Cloud Stocks Back in Favor

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Includes: APKT, ARUN, BCSI, CRM, CTXS, DVMT, EQIX, FFIV, JNPR, NTAP, RAX, RVBD, VMW
by: Bespoke Investment Group

After a moderate pullback along with the overall market, cloud stocks have been back in rally mode over the last couple of days. In the two trading days since Amazon.com (NASDAQ:AMZN) unveiled its 'cloud drive locker,' our cloud computing basket -- which contains 13 of the stocks most commonly associated with the cloud trade -- is up over 3% and has climbed back above its 50-day moving average.

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