SKYY - The SKYY Cloud-Computing ETF Has Rotated Away From The Bigger Companies

April, 25 2021 07:59 PM First Trust ISE Cloud Computing Index Fund

The recent market rotation out of tech and into value has reduced the valuation level of many cloud computing-related companies.
That being the case, investors should consider rotating some capital back into the sector, which still has excellent long-term growth prospects.
SKYY is up 32% since my BUY recommendation last August, but is down ~10% from its February high. Meanwhile, the portfolio has pivoted away from the 'Big-3' to smaller companies.
The cloud-computing sector has tremendous growth potential and the aaS-based models generate high margins and significant free cash flow. But I prefer the larger companies.

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Company Name:	First Trust ISE Cloud Computing Index Fund
Stock Symbol:	SKYY
Market:	NASDAQ