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SKYY

First Trust Cloud Computing ETF

https://www.ftportfolios.com/retail/etf/etfsummary.aspx?Ticker=SKYY

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The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies involved in the cloud computing industry.

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Lumen Technologies partners with Meta Platforms to enhance Meta's AI capabilities through flexible, on-demand network solutions. This collaboration aims to boost Meta's network capacity, supporting its complex AI tasks. Lumen's stock rose 9.50% following the announcement.

Portfolio Pulse from Lekha Gupta

October 21, 2024 | 2:11 pm

GitLab Inc (NASDAQ:GTLB) is exploring a potential sale after receiving acquisition interest, with Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) holding a significant stake. The news has driven GitLab's stock price up by 8.36%. Datadog Inc (NASDAQ:DDOG) is among the interested parties. Investors can also gain exposure through ETFs like First Trust Cloud Computing ETF (NASDAQ:SKYY) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

July 17, 2024 | 2:55 pm

GitLab Inc (NASDAQ:GTLB) stock surged on Wednesday following the company's announcement of amendments to its severance plan. The revisions ensure equity awards cannot be canceled without consideration during corporate transactions. GitLab also reported strong first-quarter financial results, beating analyst estimates on both revenue and EPS. The company expects full-year revenue and adjusted EPS to exceed estimates. Investors can gain exposure to GitLab through First Trust Cloud Computing ETF (NASDAQ:SKYY) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

June 26, 2024 | 5:00 pm

Michael Dell, CEO of Dell Technologies, plans to sell 10 million shares worth $1.3 billion amid the AI boom. This follows a previous sale of $1.6 billion in shares, making 2024 potentially his biggest year of stock liquidation. Despite disappointing earnings in May, Dell stock has surged over 175% in the last 12 months. Investors can gain exposure to Dell through ETFs like PTF and SKYY.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 2:22 pm

Amazon's AWS plans to invest €7.8 billion in the AWS European Sovereign Cloud in Germany by 2040, starting with a new AWS Region in Brandenburg by 2025. This investment aims to drive digital transformation, enhance the AWS Partner Network, and support renewable energy projects, contributing €17.2 billion to Germany's GDP and sustaining 2,800 jobs annually. AWS will also create new permanent positions and ensure compliance with EU regulations.

Portfolio Pulse from Shivani Kumaresan

May 15, 2024 | 12:53 pm

DigitalOcean Holdings Inc (DOCN) shares surged after reporting strong fiscal first-quarter results, with revenue and adjusted EPS beating analyst estimates. The company also provided an optimistic outlook for Q2 and fiscal 2024, expecting higher revenue and adjusted EPS. Additionally, DOCN was added to the S&P SmallCap 600, replacing Agiliti Inc. Investors can also gain exposure to DOCN through the Global X Cloud Computing ETF (CLOU) and the First Trust Cloud Computing ETF (SKYY).

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 2:02 pm

Appian Corp (NASDAQ:APPN) reported a fiscal Q1 2024 revenue increase of 11% Y/Y to $149.84 million, slightly above analyst expectations. However, its adjusted EPS loss of 24 cents was worse than the expected 16 cents loss, causing its stock to drop nearly 20%. Subscription revenue grew by 19%, but professional services revenue fell by 11%. The company's Q2 revenue outlook is below analyst consensus, as is its adjusted EPS forecast. Appian's full-year revenue guidance is also slightly below expectations, with a wider projected EPS loss than previously anticipated. APPN stock has risen over 1% in the past year, and is included in the First Trust Nasdaq Artificial Intelligence And Robotics ETF (NASDAQ:ROBT) and First Trust Cloud Computing ETF (NASDAQ:SKYY).

Portfolio Pulse from Anusuya Lahiri

May 02, 2024 | 2:27 pm

Jon Maier, investment chief at Global X, forecasts AI-related stocks, cloud computing, and cybersecurity to dominate in 2024. He recommends Global X ETFs like CLOU and BUG, as well as alternatives SKYY and IHAK. Small caps are also highlighted with ETFs VB and IJR suggested. Covered-call products XYLD and QYLD are recommended for range-bound markets. Emerging markets, especially India, are seen as potential growth areas. The SEC is monitoring companies for transparency in AI capabilities.

Portfolio Pulse from Benzinga Neuro

December 18, 2023 | 3:14 am

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