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Invest in the best cloud stocks today with Webull as your trusted brokerage.
In today’s technological era, cloud computing has become an essential part of life for businesses and individuals alike. As more and more companies shift towards cloud-based solutions, investors are eyeing the potential for growth in cloud computing stocks. With so many options available, which cloud stocks should you consider for your investment portfolio?
Cloud computing has revolutionized the way businesses operate, offering increased efficiency, scalability, and cost savings. As a result, the demand for cloud services continues to soar, creating a lucrative investment opportunity. However, not all cloud computer stocks are created equal, and choosing the right ones can be a daunting task.
To help you make informed investment decisions, Benzinga compiled a list of the best cloud computer stock picks. These companies have demonstrated strong growth potential, solid financials, and a competitive edge in the cloud computing market. Whether you are a seasoned investor or just starting out, these stock picks can guide you towards capitalizing on the thriving cloud computing industry.
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Best Cloud Computing Stocks Right Now
| Symbol | Company | % Change | Price | Dividend Yield | Invest |
|---|---|---|---|---|---|
| CRM | Salesforce |
– 1.62%
|
$221.66 | N/A | Buy stock |
| AMZN | Amazon.com |
– 1.31%
|
$141.23 | N/A | Buy stock |
| ADBE | Adobe |
– 3.95%
|
$542.21 | N/A | Buy stock |
| SNOW | Snowflake |
– 1.96%
|
$166.83 | N/A | Buy stock |
| MSFT | Microsoft |
– 1.83%
|
$331.77 | 2.72 / 0.82% | Buy stock |
| ZM | Zoom Video Comms |
– 2.1%
|
$70.27 | N/A | Buy stock |
| NOW | ServiceNow |
– 2.82%
|
$588.84 | N/A | Buy stock |
| TTD | Trade Desk |
– 0.84%
|
$85.80 | N/A | Buy stock |
| DOCN | DigitalOcean Holdings |
– 4.61%
|
$24.85 | N/A | Buy stock |
| ZS | Zscaler |
– 2.93%
|
$160.22 | N/A | Buy stock |
| ORCL | Oracle |
– 13.5%
|
$109.61 | 1.6 / 1.46% | Buy stock |
| GOOGL | Alphabet |
– 1.15%
|
$135.34 | N/A | Buy stock |
What is a Cloud Computing Stock?
A cloud computing stock refers to a stock of a company that provides cloud computing services. Cloud computing involves the delivery of computing resources, such as storage, servers, databases, software, and analytics, over the internet. These services are typically provided by third-party companies, known as cloud service providers, and are accessed by businesses and individuals on-demand, paying only for the resources they use.
Cloud stocks are shares of companies that offer cloud computing infrastructure, platforms, or software as a service. These companies may operate data centers and provide the necessary infrastructure and technology to deliver cloud computing services to their customers. Examples of well-known cloud computing stocks include Amazon Web Services (AWS) from Amazon, Microsoft Azure from Microsoft, and Google Cloud from Google. These stocks can be traded on the stock market, and investors can buy and sell shares to potentially profit from the growth and success of the cloud computing industry.
Where to Invest in Cloud Stocks
Don’t miss out on any potential profits, start investing in cloud computer stocks today with Benzing’s top brokers. Compare brokers below:
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get started
securely through CenterPoint Securities’s
website
CenterPoint Securities is ideal for active traders who demand access to advanced tools and services. While investors and casual traders are likely to be content with the basic offerings of traditional online brokerages, active traders will benefit from CenterPoint’s suite of advanced trading tools. If you value execution quality, access to short inventory, advanced trading platforms, and accessible customer service, CenterPoint is an excellent choice.
Best For
- Intermediate to Advanced traders
- High-volume traders
- Momentum traders
- Short sellers
- Unrivaled access to short inventory
- Flexible order routing for improved executions
- Discounts for active traders
- Advanced platform with fast executions
- Reliable customer service
- Not designed for beginner or low-volume traders
get started
securely through Interactive Broker Primary’s
website
Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.
IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.
