PLAN - 3 Top Cloud Computing Stocks to Buy in July
Over the last decade, cloud computing has been a top-performing investment theme. But it's been this current health and economic crisis that has proven just how important cloud services are. With businesses and consumers grappling with shelter-in-place orders, it's these digital systems that have played a crucial role in keeping the wheels turning.
Thus, I think the winds filling the cloud computing industry's sails are far from abating. Global spending was expected to be a double-digit percentage growth story before coronavirus, and the pandemic is only increasing demand, making cloud stocks an annual spending opportunity now totaling in the hundreds of billions. I like cloud stocks as the 2020s get under way. Three I own already and that I'm looking to buy more of in July are salesforce.com (NYSE: CRM), CrowdStrike Holdings (NASDAQ: CRWD), and Anaplan (NYSE: PLAN).
Salesforce has gone from a specialized customer relationship management software-as-a-service to a massive ecosystem of services centered around relationships. In this digital age, human interaction can get downright impersonal. But Salesforce is doing its part to prevent that as far as business and customer relationships are concerned.