After discussing many issues on world economy, today we are going to learn about the best cloud stocks to buy today. After making very extensive research work, Insider Monkey takes you closer to the world of the cloud computing stocks.
COVID-19 pandemic showed the world we can’t do without technology, and while several industries had a forced lockdown, computing has had an extremely strong rise. If you have been planning to invest in stocks this year, you can see that it’s very dificult to find stocks, whose strong returns are guaranteed. According to Insider Monkey’s investigation, the market’s movements is pretty to close to economic realities. It means that long-term real interest rates are negative, economic slows down temporarily. We are witnesses of a new and historical digital transformation, when companies turn to digital stores instead of having online stores. This is the perfect time for you to invest in cloud computing stocks, as according to predictions it will bring billions of dollars in revenues within a few years’ time.
And now let’s see two of the best cloud computing stocks to buy today. For further stocks to invest in, please click the link. At first, here’s Netflix Inc (NASDAC:NFLX), which does not mean a surprise for those who follow tha market’s changes. It has a total of 113 hedge funds according to Insider Monkey’s investigation. Netflix is among the not too many companies that were able to increase their revenues during the first wave of the pandemic, as it gained 10.1 million new paying customers and 26 million new subscribers until the end of the second quarter of the year. The next company stands on the second spot of Insider Monkey’s list – Microsoft Corp (NASDAQ:MSFT). This cloud computing behemoth is predicted have a total revenue between $12.55 billion and $12.8 billion in the near future, and it had a jawdropping revenue of $11.4 billion in 2019. If you want to know the absolute winner of the compilation, check out the list linked above.