The stock traded as low as $39.29 and last traded at $39.52. 1,088,906 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 1,052,239 shares. The stock had previously closed at $40.72.
The WisdomTree Cloud Computing ETF (WCLD) made its debut on 09/06/2019, and is a smart beta exchange traded fund that provides broad exposure to the Technology ETFs category of the market.
August delivered strong gains across shipping, crypto, precious metals, biotech, copper, uranium and cloud software ETFs.