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First Trust Cloud Computing ETF (NASDAQ:SKYY) is the first and only ETF to provide exposure to the fast-growing cloud computing industry. This market segment is growing by leaps and bounds and should do so for several years to come. For example, Amazon (NASDAQ:AMZN) Web Services recently announced that its operating income increased from $580 million in the year-ago quarter to $926 million in the fourth quarter of 2016. Meanwhile, Microsoft (NASDAQ:MSFT) announced that Azure revenue surged 93% year-over-year.

According to research firm IDC:

Between now and 2020, worldwide spending....More>>>

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Urban Outfitters, Inc. (NASDAQ: URBN) reported fiscal fourth-quarter financial results after markets closed on Tuesday. The company posted $0.55 in earnings per share (EPS) and $1.03 billion in revenue versus consensus estimates from Thomson Reuters that called for $0.56 in EPS and $1.04 billion in revenue. The same period from last year had $0.61 in EPS and $1.01 billion in revenue.

Comparable Retail segment net sales were flat for the quarter. By brand, comparable Retail segment net sales increased 2.0% at Urban Outfitters and 1.2% at Free People, but decreased 2.9% at the Anthropologie....More>>>

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As far as bad news goes, it’s the best bad news one could ever hope for. In September, the number of IT jobs in the United States “only” grew 0.17% from August’s total, reaching almost 5.2 million. That’s the word from TechServe Alliance anyway… an association of IT and engineering staffing companies. While not a huge number, it’s another step forward at a time when the rest of the nation is still losing ground.

There’s also some additional context needed, which makes this growth trend even more compelling — on a year-over-year basis,....More>>>

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Valeant Pharmaceuticals International (VRX) is considering the sale of an Egyptian drug maker it bought last year, Bloomberg’sManuel Baigorri and Dinesh Nair are reporting:

Valeant Pharmaceuticals International Inc. is considering the sale of Egyptian drugmaker Amoun Pharmaceutical Co. as the beleaguered Canadian company seeks to accelerate its debt-reduction plans, according to people with knowledge of the matter.

Amoun may attract pharmaceutical companies with an interest in expanding in emerging markets, the people said, asking not to be identified because the deliberations....More>>>