Cloud Computing ETFs Looking Great: Let's Explore
Zacks Investment Research | Sep 15, 2021 05:00AM ET
Cloud computing and storage are expected to stay in vogue in 2021. The space has received quite a push amid the coronavirus outbreak with a vast population working from home across the globe. Considering the accelerated coronavirus vaccine rollout globally, demand for cloud computing is set to stay robust even after the pandemic.
It is worth knowing here that cloud computing and storage have found applications in social networking, messaging apps and streaming services. It has empowered video conferencing, gaming, e-commerce shopping, remote project collaboration, online classes, editing, etc. Cloud computing is also supporting organizations in remotely processing a lot of information, developing and running key applications and services.
The world’s largest economy is again seeing a spike in new COVID-19 cases. This uncertainty surrounding the coronavirus outbreak has led to ambiguity regarding the duration of the work-from-home orders imposed by corporations. Notably, Global Workplace Analytics has predicted in a IVES
The fund is designed to provide access to the cloud infrastructure and cloud “enabler” companies, expected to drive the next 10 years of an estimated $1 trillion in cloud spending. It seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The fund holds about 70 securities in its basket. It has AUM of $60.2 million and an expense ratio of 0.68%.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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