Cloud stocks had a great year. What will 2018 bring? Given the setup we see on the charts we see a select group of cloud stocks that could outperform their peers in 2018.
The fundamental case for cloud stocks / cloud companies
We often hear this proverbial “Knowledge is Power.” It seems to be established in our minds. We tend to differ though. Knowledge such as facts, information, statistics are neither powerful nor profitable if they are not recorded or stored for future reference. The building of Giza Pyramid was an excellent example which makes the case that knowledge vanished with absolutely no trace for future reference nor next generations.
Over time, humans realized the important of recording the knowledge that they build up. In the prehistoric era data was carved on stones, tree trunks, or leaves. In the modern era we have data written down on paper followed by storing data in vinyl record, tape, diskette, CD, hard disk, and now servers. The historic trend is quite obvious. The enormous amount of accumulated data will require exponential amount of storage as time progresses. Without any doubt is the capability of providing storage one of the most lucrative businesses.
Leading cloud stocks in 2018, and which ones to buy
InvestingHaven’s research team sees a potential investment opportunity in the cloud industry in 2018 particularly in the next phase of cloud solutions. Amazon, Google, Microsoft and IBM may have been the clear winners so far. But there still is a handful of cloud stocks with huge market potential. We have identified 4 cloud stocks that deserve a buy rating in 2018.
Cloud stock 2018 #1: Cisco System
Ever since the dotcom bubble Cisco’s (CSCO) stock price has been consolidating between 11 – 30 dollar for the past 17 years. And it managed to break the 34 mark in Oct. Cisco has its roots in networking hardware. It was not bullish in the last years, so what makes us there is a bullish case for this stock?
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