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2 Cloud Services Stocks to Buy, 2 to Sell

With continuing remote working trends and digital transformation, the cloud services industry is expected to grow significantly in the coming months. So, we think it could be wise...
2 Cloud Services Stocks to Buy, 2 to Sell © Reuters. 2 Cloud Services Stocks to Buy, 2 to Sell

With continuing remote working trends and digital transformation, the cloud services industry is expected to grow significantly in the coming months. So, we think it could be wise to add fundamentally strong cloud services stocks Open Text (NASDAQ:OTEX) and J2 Global (NASDAQ:JCOM) to one’s portfolio now. In contrast, RingCentral (NYSE:RNG) and Synchronoss Technologies (NASDAQ:SNCR) look significantly overvalued at their current price levels, so they are best avoided now. Let’s discuss these names.Because the remote working trend and digital transformation are making companies and other organizations vulnerable to cyber-attacks, governments globally have been taking steps to strengthen and secure cloud infrastructure. For example, President Biden signed an Executive Order earlier this year to “move the Federal government to secure cloud services.” Investors’ interest in cloud stocks is evidenced by the First Trust Cloud Computing ETF (SKYY) and the Global X Cloud Computing ETF’s (CLOU) 9.5% and 15.6% price gains, respectively, over the past three months.

Furthermore, consistent innovation in artificial intelligence (AI) and the Internet of Things (IoT) is expected to help drive the growth of the cloud services industry. According to a ResearchAndMarkets report, the global cloud computing market is expected to grow at a 19.1% CAGR to $1,251.09 billion by 2028. However, with increasing competition in the cloud space, not all stocks are good bets now.

Given the favorable backdrop, we think it could be wise to scoop up the shares of quality cloud services stocks Open Text Corporation (OTEX) and J2 Global, Inc. (JCOM), which hold solid growth prospects. Conversely, we think the prices of RingCentral, Inc. (RNG) and Synchronoss Technologies, Inc. (SNCR) have exceeded their intrinsic values, so they are best avoided now.

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27-09-2021 20:31:01 (UTC+7)

EUR/USD

1.1699

-0.0015 (-0.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

EUR/USD

1.1699

-0.0015 (-0.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

GBP/USD

1.3702

+0.0020 (+0.15%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

USD/JPY

110.90

+0.18 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (0)

AUD/USD

0.7270

+0.0012 (+0.17%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (5)

USD/CAD

1.2659

+0.0007 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

129.75

+0.05 (+0.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

EUR/CHF

1.0852

+0.0029 (+0.27%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Gold Futures

1,752.65

+0.95 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (7)

Silver Futures

22.633

+0.208 (+0.93%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (10)

Copper Futures

4.2715

-0.0140 (-0.33%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (4)

Crude Oil WTI Futures

75.44

+1.46 (+1.97%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Brent Oil Futures

78.78

+1.55 (+2.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

5.563

+0.363 (+6.98%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

US Coffee C Futures

193.08

-1.27 (-0.65%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Euro Stoxx 50

4,165.65

+7.14 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

S&P 500

4,445.30

-10.18 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

DAX

15,571.85

+40.10 (+0.26%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

FTSE 100

7,051.75

+0.27 (+0.00%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

Hang Seng

24,208.78

+16.62 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,258.90

+5.02 (+0.22%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (11)

IBEX 35

8,991.50

+118.40 (+1.33%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

BASF SE NA O.N.

64.560

+0.860 (+1.35%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

47.21

+0.73 (+1.57%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

195.52

+3.18 (+1.65%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Adidas AG

278.62

-2.95 (-1.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Deutsche Lufthansa AG

6.425

+0.192 (+3.08%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

Siemens AG Class N

146.95

-1.16 (-0.78%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (0)

Deutsche Bank AG

11.004

+0.169 (+1.56%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (0)

 EUR/USD1.1699↑ Sell
 GBP/USD1.3702↑ Sell
 USD/JPY110.90↑ Buy
 AUD/USD0.7270Neutral
 USD/CAD1.2659↑ Sell
 EUR/JPY129.75↑ Sell
 EUR/CHF1.0852↑ Buy
 Gold1,752.65↑ Sell
 Silver22.633Sell
 Copper4.2715Neutral
 Crude Oil WTI75.44↑ Buy
 Brent Oil78.78↑ Buy
 Natural Gas5.563↑ Buy
 US Coffee C193.08↑ Sell
 Euro Stoxx 504,165.65↑ Buy
 S&P 5004,445.30↑ Sell
 DAX15,571.85Buy
 FTSE 1007,051.75↑ Buy
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,258.90↑ Sell
 IBEX 358,991.50↑ Buy
 BASF64.560↑ Buy
 Bayer47.21↑ Buy
 Allianz195.52↑ Buy
 Adidas278.62↑ Sell
 Lufthansa6.425↑ Buy
 Siemens AG146.95↑ Buy
 Deutsche Bank AG11.004↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(5,665/ 5,715) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 27-09-2021 20:31:03
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,753.07+3.580.20%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.18-0.49-0.66%
Brent$78.60-0.59-0.76%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
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