Best For
- Access to international markets
- Active traders
- Detailed mobile app that makes trading simple
- Wide range of available account types and tradeable assets
- IB SmartRouting provides significant price improvement vs. industry
- Fractional trading allows investing regardless of share price
- Industry’s lowest margin rates
- Earn more by lending your fuly-paid shares
- Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources
Get 10 Free Shares
securely through Magnifi’s
website
Magnifi is an intelligently designed marketplace that allows investors to access data-backed information about various investment opportunities. The company combines standard brokerage tools with artificial intelligence (AI) to promote financial competence. Magnifi distinguishes itself from the crowd by offering an AI-powered search feature and an AI-powered investment assistant. Magnifi offers a technology-forward platform that aims to promote confident and capable long-term financial investments.
Best For
- Long-term investors
- Individuals interested in personalized assistance
- New investors that are eager to learn how to start investing
- Access to an AI-powered investing assistant with a Magnifi Personal account
- Commission-free investing
- Over 15,000 possible investments
- Available mobile application
- Limited methods of communication with customer service
get started
securely through Webull’s
website
Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.
Webull is widely considered one of the best Robinhood alternatives.
Best For
- Active traders
- Intermediate traders
- Advanced traders
- No account maintenance fees or software platform fees
- No charges to open and maintain an account
- Intuitive trading platform with technical and fundamental analysis tools
- Does not support trading in mutual funds, bonds or OTC stocks
get started
securely through TD Ameritrade’s
website
This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.
Best For
- Novice investors
- Retirement savers
- Day traders
- World-class trading platforms
- Detailed research reports and Education Center
- Assets ranging from stocks and ETFs to derivatives like futures and options
- Thinkorswim can be overwhelming to inexperienced traders
- Derivatives trading more costly than some competitors
- Expensive margin rates
get started
securely through Plus500’s
website
86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 is a European derivatives broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments.
Plus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. But Plus500 is not a broker for beginners — the education materials are sparse and CFDs are risky derivatives capable of sapping out all of an investor’s capital. Only trade these instruments if you understand how they operate and the risks involved with buying them.
Best For
- Traders looking for a smooth mobile experience
- Great mobile app
- Low spreads and commissions
- Unlimited demo account
- Only derivatives are available
- Not open to U.S. residents
Pros and Cons of Investing in Cloud Computing Stocks
Before investing in cloud stocks, it is important to consider the pros and cons of this type of stock investment. Here is what you need to know.
Pros of Investing in Cloud Computing
- Rapidly growing industry with a huge potential for future growth.
- Strong performance in recent years, with many companies in the sector experiencing significant stock price appreciation.
- Diversification to an investment portfolio, as they are not heavily correlated with traditional sectors such as manufacturing or energy.
- Cloud computing companies often have recurring revenue models, which can provide a stable and predictable stream of income for investors.
- Can play on other emerging technologies such as artificial intelligence and Internet of Things, as these technologies often rely on cloud infrastructure.
Cons of Investing in Cloud Computing
- Can be volatile and subject to market fluctuations, as they are often considered high-growth stocks.
- Some cloud computing companies face intense competition, which can impact their profitability and market share.
- Regulatory and compliance issues can pose risks for cloud computing companies, especially in terms of data privacy and security.
- Investing requires thorough research and understanding of the industry, as well as the ability to identify companies with strong fundamentals and competitive advantages.
- The valuation of cloud computing stocks can be challenging, as the sector is often characterized by high valuations and lofty expectations.
Investing in the Future of the Cloud
Cloud computing stocks offer investors a unique opportunity to capitalize on the growing demand for cloud-based services and solutions. With the increasing reliance on technology and the shift towards remote work, companies that provide cloud computing services are poised for significant growth in the coming years.
By carefully selecting the right cloud computing stocks, investors can potentially benefit from the industry’s expansion and the potential for substantial returns. However, as with any investment, it is important to conduct thorough research and consider factors such as the company’s financial health, competitive position, and market trends before making any investment decisions. With the right approach and a well-diversified portfolio, cloud computing stock picks can be a valuable addition to an investor’s portfolio.
Frequently Asked Questions
Is it good to invest in cloud storage?
Yes, investing in cloud storage can be a good decision for several reasons. Cloud storage offers numerous advantages and can greatly enhance productivity and efficiency for both individuals and businesses, making cloud stocks an investment with high potential.
Answer Link
Who is the biggest cloud company?
The biggest cloud company currently is Amazon Web Services (AWS). They dominate the market with a wide range of cloud services and a large customer base.
Answer Link
What are the big 3 cloud providers?
The big 3 cloud providers are Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).
Answer Link
The post Best Cloud Stocks to Invest in by Kaity Wolf appeared first on Benzinga. Visit Benzinga to get more great content like this.