What Is The Best Stock Right Now – Cloud stocks, while not on most investors’ minds, remain a viable play in today’s stock market. For the most part, this will be evident among the top names in the tech world. All of them have a hand in the growing cloud computing business. Therefore, the demand for cloud-related services is increasing across the board. The cloud is a revolutionary area of technology that allows data to be stored virtually without the need for physical servers. In fact, some would argue that it is a key feature of our information-driven world.
For example, we can look at the biggest name in the business, Amazon (NASDAQ: AMZN ). No doubt many will be familiar with the company’s industry-leading e-commerce offerings. However, its Amazon Web Services (AWS) division is also a titan in the cloud computing space. In its latest quarterly earnings update, Amazon generated $17.8 billion in AWS revenue alone. The analyst estimate is $17.37 billion. For context, this represents a huge 40% year-over-year jump for the company. In terms of earnings per share, Amazon was valued at $3.57 on earnings of $5.80. Despite the expected slowdown in core digital retail services, the company notes that its cloud and advertising businesses saw growth for the quarter.
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Meanwhile, there are other names worth noting among cloud stocks. The core of the industry will be firms catering to corporate clients. That includes firms like Salesforce (NYSE: CRM ) and CrowdStrike (NASDAQ: CRWD ). Overall, it looks like an exciting time for the cloud industry. On that note, here’s a look at the stock market.
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Microsoft is a cloud company that enables digital transformation for many companies and businesses. Indeed, in the era of smart cloud and smart fields, it seeks to empower every individual and organization as they move into the digital world. Most of its revenue comes from software products such as Microsoft Windows and Microsoft Office desktops.
On January 25, 2022, the company announced its second quarter financials. First, revenue for the quarter was $51.7 billion, up 20% year-over-year. The company attributed this to strong booking growth and commercial performance. Operating income was $22.2 billion, up 24% from last year. Second, it had net income of $18.8 billion, or diluted earnings per share of $2.48.
“Digital technology is the world’s most convenient resource for overcoming obstacles and reimagining everyday work and life.”
“As technology continues to grow as a percentage of global GDP, we are investing in innovative and diverse markets, shared core technology stacks and an operating model that fosters a shared strategy, culture and sense of purpose.”
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The company also said its recent acquisition of Activision Blizzard (NASDAQ: ATVI ) will not be blocked by the US Federal Trade Commission, assuring investors. All things considered, does MSFT stock make your list of the best cloud stocks to buy?
Alphabet is the parent company of Google and the holding company of the multinational technology group. It is one of the world’s largest technology companies by revenue and one of the most valuable companies in the world. Notably, its Google Cloud is used by large businesses around the world. It allows companies to run their applications on-demand across open source, multi-cloud and hybrid cloud systems.
On Tuesday, the company announced its fourth quarter and fiscal 2021 results. Dive’s revenue for the quarter was $75.32 billion, up 32% from last year. Net income was $20.64 billion or diluted earnings per share of $30.69. The company said its revenue for the quarter was reflected in strong advertising spending and online user activity, as well as strong growth in Google Cloud revenue. He also said that his investments have spurred development by providing essential services to people and businesses.
The company continues to invest in AI technologies to bring users great and useful experiences in its most important products. It also reported record quarterly sales of Pixel phones despite supply constraints. With that in mind, should GOOGL stock be added to your portfolio today?
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Another business that is currently focusing on the cloud is Shopify. Of course, most people don’t think of Shopify when they consider cloud computing. However, the company’s core business is entirely cloud-based and hosted. Through its cloud operations, the company serves more than 1.7 million merchants in 175 countries around the world. The latest quarterly update posted gross merchandise volume (GMV) of nearly $400 billion. With Shopify’s current scale of operations, investors can watch the tech stock’s recent volatility.
First, Shopify is scheduled to report its fourth quarter financials later this month on February 16, 2022. So far, the company doesn’t seem to be slowing down on the operations front. For starters, Shopify seems to want to expand its offerings into the apparel market. This is evident from his recent patent wins. According to Business Insider, the company recently received a patent for its augmented reality (AR) body measurement technology. In practice, it helps customers take body measurements and determine clothing sizes remotely. If Shopify merchants gain access to this technology, it will create new conveniences for shoppers.
In addition, the company also currently works with JD.com (NASDAQ: JD), a leader in the Chinese e-commerce market. Through the current deal, the pair helps American retailers sell their goods to Chinese consumers. Sure, Shopify will gain access to JD’s customer base of over 550 million active users. With all this in mind, are you adding SHOP stocks to your February watchlist?
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Yes, Apple stock is trading at an all-time high, but it’s one of the top 5 stocks to invest in right now. The move to acquire shares in the iPhone maker came as the company held its Worldwide Developers Conference (WWDC) on June 22.
Apple has confirmed what many have been waiting for: powering its products with Intel chips. Apple CEO Tim Cook said during the presentation that it represents a “big leap” and is designed to provide high performance and low power consumption.
But the best is yet to come for Apple. A potential 5G-capable iPhone 12 could be powerful enough for 350 million iPhone users to upgrade their phones. This is noteworthy for Apple stock, as the previous iPhone release may have fallen short of expectations, perhaps because many consumers felt the new phone wasn’t worth the price hike.
In addition to new product launches, Apple’s strong balance sheet is certainly unmatched by most other companies. According to RBC market analysts, even with zero organic growth, the pace of acquisition of Apple shares can continue until mid-2023. The math behind this suggests a compound annual growth rate in the coming years.
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Apple ( AAPL ) closed the last trading session at $364.84, which is 2 percent above the 52-week high of $372.38 and 89 percent below the 52-week low of $192.58. While AAPL stock may be due for a near-term rebound, long-term investors are looking to buy shares of the tech giant.
No list of the best stocks to invest in right now would be complete without a mention of electric-car maker Tesla. After hitting 2020 lows at the peak of the market crash, the stock reversed course and reached $1,000 per share in early June.
Yes, many would argue that momentum is not created for any fundamental reason. So why is Tesla one of the top five stocks to invest in right now? The fact is, one could argue that Tesla was nothing but hype a few years ago – but not now.
More interestingly, Tesla’s futuristic-looking car, the Cybertruck, is seeing huge demand in production. Wedbush analysts put pre-orders at 650,000 and the truck won’t join Tesla’s lineup until late 2021.
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Meanwhile, Tesla appears to be buying a new location to build a factory that could be bigger than its main base in Fremont, California.
Big things are expected from Tesla CEO Elon Musk. If there’s one thing he’s proven to do, he’s been able to do just that – he’s proved the doubters wrong.
Tesla (TSLA)
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