- (0:45) – Tech Giants Benefit During Pandemic: Q4 Earnings
- (4:20) – What Should Investors Expect From Tesla?
- (7:00) – Cloud Computing’s Rapid Expansion: Who Will Come Out On Top?
- (9:30) – Stocks To Keep On Your Radar For 2021
- (13:50) – Wedbush ETFMG Global Cloud Technology ETF: IVES
- (19:40) – The Rise In Retail Investing
-
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In this episode of ETF Spotlight, I speak with Dan Ives, Managing Director at Wedbush Securities, about the outlook for mega-cap technology stocks and cloud computing.
Technology giants had led the market higher for most of 2020. These companies posted better than expected earnings recently as they continue to benefit from the digital transformation accelerated by the pandemic.
Apple
AAPL
recorded its most profitable quarter ever. Dan believes the company is best positioned to win from the 5G super cycle theme and could be worth $3 trillion within a year.
Tesla
TSLA
is up almost 25% this year, after a gain of over 700% in 2020. Dan recently raised his price target for Tesla to $950, and $1,250 in a bull-case scenario, thanks to rising demand for EVs.
Recent results of Amazon
AMZN
, Microsoft
MSFT
and Google-parent Alphabet
GOOG
benefited from the surge in their cloud-computing businesses. Who will win this cloud war?
The ETF Wedbush ETFMG Global Cloud Technology ETF
IVES
holds “undercover gems of cloud technology” companies that are expected to drive the next 10 years of an estimated $1 trillion in cloud spending. Nice
NICE
, Coupa Software
COUP
and Cloudflare
NET
are among its top holdings.
How is IVES different from other cloud computing ETFs–the First Trust Cloud Computing ETF
SKYY
, the Global X Cloud Computing ETF
CLOU
and the WisdomTree Cloud Computing ETF
WCLD
. Tune into the podcast to learn more.
Make sure to be on the lookout for the next edition of ETF Spotlight and also make sure to subscribe! If you have any comments or questions, please email
[email protected]
.
(Disclosure: Neena owns shares of WCLD and CLOU in the ETF Investor portfolio.)
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