Cloud ETF Faces Earnings Tests accounts for 4.66% of SKYY’s weight. The ETF’s largest holding is Netflix Inc. (NASDAQ: NFLX) at a weight of 6.72%.

“Morgan Stanley’s software analysts Stan Zlotzsky and Brian Essex today are bullish, to an extent. While the stock performance this year suggests ‘heightened investor expectations,’ they believe there are ‘pockets of opportunity,’” according to Barron’s. Inc. (NASDAQ: AMZN), SKYY’s second-largest holding, already reported a massive jump cloud revenue for its most recently reported quarter. The $1.41 billion SKYY holds 30 stocks.

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