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Rob Isbitts

Trading the Saas Apocalypse: Why Are Some Cloud Computing Stocks Bottoming While Others Remain in Freefall?

Rob Isbitts SKYY ETF Microsoft Oracle

The First Trust Cloud Computing ETF (SKYY), which leans toward large-cap infrastructure names like Oracle (ORCL) and Microsoft (MSFT), has shown recent signs of stabilization. Whether it bounces, collapses further, or starts a new bull market is far from settled. But any time I see a chart like this, that old expression “so you’re saying there’s a chance” comes to mind. 

Yes, that’s what I’m saying.

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