|Day's range||1,085.00 - 1,085.00|
The current environment in the banking industry has left a lot of investors concerned and confused. Bank stocks generally do well when interest rates are rising, particularly when the economy is not in a recession. In recent weeks, three banks -- SVB Financial's Silicon Valley Bank, Signature Bank, and Silvergate Capital -- have failed or collapsed.
Cloud computing improves operational efficiency by providing on-demand access to infrastructure, platform, and software services. In fact, consultancy Future Market Insights estimates that cloud services revenue will grow at an average rate of 21% annually to reach $4.4 trillion by 2033. Cloudflare (NYSE: NET) and Amazon (NASDAQ: AMZN) are both well positioned to benefit from that growth.
Warren Buffett isn't beating the market so far in 2023. Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) stock performance lags well behind the S&P 500. However, it's a much different story for some of Berkshire's holdings.