Investors looking for a theme to buy in an expensive market where the Standard & Poor’s 500 hit a new all-time high yesterday today, June 11, looked to Cyber Security stocks.
And why not with the newest round of ransomware attacks clearly not the last effort by hackers to break into corporate networks.
Today Palo Alto Networks (PANW) gained 0.94%. Crowdstrike Holdings (CRWD) was heard 1.17%. FireEye (FEYE) gained 1.65%. Zscaler (ZS) picked up 1.41%. Forinet (FTNT) closed even. Anaplan (PLAN) moved up 4.47%. And Pubmatic (PUBM) lost 3.52%.
I own Palo Alto Networks in my Jubak Picks Portfolio where the stock is up 79% since I added this position on June 27, 2019, and in my 50 Stocks Portfolio where it is up 50% since I added this position on January 21, 2020, and in my new Millennial Portfolio where the position is up 0.94% since I added it on May 21, 2021. (I also own a position in Palo Alto Networks in my personal portfolio.)
I will be adding another Cyber Security stock, Crowdstrike, in my Jubak Picks and Millennial portfolios on Monday.