From Seekingalpha · Mike Zaccardi, CFA, CMT · · 40s
WCLD Cloud Fund Rises on Tech Breakout
WisdomTree Cloud Fund WCLD gets buy rating as cloud stocks surge.
In brief
WisdomTree Cloud Fund WCLD gets buy rating as cloud stocks surge. WisdomTree Cloud Computing Fund WCLD is upgraded to buy due to strong valuation and technical signals. Originally reported by Seekingalpha.
Rating Upgrade
Mike Zaccardi upgrades WisdomTree Cloud Computing Fund WCLD to buy.
Valuation Strength
WCLD trades at 22.2x p/e with 14%+ long-term eps growth and 1.5x peg ratio.
Technical Signals
Recent breakout to multi-year highs and rising 200-day moving average signal strength.
Seasonal Advantage
Cloud stocks benefit from October through January seasonality and portfolio stability.
The big picture
WisdomTree Cloud Computing Fund WCLD is upgraded to buy due to strong valuation and technical signals.
