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Datadog - 1 Refinitiv - 1 Olivier Pomel - 1 Pomel - 1 Bernstein - 1 Peter Weed - 1 Covid - 1 RingCentral - 1
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6 mentions found


☆ Cloud stocks falter as Datadog trims 2023 revenue expectations
  + stars: | 2023-08-08 | by ( Jordan Novet | ) www.cnbc.com   time to read: +5 min
Cloud stocks slipped on Tuesday, after one of the more prominent ones, Datadog , lowered its full-year revenue guidance as organizations remain engaged in cost-saving exercises. Then inflation hit, central bankers raised interest rates, and investors began selling holdings in fast-growing cloud stocks and rotating into safer investments that could more consistently offer returns. Executives at many cloud companies responded by reducing overhead, sometimes in the form of layoffs. Cloud stocks began to rebound, but many, including Datadog, have yet to trade above their record highs from 2021. Like Datadog, Everbridge , whose software helps companies respond to emergencies, lowered its growth expectations for the full year on Tuesday.
Persons: Datadog, Refinitiv, Olivier Pomel, Pomel, Bernstein, Peter Weed, Covid, RingCentral, Hewlett Packard, Tarek Robbiati, Vlad Shmunis, Sonalee Parekh, Patrick Brickley Organizations: Computing Fund, Bernstein Research, Nasdaq Locations: U.S, Smartsheet, Snowflake
☆ How to invest in AI: New York Life Investments shares 3 ways to sensibly put money into the growing sector as 'its true impact is still uncertain' despite investors rushing to buy the stocks
  + stars: | 2023-06-09 | by ( William Edwards | ) www.businessinsider.com   time to read: +4 min
Lauren Goodwin says investors should keep in mind that AI's eventual impact remains unknown. She said to invest thematically, focus on quality, and look at adjacent industries AI will rely on. Stocks like Nvidia and Microsoft — leaders in the AI space — have alone contributed to about 43% of the index's gains. "The excitement about generative AI has distracted investors from the possible risks of a looming recession," Goodwin said in a note on Tuesday. "The direct winners from AI technology may not be known yet.
Persons: Lauren Goodwin, Morgan Stanley, Goldman Sachs, Goodwin Organizations: Nvidia, Microsoft, New York Life Investments, Nasdaq Artificial Intelligence, Robotics, Intelligence, iShares Robotics, Companies, X Data, Digital Infrastructure ETF, Computing Fund
☆ Jim Cramer says to hold on to these 3 cloud stocks and sell the rest
  + stars: | 2022-11-11 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
CNBC's Jim Cramer on Friday offered a list of stock picks for investors who are bullish on cloud computing but cautioned that he believes there's more pain to come. "I recommend using this incredible rebound actually as a rare opportunity to sell the weaker cloud stocks into strength," he said. Here is his list of keepers:Honorable mentions, which he likes but doesn't necessarily recommend buying, include Salesforce and Workday . To come up with his list, Cramer first looked at the WisdomTree Cloud Computing Fund , an ETF that soared over 13% on Thursday after the October consumer price index came in lighter than expected. Cramer maintained that while he likes the stocks he picked, investors should take the chance to exit their cloud stocks while they're up.
☆ Beleaguered tech stocks rocket higher after consumer price index shows inflation easing
  + stars: | 2022-11-10 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +1 min
Tech stocks rocketed higher Thursday after the consumer price index showed signs of easing inflation. Stocks in the cloud computing, e-commerce and payments sectors showed particular strength, but the rally lifted nearly every tech company significantly. The WisdomTree Cloud Computing Fund, a basket of cloud software stocks, had its best day on record on Thursday, surging 12%. The S&P 500 was up nearly 4% Thursday and the tech-heavy Nasdaq Composite Index was up 5%. The market rally followed the news that consumer prices rose less than expected, just 0.4%, in October.
☆ Cloud stocks creamed as Fed indicates more rate hikes are coming
  + stars: | 2022-11-02 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Investors pounded cloud software stocks on Wednesday on concern that interest rates will rise for longer than previously expected. Cloud stocks have been particularly sensitive to rising rates as investors prefer to own stocks with stronger current earnings that are less reliant on future growth. But for money-losing companies — and many cloud stocks are not profitable — the calculus is completely different. One gauge of cloud stocks, the WisdomTree Cloud Computing Fund, is now down 51% for 2022, compared with a 110% rise in 2020. CrowdStrike , Qualtrics and other cloud software stocks have reported more scrutiny of deals in recent months.
☆ Cloud stocks just wrapped up their worst week since January, led by plunge in Five9 and SentinelOne
  + stars: | 2022-10-14 | by ( Ari Levy | ) www.cnbc.com   time to read: +3 min
Cloud stocks plummeted 11% this week, the steepest drop since January, as executive departures at Five9 and Zscaler and investors' continued rotation out of risk combined to send the group to its lowest level since March 2020. The WisdomTree Cloud Computing Fund, a basket of 75 cloud software stocks, has lost 53% of its value for the year, more than double the drop in the S&P 500. Five9 shares suffered the biggest decline in the index, falling 29% for the week, after CEO Rowan Trollope said he was leaving to run a pre-IPO company. Security software vendor Zscaler announced the resignation of its president, Amit Sinha, who is also taking a CEO position at a pre-IPO company. The WisdomTree index fell all five days this week, and had its worst day on Friday, dropping 3.6%.
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