Big Tech, Tesla & Cloud Computing ETFs

  • (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       

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 Quick Quote AAPL - Free Report) recorded its most profitable quarter ever. Dan believes the company is best positioned to win from the 5G supercycle theme and could be worth $3 trillion within a year.

Tesla (TSLA Quick Quote TSLA - Free Report) 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 Quick Quote AMZN - Free Report), Microsoft (MSFT Quick Quote MSFT - Free Report), and Google-parent Alphabet (GOOG Quick Quote GOOG - Free Report) benefited from the surge in their cloud-computing businesses. Who will win this cloud war?

The ETF Wedbush ETFMG Global Cloud Technology ETF (IVES Quick Quote IVES - Free Report) 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 Quick Quote NICE - Free Report), Coupa Software (COUP Quick Quote COUP - Free Report), and Cloudflare (NET Quick Quote NET - Free Report) are among its top holdings.

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Disclosure: Neena owns shares of WCLD and CLOU in the ETF Investor portfolio. Make sure to be on the lookout for the next edition of ETF Spotlight and also make sure to subscribe! If you have ...

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